Compare most affordable mortgages australia

Find home loans from a wide range of Australian lenders that best suit your needs, whether you're investing, refinancing or looking to buy your first home. Compare interest rates, mortgage repayments, fees and more. - Data last updated on 25 Jun 2018

Compare most affordable mortgages australia

Promoted
Discount Offer Variable Home Loan ($200k-$700k)Rewards$1000 offer: Apply for a UHomeLoan of $200,000 or more (excl amounts to refinance a UBank loan) by 6 Aug 2018, & settle by 28 Sept 2018. You must have a USaver before settlement and until the $1000 is paid. Other T&C apply.
Advertised rate
3.69%
Variable
Comparison rate*
3.69%
Monthly repayment
$1,149
Real Time Rating™

4.78 / 5

Compare
Promoted
Low Rate Home Loan with Offset (Principal and Interest) (LVR < 80%)
Advertised rate
3.64%
Variable
Comparison rate*
3.67%
Monthly repayment
$1,142
Real Time Rating™

4.88 / 5

Compare
Promoted
Discount Variable Home Loan ($150k+) (LVR < 80%)
Advertised rate
3.69%
Variable
Comparison rate*
3.74%
Monthly repayment
$1,149
Real Time Rating™

4.72 / 5

Compare
Basic Home Loan Special (LVR < 80%)SpecialEstablishment fee waived for Variable Basic Home Loans until 30 June 2018.
Advertised rate
3.65%
Variable
Comparison rate*
3.66%
Monthly repayment
$1,144
Real Time Rating™

4.8 / 5

Compare
Advantage Home Loan (PAYG Special No Offset) (LVR<80%)
Advertised rate
3.64%
Variable
Comparison rate*
3.67%
Monthly repayment
$1,142
Real Time Rating™

4.78 / 5

Compare
First Rate Home Loan (LVR < 80%)
Advertised rate
3.64%
Variable
Comparison rate*
3.69%
Monthly repayment
$1,142
Real Time Rating™

4.77 / 5

Compare
Select Basic Home Loan (Principal and Interest) (Amounts < $500k, LVR < 80%)
Advertised rate
3.69%
Variable
Comparison rate*
3.70%
Monthly repayment
$1,149
Real Time Rating™

4.76 / 5

Compare
Premier Standard Variable Home LoanSpecialAvailable on new Premier home loan borrowings from $50,000 when applying by 31 July 2018
Advertised rate
3.69%
Variable
Comparison rate*
3.70%
Monthly repayment
$1,149
Real Time Rating™

4.59 / 5

Compare
Basic Variable Rate Home Loan
Advertised rate
3.77%
Variable
Comparison rate*
3.81%
Monthly repayment
$1,161
Real Time Rating™

4.53 / 5

Compare
First Home Buyer Loan - 40 Year Term
Advertised rate
3.77%
Variable
Comparison rate*
3.81%
Monthly repayment
$1,161
Real Time Rating™

4.53 / 5

Compare
OMG Home Loan (Principal and Interest)
Advertised rate
3.79%
Variable
Comparison rate*
3.83%
Monthly repayment
$1,163
Real Time Rating™

4.55 / 5

Compare
Discount Variable Home Loan ($150k+) (LVR 80%-90%)
Advertised rate
3.79%
Variable
Comparison rate*
3.84%
Monthly repayment
$1,163
Real Time Rating™

4.56 / 5

Compare
Low Rate Home Loan with Offset (Principal and Interest) (LVR 80%-90%)
Advertised rate
3.84%
Variable
Comparison rate*
3.87%
Monthly repayment
$1,171
Real Time Rating™

4.61 / 5

Compare
Basic Home Loan (LVR < 80%)SpecialEstablishment fee waived for Variable Basic Home Loans until 30 June 2018.
Advertised rate
3.86%
Variable
Comparison rate*
3.87%
Monthly repayment
$1,173
Real Time Rating™

4.54 / 5

Compare
Rate Buster High Lend Variable Investment Loan (Principal and Interest)CashbackCashback Offer: $750 for loans under $500,000 or $1,500 for loans over $500,000
Advertised rate
3.89%
Variable
Comparison rate*
3.89%
Monthly repayment
$1,178
Real Time Rating™

4.53 / 5

Compare
IQ Basic Investment Loan (Principal and Interest) (LVR < 70%)
Advertised rate
3.89%
Variable
Comparison rate*
3.90%
Monthly repayment
$1,178
Real Time Rating™

4.42 / 5

Compare
Discount Variable Home Loan ($150k+) (LVR 90%-95%)
Advertised rate
3.89%
Variable
Comparison rate*
3.94%
Monthly repayment
$1,178
Real Time Rating™

4.4 / 5

Compare
Discount Offer for Investor Variable P&I RateRewards$1000 offer: Apply for a UHomeLoan of $200,000 or more (excl amounts to refinance a UBank loan) by 6 Aug 2018, & settle by 28 Sept 2018. You must have a USaver before settlement and until the $1000 is paid. Other T&C apply.
Advertised rate
3.99%
Variable
Comparison rate*
3.99%
Monthly repayment
$1,192
Real Time Rating™

4.34 / 5

Compare
Extra Home Loan (Principal and Interest)
Advertised rate
3.99%
Variable
Comparison rate*
4.00%
Monthly repayment
$1,192
Real Time Rating™

4.41 / 5

Compare
UHomeLoan Fixed (Principal and Interest) 3 Years
Advertised rate
3.74%
Fixed - 3 years
Comparison rate*
4.01%
Monthly repayment
$1,156
Real Time Rating™

4.28 / 5

Compare
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Most affordable mortgages Australia* 

When you are planning to apply for a home loan, whether it is for the first time or you are upsizing or having to move for work, the first issue you need to consider is how affordable the loan will be. This may seem obvious but you need to put your overall budget together very carefully so that you don't get an unpleasant surprise in the months and years to come. The cost of your mortgage repayments need to be set in the context of all your other outgoings, and then you are ready to look for the most affordable mortgages Australia.

What are most affordable mortgages in Australia? 

There are a wide variety of mortgages available in Australia and your financial circumstances will dictate how much you will be able to afford. It's easy to think of your mortgage outgoings as the only expense you will have in terms of your home loan but there are many other considerations. When you start your search be aware that some lenders my charge an upfront application fee, so as well as the deposit you put down you may need to free up some extra money at the beginning of the agreement. Legal fees and valuation can add many hundreds of dollars onto you bill.

How do most affordable mortgages Australia compare to other products? 

Lenders of home loans operate in a very competitive market, so not only do they want to get you on their books they want to make sure you stay with them. To that end you should take time to compare mortgage options and evaluate what you consider is your best, most affordable way to move forward. You may be offered fixed or variable rate loans, as well as those with introductory rates, so that your first few months or years of repayments are made more affordable.

What are the main features of most affordable mortgages Australia? 

The home loan products available to Australian homebuyers are very wide-ranging. A fixed interest rate for a set period means you know exactly what you will pay every month, whereas with a variable rate you are at the mercy of interest rate movements. You could benefit or you could find yourself having to pay more. If you have some spare cash, a number of providers offer offset accounts linked to your mortgage, which can bring down the amount of interest you pay on the principal loan if the account is in credit.

Are there risks to consider?

Any mortgage has its risks, and the most essential thing to do is to make sure yours is affordable and that you make your repayments on time. By planning your budgeting carefully you should be able to pay off your loan without any problems, though of course another risk is a change for the worse in your financial circumstances that could affect your ability to pay. If this did happen you should talk to your lender about how best to deal with the situation.

*No home loan is one size fits all. The most affordable home loan for you will not be the most afforable home loan for someone else. As a result, it's worth getting advice on whether a product is right for you before committing. The term ‘most affordable’ 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.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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