Skip to content

Buying a home

Loan comparison calculator.

A package fee can quietly undo a sharper rate. This compares the real annual cost of both.

  • 01Former commercial bankers
  • 02Access to 100+ lenders
  • 03A director on every file
  • 04A reply within one business day
$
years

Loan A

% p.a.
$

Loan B

% p.a.
$

Loan B costs less

$2,160

Difference in total cost over the first year, including fees. A lower rate with a package fee isn't always the cheaper loan.

Loan A monthly repayment
$4,019
Loan B monthly repayment
$3,872
Loan A first-year cost (incl. fees)
$48,624
Loan B first-year cost (incl. fees)
$46,464
Difference over 5 years
$10,798

What could change this figure

  • Whether the package fee buys an offset, credit card or fee waivers you'd actually use
  • Introductory rates that revert after 12 or 24 months
  • Whether either lender charges valuation, settlement or discharge fees
  • Redraw and extra repayment limits

This is an estimate only, based on the figures you have entered and simplified assumptions. It is not credit advice, an offer of credit, or an indication that any lender will approve a loan. Comparison rate obligations apply to advertised credit products. This tool is a general cost comparison, not a comparison rate.

Talk to a directorRefinance savings calculator
Or call 0475 024 328
How this is calculated
  • Both loans are compared over the same amount and term at a constant rate.
  • Annual fees are added to the yearly cost; upfront and discharge fees are not included.
  • This is a general cost comparison, not a regulated comparison rate.

Free guide

The Fifteen Minute Refinance Review

What staying put is really costing you

  • How to check your rate against what's actually available now
  • The real cost of switching, and when it isn't worth it
  • Structuring an offset properly instead of just chasing a rate
  • Consolidating debt without quietly resetting the clock

Where should we send it?

We'll send the guide and occasional useful updates. Unsubscribe anytime.

Next steps

More calculators

Borrowing powerLoan repaymentsStamp dutyTotal upfront costsDepositLVRRefinance savingsOffset account

Let's get you to the right place

A few quick questions. No obligation, no pressure.

Tell us a little about your situation and we will point you straight to a call or a message, whichever gets you moving fastest.

Question 1 of 4

What are you looking to sort out?

Stay informed

Not ready to talk yet? Get our updates instead.

One useful email a month on rates and lending. No spam, ever.