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Comparison Rate Calculator

 

 
   
             
  Comparison Rate and Total Cost Calculator  
 

Compares the real cost of two loans over a set period. It compares the  total cost, actual annual interest rate (AAPR), comparison rate and cost per year between two loans for up to 30 years

 
 
  Loan Details Loan 1   Loan 2  
     
  Loan amount    
  Years      
  Fixed or Intro term in Months    
  Fixed or Intro Rate    
  Standard rate    
           
  Fees          
         
  Application fee    
  Monthly fee    
  Annual fee    
  Discharge/exit fees    
  Total Fees      
           
           
           
  Loan Summary        
  Intro monthly Repayment    
  Ongoing Payments    
  Real Interest Rate    
  Interest Paid    
  Total Cost      
           
  Year Cost   Loan 1   Loan 2  
  Year   Total Cost   Total Cost  
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Get one of our professional mortgage consultants to help you compare hundreds of loans in lees than a minute and find the most suitable for your lending needs.

 

Call 1300 726 136  for a quick answer or complete a mortgage quote form

 

 

WARNING:  This AAPR / Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

 

This is an estimate only. It is provided for illustrative purposes only and is based on the accuracy of information provided. It does not constitute a quote. Results are based on amortised scheduled repayments and, once any discount or fixed rate period expires, applies the current variable rate for the remainder of the loan term. All applications for credit are subject to lenders normal credit approval criteria.

 

This calculator assumes the following; interest rate remains unchanged over the term of the loan,  the minimum repayments are made term the life of the loan and the frequency in repayments do not change.

 

 

 


 

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