Compare Fixed Rate vs Variable Rate
This calculator can help you make an informed decision about fixing your loan , so you can see the difference in savings between a Fixed Loan and a Standard Variable Loan.
It compares the total cost of a MyRate Fixed loan vs. a MyRate Selective home loan.
Please note that after a Fixed Rate term expires, you have the choice of renewing your loan with another Fixed Rate for a set period, or reverting to a Variable Rate loan.
At the time of converting, your interest rate will be the same as the interest rate for customers that obtained a Standard Variable Loan at the time you first obtained your MyRate Fixed Loan.