Home Loan Comparison Calculator
Compare two home loans side by side.
Home Loan Comparison Rate Calculator
Folds upfront, ongoing, and discharge fees into a single effective annual rate so two loans with different fee structures can be compared on a like-for-like basis.
Effective annual rate
6.28%
Headline rate 6.25% + 0.03 pp from fees
Total interest
$778,612
Total fees
$4,550
Total cost
$1,423,162
Fee breakdown over 30 years
| Component | Amount |
|---|---|
| Upfront fees | $600 |
| Ongoing fees ($10/mo × 360 months) | $3,600 |
| Discharge fee | $350 |
About this calculator
This computes the comparison rate for the loan parameters you enter, not the regulated APR figure on lender disclosure documents (which is calculated against a fixed $150,000 × 25-year reference loan under the National Consumer Credit Protection Act 2009). Doesn't include LMI, stamp duty, or government charges. Different lenders structure fees differently — always read the Key Facts Sheet. Talk to a licensed mortgage broker before relying on a figure.