Find the constraint and grow past it
Home, investment and commercial loans
Each page shows how our accounting, bookkeeping, loans and advice fit together for that industry.
Lender policies and LMI waivers for your profession.
Xero Platinum Partner
1,000+ clients helpedShehan’s story →
Home loan comparison calculator
Compare two home loans side by side, including fees, to see which is really cheaper over the life of the loan.
In short: The lowest advertised rate isn't always the cheapest loan. On $600,000 over 30 years, a 0.2% lower rate saves about $79 a month, which can outweigh a $395 annual fee, but not always. Compare total cost, not just the rate.
How it works
Rate vs fees
A package loan with an annual fee often comes with a lower rate and an offset account. Whether it's worth it depends on your loan size: the bigger the loan, the more a small rate cut is worth.
What the comparison rate misses
The advertised comparison rate is based on a $150,000 loan over 25 years. On a $600,000 loan, fees matter far less than the rate, so run your own numbers.
FAQ
Common questions
Is a lower interest rate always better?
Not always. Upfront and ongoing fees can cancel out a small rate difference, especially on smaller loans. Compare the total cost over the term.
What is a comparison rate?
A rate that adds most fees to the interest rate, calculated on a standard $150,000 loan over 25 years. It's useful but doesn't reflect your loan size.
Should I pay an annual package fee?
Often yes on larger loans, if it gets you a lower rate and an offset account. On smaller loans, a basic loan with no fees can be cheaper.
Can a broker find better loans than these?
We compare 60+ lenders, including some you won't find on comparison sites, and look at policy fit as well as price.
Home Loans & Property
Read before you decide
General information only. These calculators give estimates based on the figures you enter and published rates, and don't consider your objectives, financial situation or needs. They're not a quote, credit assessment or tax advice. Elephant Financial Pty Ltd trading as Elephant Advisory is an authorised credit representative (ACR 487962) of Yellow Brick Road Aggregation Pty Ltd, Australian Credit Licence 390261.
