As seen on
Home Loan Saver Calculator
How it works
Enter your loan amount and current interest rate. Then hit calculate to see how much you’ll save by switching to any of the competitive home loans featured below. It’s that simple.
Product | Advertised Rate 1.77 % p.a Variable | Comparison Rate* 1.86 % p.a | Company Promoted | Save by switching $111,906 total savings | Repayment $1,651 monthly | Total estimated upfront fees $440 | Go to site |  If you have 40% deposit or equity, you can get a low variable rate, unlimited redraws, and no monthly fees. More details | Highlighted | |
Advertised Rate 1.99 % p.a Variable | Comparison Rate* 1.99 % p.a | Company Promoted | Save by switching $99,162 total savings | Repayment $1,693 monthly | Total estimated upfront fees $0 | Go to site | Owner occupiers can enjoy low interest rates, no fees, an online application process, and fast approval with this variable rate home loan. More details | |||
Product | Advertised Rate 2.19 % p.a Fixed - 3 years | Comparison Rate* 3.04 % p.a | Company Promoted | Save by switching $59,055 total savings | Repayment $1,733 monthly | Total estimated upfront fees $150 | Go to site | Bundle your home loan and credit card with the advantage package and enjoy discounts on selected rates, fees and insurance. More details | ||
Advertised Rate 2.04 % p.a Fixed - 2 years | Comparison Rate* 2.60 % p.a | Company Promoted | Save by switching $86,181 total savings | Repayment $1,703 monthly | Total estimated upfront fees $330 | Go to site | Apply online for this low fixed rate. Pay no ongoing fees, enjoy extra repayments and free redraws, plus the option to add an offset account for $10/month. More details | |||
Advertised Rate 1.79 % p.a Variable | Comparison Rate* 1.84 % p.a | Company | Save by switching $110,757 total savings | Repayment $1,655 monthly | Total estimated upfront fees $910 | Go to site | More details | |||
Advertised Rate 1.79 % p.a Fixed - 1 year | Comparison Rate* 2.06 % p.a | Company | Save by switching $94,623 total savings | Repayment $1,655 monthly | Total estimated upfront fees $0 | Go to site | More details | |||
Advertised Rate 1.79 % p.a Fixed - 2 years | Comparison Rate* 2.16 % p.a | Company | Save by switching $93,390 total savings | Repayment $1,655 monthly | Total estimated upfront fees $515 | Go to site | More details | |||
Advertised Rate 1.79 % p.a Fixed - 2 years | Comparison Rate* 3.35 % p.a | Company | Save by switching $13,461 total savings | Repayment $1,655 monthly | Total estimated upfront fees $0 | Go to site | More details | |||
Product | Advertised Rate 1.84 % p.a Fixed - 1 year | Comparison Rate* 2.01 % p.a | Company | Save by switching $99,819 total savings | Repayment $1,664 monthly | Total estimated upfront fees $785 | Go to site | More details | ||
Advertised Rate 1.84 % p.a Fixed - 2 years | Comparison Rate* 3.73 % p.a | Company | Save by switching | Repayment $1,664 monthly | Total estimated upfront fees $299 | Go to site | More details |
^How did we work out the savings?
- These savings are the estimated difference between the total repayments on a home owner occupier loan of $400,000 (or the loan amount that you have entered), using either the average big 4 advertised owner occupier discounted variable rate or the rate that you have entered and the advertised rates for the different products shown in the table for an LVR of 80%.
- These savings are estimates only – they are not predictions. These estimates are intended to help you compare home loans, though you should always do your own research and consider seeking professional financial advice before applying for a home loan.
- To keep our calculations consistent, we have used the following assumptions when estimating your savings:
- Interest rates: We have used the average big 4 owner occupier advertised discounted variable rate of 3.60% (LVR 80%), unless you have inserted your own rate, switching to the advertised interest rates shown for the different products in the table in our calculations. These calculations assume this interest rate will apply for the entire loan term. However variable interest rates may rise or fall over the course of your mortgage and affect the cost of your loan. Calculations are based home loan rates data as on 10/03/2021.
- Loan: We have assumed you are a new customer looking for a 25 year owner-occupied home loan with monthly principal and interest repayments and a loan amount of $400,000.
- Payments: We have assumed you’ll maintain these minimum repayments, and won’t make extra repayments, pay out the loan early, or refinance.
- Fees: We have not included any fees in our savings assumptions. These may include upfront fees, ongoing fees, break costs or other miscellaneous fees.
Mark Bristow
Personal Finance Editor
Mark Bristow is a RateCity's Home & Personal Finances Editor, and an experienced analyst, researcher, and producer. Working for over ten years, Mark previously wrote and researched commercial real estate at CoreLogic, and has seen articles published at Lifehacker and Business Insider, among others. Most recently, Mark has joined RateCity working across finance as a whole. Whatever the topic, Mark’s goal is always to provide simple solutions to complex problems.