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 Advantage 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.
Due to popular demand, we have enabled free access to this calculator should you wish to include it on your website.
Click here to get the codes.
Your device does not support Adobe Flash, please use our complete home loan calculator below:
Complete Home Loan/Pre Approval Calculator
Calculate:
- How much you can borrow, i.e. your borrowing power/borrowing capacity
- Your loan repayments
- A stamp duty estimate
- Indicative savings from choosing/switching to MyRate
- Lenders Mortgage Insurance (LMI) estimate
If you are looking for a lump sum or extra repayments calculator, please revisit our site from a Flash enabled device.
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