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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.
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Lender % p.a CCR % Fees
MyRate 5.42 5.42 $0*
CBA 6.15 6.29 $600
St. George 6.24 6.56 $700
Westpac 6.26 6.39 $600
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MyRate Update
Friday 17th May 2013

In line with the recent RBA rate cut, we are pleased to advise that our funder has reduced the rate on all variable rate loans by 0.25% effective the 17th of May 2013.

Our website is already reflecting these changes.

Did you know that MyRate can offer a 97% LVR on purchases including capitalised LMI? Enquire now to find out more.

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