Loan Comparison Calculator
Loan A
Loan B
Loan Balance Comparison
Summary
Loan A Total Interest: $
Loan B Total Interest: $
Interest Saved: $
Compare Live Home Loan Rates
Below are live rates from Australian lenders. Updated automatically.
Frequently Asked Questions
Compare total interest paid over the full term (not just monthly repayment), the comparison rate including fees, flexibility features (offset, redraw, extra repayments), and any break costs if fixed. Our calculator shows total cost side-by-side.
Total cost of credit — all repayments minus the principal — is the true cost. A loan with a lower rate but higher fees may cost more over its life than one with a slightly higher rate and no fees. The comparison rate helps capture this.
On a $500,000 loan over 30 years, a 0.5% rate reduction saves approximately $55,000 in total interest. Even 0.25% saves around $27,000. Use the calculator to see the savings for your specific loan balance and term.