Comparing home loan rates to find the right option for you
Everyone with a mortgage wants to know they’re making the right choice for their situation. Our home loan rate comparison calculator can help you to weigh up your current home loan against other potential options.
- Enter into the calculator your current loan amount, conditions of your mortgage including interest rate, whether there is a fixed rate period and fees required for the loan.
- Then use the adjacent side to fill in the loan details of another lender.
- The calculator will provide you with an estimated comparison of monthly repayments and the total loan repayment amount for your current lender and another.
While this calculator is not a comprehensive comparison, it can give you a good indication of comparative repayments and total interest paid over the life of your loan.
Remember to take into account the upfront fees and discharge fees as these can have a big impact on your decision. In switching loans, refinancing or changing your mortgage agreement, there can also be cancellation fees or loss of Lenders Mortgage Insurance.
A Mortgage Choice broker can help you to explore your options by comparing hundreds of loans from more than 20 different lenders. Talk to us to today to find the right home loan for your needs.