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.
Advertised Rate  1.85 % p.a Intro 24 months | Comparison Rate* 2.21 % p.a | Company Promoted | Save by switching $87,330 total savings | Repayment $1,745 monthly | Total estimated upfront fees 520 | Real Time Rating™ | Go to site |  Buyers and refinancers can benefit from this special discounted rate, plus no ongoing fees and optional access to an offset account. More details | Highlighted | ||
Advertised Rate 2.29 % p.a Fixed - 2 years | Comparison Rate* 3.46 % p.a | Company Promoted | Save by switching $34,389 total savings | Repayment $1,752 monthly | Total estimated upfront fees 100 | Real Time Rating™ | Go to site | Cashback Refinance and get $3000 for new Owner Occupier (Principal & Interest) and Residential Investment loans. Apply by 30th November 2021 and settle by 28th February 2022. Terms and conditions apply.* | Lock in a discounted rate for two years and bundle your loan with a credit card and a transaction account. More details | ||
Product | Advertised Rate 1.79 % p.a Fixed - 2 years | Comparison Rate* 3.73 % p.a | Company Promoted | Save by switching $14,010 total savings | Repayment $1,655 monthly | Total estimated upfront fees 0 | Real Time Rating™ | Go to site | Set a low rate for two years, make up to $25,000 in extra repayment with the option of redraw, and enjoy a low rate credit card with a waived annual fee. More details | ||
Advertised Rate 1.89 % p.a Variable | Comparison Rate* 1.89 % p.a | Company Promoted | Save by switching $104,979 total savings | Repayment $1,674 monthly | Total estimated upfront fees 0 | Real Time Rating™ | Go to site | Do you have 40% deposit or equity available? Pay no ongoing fees and enjoy access to extra repayments and a redraw facility for your owner-occupied home loan. More details | |||
Product | Advertised Rate 1.77 % p.a Variable | Comparison Rate* 2.09 % p.a | Company Promoted | Save by switching $111,906 total savings | Repayment $1,651 monthly | Total estimated upfront fees 697 | Real Time Rating™ | Go to site | Cashback Get between $1000 to $2000 in cashback for loans > $250k | More details | |
Advertised Rate 1.79 % p.a Fixed - 1 year | Comparison Rate* 2.06 % p.a | Company Promoted | Save by switching $94,623 total savings | Repayment $1,655 monthly | Total estimated upfront fees 0 | Real Time Rating™ | Go to site | More details | |||
Advertised Rate 1.79 % p.a Fixed - 1 year | Comparison Rate* 2.18 % p.a | Company Promoted | Save by switching $89,175 total savings | Repayment $1,655 monthly | Total estimated upfront fees 0 | Real Time Rating™ | Go to site | More details | |||
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 | Real Time Rating™ | Go to site | More details | |||
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 | Real Time Rating™ | Go to site | More details | |||
Product | Advertised Rate 1.99 % p.a Variable | Comparison Rate* 2.02 % p.a | Company Promoted | Save by switching $99,162 total savings | Repayment $1,693 monthly | Total estimated upfront fees 530 | Real Time Rating™ | Go to site | special Yard’s low-rate variable special home loan ~ Ends in 2 months | 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 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.