Compare and refinance
Comparison Rate Calculator
Turn an interest rate plus its fees into one comparison rate, the way lenders are required to show it.
$
Lenders publish comparison rates on $150,000 over 25 years.
years
Interest rates
% p.a.
months
Use 0 if there is no introductory rate.
% p.a.
Fees
$
$
Ongoing fees charged
$
Comparison rate
6.602%
Compared with a headline rate of 5.99% for 12 months, then 6.50%.
- Monthly repayment, introductory period
- $965.54
- Monthly repayment after that
- $1,011.46
- Total interest
- $152,886
- Total fees
- $3,950
- Total repayments and fees
- $306,836
How this calculator works
- The comparison rate is the rate at which your repayments and fees equal the amount you borrowed.
- Upfront fees are paid at the start, ongoing fees monthly and the end fee with the final repayment.
- As with published comparison rates, government charges, lenders mortgage insurance and fees that may not occur are excluded.
- Published comparison rates for secured loans use $150,000 over 25 years. Your own loan amount may give a different result.
Results are general estimates only and are not credit, tax or financial advice. They do not take your objectives, financial situation or needs into account. Check the figures with a licensed professional before making a decision.
Related calculators
- Loan Comparison CalculatorCompare two home loans side by side, including fees and intro rates.
- Introductory Rate Loan CalculatorCalculate what happens to your loan with an introductory or 'honeymoon' rate.
- Mortgage Switching CalculatorSee what it costs to move your loan to a new lender and what you could save.
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