This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about products from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers and may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. See the rating methodology. We not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a product, you will deal directly with a financial institution, and not with RateCity. Rates and product information should be confirmed with the relevant financial institution, and you should review the PDS before you decide to purchase. See our terms of use for further details. This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.

Home Loan Calculator

Our Home Loan Calculator helps you estimate your mortgage repayments. You can also calculate the interest you might save and the time you can shave off your loan by making additional repayments.

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Learn more about Mortgages with the following related articles:

Home Loan Payments Calculator

The more money you repay into your home loan, the faster you will pay it off and the less overall interest you will pay.

While you can use RateCity's home loan payments calculator to compare some of the best mortgages available in the market, you can also use the calculator to evaluate the extra savings generated by different strategies including making additional repayments, making lump sum repayments and shortening the length of the loan.

Read more

Home Loan Fee Calculator

All lenders have fees associated with their home loans – and some more so than others. By using RateCity's home loan fee calculator you're able to look for competitive interest rates, but also the 'comparison rate', which calculates the amount of fees and charges you may be slapped with over the life of a home loan.

Read more

Home Loan Interest Calculator

If you're in the market for a first mortgage or refinancing an existing home loan, it is important to understand how you intend to manage your repayments.

You can either make repayments on a 'principal and interest' basis or pay by 'interest-only' instalments. To determine the option that is best for you, try using RateCity's home loan interest calculator.

By doing so, you'll be able to estimate your repayments and determine the total amount of interest payable over the life of the loan.

Read more

Apply for a Home Loan

RateCity makes applying for a home loan all the more easier for you. A home loan is a big step, which is why you want to make sure that it's the right one for you before you sign. So take some time to explore the rates in the market and think about what types of home loans would best suit you.

Read more

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All interest rates are minimum available for product listed and actual rates offered by lender may vary depending on your individual circumstances and loan amount. The graph above displays total estimated repayment amounts based on principal and interest, in respect of the loan amount, interest rate, term and repayment frequency entered in the Loan Details.

All results are estimates. RateCity's terms of use apply to your use of this calculator.

The comparison rate is based on secured credit of $150,000 and a term of 25 years. The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.

Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Read our detailed disclosure here.

Find out more about our information service.
  • Do you want to know if you're getting a good deal on your current home loan or are you in the market for a new one? RateCity allows you to search, compare and apply for more than 2000 home loans. All you have to do is complete the mortgage form at the top of this page to receive immediate results, or head straight to one of our popular searches found at the base of this page.

    If you would like to get some help completing the home loans form or learn more about the mortgage market, get tips and information, then read our Mortgage Guide. Not only is this a step by step guide to help you stay on track, it has a useful checklist of costs so you don't get stung. Lastly, keep up-to-date with the latest information regarding tips, interest rate rises and any other mortgage related news at RateCity's Mortgage News space.

  • RateCity's Mortgage Guide provides you with tips and useful information on what to consider when purchasing a mortgage.

    We understand how important it is that you find the right mortgage as not only will you be able to rest assured with the confidence of knowing that you have made the right decision but you may also be able to save money in the long term.

    Our Mortgage Guide offers the most up-to-date information, hints and tips and all you need to know about mortgages and what you need to be aware of throughout the entire process of purchasing a mortgage. Whether you want to know about mortgage repayments and how they are calcuated, the fees involved with getting a mortgage or different features available with some home loans, you are in the right place.

  • Mortgage Articles

    Read definitions on a range of mortgage and home loan terms . This is a must for anyone who needs help to decipher the difference between advertised rates and real rates, learn what an lvr is or whether an offset account might be of use to you! Find an article from the list below to get your started.

  • Popular Home Loan Searches

    • Low Doc Home Loans

      These loans are a type of mortgage that is available for people who cannot prove their income and cannot provide all of the required documentation for standard home loans such as tax returns and pay slips. If you are self employed, have a bad credit rating or do not work full-time this type of loan may be suitable.

      Find a low doc mortgage

    • Variable Rate Investment Property

      This type of mortgage will see interest rates change as the market fluctuates. If you are comfortable with this feature and are searching for a loan to fund an investment property then the link below will provide you with a wide range of suitable products to choose from.

      View variable rate investment property mortgages

    • Fixed Rate Investment Property

      Fixed Rate mortgages are a good option for borrowers who are not comfortable with their interest rates changing each month. This added security can be a relief, particularly if you wish to adhere to a consistent repayment strategy.

      Compare fixed rate investment property mortgages

  • Popular Home Loan Searches

    • Variable Rate Mortgages

      Variable mortgages are the market standard. By applying for a variable rate mortgage, your interest rate will move along with the market rate, so you may find your repayments changing many times a year. Click on the link below to start comparing today!

      Find a variable rate loan

    • Fixed Rate Mortgages

      If you are the type of person who enjoys a degree of financial certainty then a fixed rate is the way to go. Knowing that your monthly repayments won't be affected by economic conditions can also provide you with security and the ability to budget carefully.

      Find a fixed rate loan

    • Low Interest Home Loans

      Search, compare and apply for low interest home loans to find the most affordable mortgages in Australia. Often these are introductory home loans that provide a discounted interest rate for the beginning of the loan.

      Compare low rate mortgages

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    If you have a mortgage, the current historically low interest rates have no doubt been a welcome relief.

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