Home Loan Comparison Rate Calculator
Fold upfront, ongoing, and discharge fees into a single effective annual rate to compare loans like-for-like.
Home Loan Comparison Calculator
Compare two home loans side by side. The cheaper loan over the full term is highlighted.
Loan B saves you in interest
$175,702
Loan B also pays $175,702 less in total over the 25-year term.
Comparison
| Metric | Loan A | Loan BCheaper |
|---|---|---|
| Monthly repayment | $3,694 | $3,847 |
| Number of payments | 360 | 300 |
| Total repaid | $1,329,949 | $1,154,247 |
| Total interest | $729,949 | $554,247 |
About this calculator
Compares two principal-and-interest loans assuming a constant interest rate for each. Doesn't fold in upfront, ongoing, or discharge fees — for an apples-to-apples comparison that includes fees, run each loan through the comparison rate calculator first and use the effective rate here. Talk to a licensed mortgage broker before relying on a figure.