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Home Loan Rate Checker
HOW IT WORKS - Enter your loan amount, property value and current interest rate. Then hit calculate to compare some of Australia's most competitive refinancing home loans. It's that simple.
^How did we work out the savings?
For Owner Occupier
The save by switching^ amount listed in the table above is the estimated difference in total repayments on an owner occupier loan of $500,000 (or the loan amount that you have entered above the table) between:
- a loan with the interest rate listed in the selector above the table, and
- a loan with the advertised rate for each product in the table.
If you have not entered an interest rate above the table, the interest rate used is today’s average big 4 owner occupier discounted variable rate. The products in the table have a maximum LVR of 60%.
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:
o Interest rates: We have used today’s average big 4 owner occupier advertised discounted variable rate (LVR 60%), 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.
o 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 $500,000 (until a new amount is entered).
o Payments: We have assumed you’ll maintain these minimum repayments, and won’t make extra repayments, pay out the loan early, or refinance.
o Fees: We have not included any fees in our savings assumptions. Note that fees and charges are payable. These may include upfront fees, ongoing fees, break costs or other miscellaneous fees.
For Investors
The save by switching^ amount listed in the table above is the estimated difference in the total repayments on an investor home loan of $500,000 (or the loan amount that you have entered above the table) between:
- a loan with the interest rate listed in the selector above the table, and
- a loan with the advertised rate for each product in the table.
If you have not entered an interest rate above the table, the interest rate used is today’s average big 4 investor discounted variable rate. The products in the table have a maximum LVR of 60%.
These default 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:
o Interest rates: We have used today’s average big 4 investor advertised discounted variable rate (LVR 60%), 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.
o Loan: We have assumed you are a new customer looking for a 25 year investor home loan with monthly principal and interest repayments and a loan amount of $500,000 (until a new amount is entered).
o Payments: We have assumed you’ll maintain these minimum repayments, and won’t make extra repayments, pay out the loan early, or refinance.
o Fees: We have not included any fees in our savings assumptions. These may include upfront fees, ongoing fees, break costs or other miscellaneous fees.
