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| Metric | Loan 1 | Loan 2 |
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This calculator compares two different loan options side-by-side, showing monthly repayments, total costs, and total interest paid.
Includes upfront fees in the comparison for a complete picture of the true cost.
Don't just compare interest rates—consider setup fees, ongoing fees, and the total cost over the loan life to find the best deal.
Important Disclaimer & Assumptions
Assumptions: Assumes fixed interest rates for both loans over the full term. Does not account for rate changes, offset accounts, redraw facilities, or package discounts that may affect the true cost of each loan.
General Disclaimer: This calculator is provided by Mortgage & Finance Advisory (Credit Representative 575841 of Connective Credit Services Pty Ltd, Australian Credit Licence 389328) for illustrative and educational purposes only. Results are estimates based on the information you provide and the assumptions listed above. They do not constitute financial advice, a loan offer, or a guarantee of any outcome.
Actual loan terms, interest rates, fees, government charges, and eligibility criteria will vary between lenders and depend on your individual circumstances. Interest rates used are for comparison purposes only and may not reflect current market rates.
We recommend seeking independent financial, legal, and tax advice before making any financial decisions. For personalised advice tailored to your situation, please book a free strategy call with our team.
© 2026 Mortgage & Finance Advisory. All rights reserved. ABN: 90 732 203 952 | Credit Representative 575841 of Connective Credit Services Pty Ltd, Australian Credit Licence 389328
Look beyond just the interest rate. Compare the comparison rate (which includes fees), ongoing fees, offset account features, redraw facilities, and flexibility for extra repayments. The cheapest rate isn't always the best overall value.
A comparison rate is a standardised rate that includes both the interest rate and most fees and charges related to a loan. It helps you compare the true cost of different home loans on a like-for-like basis, as required by Australian law.
Neither is universally better. Fixed rates offer repayment certainty but less flexibility. Variable rates move with the market but allow features like offset accounts and unlimited extra repayments. Many borrowers split their loan between both.
