Compare home loan rates by your scenario

Compare Australian home loan rates using the same loan amount, loan-to-value ratio, property location, loan purpose and repayment type. Use the same fixed period when comparing fixed offers. For the final cost comparison, ask lenders for Key Fact Sheets using the same loan term and repayment frequency.

Compare rates for the same loan

For a $500,000 loan on a home valued at $625,000, the loan-to-value ratio (LVR) is 80%. Use the same inputs to open variable rates or select a fixed period.

The rate table uses JavaScript to apply your selections. Results are a starting point for checking product conditions with the lender.

Browse the national home loan rate table · Compare mortgage refinance rates

Need a dated advertised-sample average? See the Australian home loan rate index, or see when a lower interest rate comes with a higher comparison rate. If you stay on a current loan and want to model additional payments, use the extra repayments calculator.

How to compare two home loans

Match the loan amount, term, purpose and repayment type so the offers are comparable.
Request Key Fact Sheets for the same amount and loan term. Compare the personalised comparison rate, fees and repayments.
For a refinance, include the costs of leaving your current loan and setting up the new one.
Use the calculator below with your own written offers, then confirm the details with each lender.

Advertised comparison rates use a standard example. Check fixed-rate break costs, what rate applies when a fixed or introductory period ends, and whether an offset account has a fee.

Choose a calculator for your home loan quotes

Use the advertised rate table to shortlist loans. Once you have written quotes for the same loan amount and term, choose the calculation that answers your question.

Compare two written offers
Enter both rates and fees to see which offer costs less at each month you might leave or refinance.
Find the fixed versus variable break-even rate
Use the fixed period and both quotes' fees to calculate the average variable rate at which the two options cost the same.
Check whether an offset covers its extra cost
Compare a full-offset loan with a basic loan to estimate the average cash balance you would need to cover the difference in interest and fees.
Calculate the repayment when interest-only ends
Use the remaining balance and term to separate the effect of starting principal repayments from the effect of a rate change.

When can a lower interest rate make up for higher upfront fees?

In this hypothetical example, the lower-rate loan first costs less at month 16. Both offers use a $500,000 principal-and-interest loan over 30 years. Offer A has 6.00% p.a. interest and a $1,600 upfront fee. Offer B has 6.25% p.a. interest and no upfront fee. Neither has ongoing fees, and both rates stay constant.

Enter your written offers to see each month through your chosen end date. If you may sell or refinance, check the lender’s actual exit fees and any annual fee due dates. See ASIC Moneysmart’s switching checklist.

Compare the cost of two home loan offers

Enter your own rates and fees to compare two principal-and-interest loans over the same period. This illustration is not a lender quote or approval.

Same loan and comparison period

Loan amount ($)

Use the same borrowed amount for both offers; enter dollars and cents.

Loan term (months)

For example, 30 years is 360 months.

Time to compare (months)

Must be no longer than the loan term.

Offer A

Offer A interest rate (% p.a.)

Enter the annual interest rate, not the comparison rate; use up to eight decimal places.

Offer A upfront fees ($)

Enter fees paid separately at the start in dollars and cents; enter 0 if none.

Offer A ongoing fees per month ($)

Enter monthly fees plus any annual package fee divided by 12; enter 0 if none.

Offer B

Offer B interest rate (% p.a.)

Enter the annual interest rate, not the comparison rate; use up to eight decimal places.

Offer B upfront fees ($)

Enter fees paid separately at the start in dollars and cents; enter 0 if none.

Offer B ongoing fees per month ($)

Enter monthly fees plus any annual package fee divided by 12; enter 0 if none.

Model limits: This uses constant annual interest rates and monthly amortisation; it does not model a fixed-rate expiry or an interest-rate reset. Fees are paid separately. Ongoing fees are assumed unchanged and charged monthly. Include any annual package fee as a monthly equivalent; this does not model its actual annual due date. Fees not entered, including package, exit and break fees, are excluded. The model also excludes offsets, redraw, extra repayments, rate changes, fee changes, refunds, cashback and taxes. Lenders may calculate interest daily and charge fees differently. Compare actual lender quotes and eligibility. This is not the statutory comparison rate, which uses a standard $150,000 loan over 25 years.

Compare rates by loan scenario

Choose a fixed term or stay variable

Compare fixed terms for the same loan type, then check how the loan may change when the fixed period ends. Browse fixed home loan rates.

Compare loans for your deposit size

Use the lender valuation and your loan amount to find the relevant loan-to-value tier. Calculate your loan-to-value ratio.

Choose a repayment type

Separate owner-occupier from investor loans, and compare principal-and-interest terms with interest-only terms. Compare interest-only home loan rates.

Compare loan features and incentives

Check the ongoing rate and fees before weighing offset, redraw, extra payments or a one-off cashback. Browse home loans by feature.

Compare refinancing from your current rate

Choose the scenario closest to your current rate, then compare switching costs with the potential interest saving. Browse refinance home loan rates.

Frequently asked questions

Where can I compare home loan rates in Australia?

Use the Ratesniffers comparison selector to set your loan amount, loan-to-value ratio, purpose and repayment type. Open a filtered variable or fixed rate table, or pick an existing scenario below.

Where can I compare mortgage refinance rates in Australia?

Compare mortgage refinance rates in Australia on Ratesniffers' /home-loans/refinance hub, or open a refinance-from-rate scenario under /compare (for example refinance from 7%, 6.5% or 6%). Product rates alone do not confirm switching eligibility; model exit and setup costs before you apply.

How do I compare home loans on the same terms?

What's the difference between the interest rate and the comparison rate?

The interest rate is what the lender charges before fees. A comparison rate combines the interest rate with certain fees using a standard example. It helps compare products, but the cost of your own loan can differ.

When can a lower interest rate make up for higher upfront fees?

Which calculator should I use to compare written home loan quotes?

Use the two-offer calculator for borrowing costs over the same period. For a fixed and variable quote, use the fixed-versus-variable break-even calculator. Use the offset calculator to estimate the cash balance needed to cover an offset loan's extra cost, or the interest-only expiry calculator to estimate repayments when principal repayments begin.

How many home loan scenarios can I compare here?

Explore 19 borrower scenarios below, spanning fixed versus variable terms, deposit tiers, refinancing and investor loans. Each page explains its scope and the conditions to check.

How often do these scenario comparisons update?

Comparison pages show the relevant source date and scope. Rates and availability can change, so confirm current rates, fees and eligibility with the lender.