*The phrase ‘some of the best’ is not a recommendation or rating of products. This page compares a range of home loans from selected providers, not all products or providers are included in the comparison. No home loan is one size fits all. The best home loan for you will not be the best home loan for someone else. As a result, it's worth getting advice on whether a product is right for you before committing.
Calculations - how we came up with our savings estimates:
We looked at the current discounted variable loan rates from the big four banks (ANZ, Commonwealth Bank, NAB and Westpac) and produced an average, which was 4.46 per cent per annum. We assumed an annual fee of $395. We compared these rates to the lowest rate offered in March 2018.
For our calculations, we used $381,924 as the home loan amount, which was the average owner-occupier home loan size based on December 2017 figures from the Australian Bureau of Statistics data. We have assumed a 15-year loan term and an LVR of 70 per cent or lower.