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Compare Home Loans - MyRate vs the rest
How much are you losing by overpaying on your home loan interest rate? The loss over the life of your loan
can be staggering, use our calculator to do a quick estimate.
The information presented is current and was sourced from InfoChoice.
Please note that this is a limited comparison showing some popular lenders only. Some lenders may
advertise a reference rate to which customer rates are discounted against whilst other lenders may
show their actual rate for new borrowers. Lenders may also vary their rates on different dates
in response to RBA changes or in line with general market conditions and as such, some rates
shown may reflect recent adjustments whilst others may not. Rates may change for different
products at any time and by different amounts and as such, there is no guarantee that a product
that is cheaper now will be so in the future. The products compared are not all structured the
same in terms of features, fees, charges and funding and you should confirm all product
details with each lender.
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Interest rate comparison chart^ |
|
Institution 
(mouse over for product name) |
Variable
rate (p.a.) |
Comparison
rate# (p.a.) |
Est. Monthly repayment |
Annual loss |
30 yr loss from staying with this lender |
| |
| MyRate |
5.42% |
5.42% |
$1,688.34 |
|
|
| RAMS |
6.10% |
6.17% |
$1,817.98 |
-$1,555.74 |
-$46,672.10 |
| Nab |
6.13% |
6.22% |
$1,823.80 |
-$1,625.55 |
-$48,766.36 |
| ANZ |
6.13% |
6.23% |
$1,823.80 |
-$1,625.55 |
-$48,766.36 |
| BankWest |
6.14% |
6.19% |
$1,825.74 |
-$1,648.84 |
-$49,465.09 |
| Commonwealth |
6.15% |
6.29% |
$1,827.68 |
-$1,672.14 |
-$50,164.14 |
| St. George |
6.24% |
6.56% |
$1,845.20 |
-$1,882.34 |
-$56,470.05 |
| Westpac |
6.26% |
6.39% |
$1,849.10 |
-$1,929.16 |
-$57,874.88 |
| HSBC |
6.45% |
6.51% |
$1,886.35 |
-$2,376.13 |
-$71,283.76 |
| Your current lender |
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$1,886.35 |
-$2,376.13 |
-$71,283.76 |
Fees comparison chart^
Institution
(mouse over for product name) |
Application |
Valuation |
Settlement |
Total Upfront Fees Loss |
Fee/
Redraw |
Ongoing
Service fee |
30 yr fee loss from staying with this lender |
| |
| MyRate |
$0* |
$0* |
$0* |
$0* |
$0* |
$0* |
|
| RAMS |
$595 |
|
$275 |
-$870 |
|
|
-$870 |
| Nab |
$600 |
|
|
-$600 |
|
$8/mth |
-$3,480 |
| ANZ |
$600 |
|
|
-$600 |
|
$5/mth |
-$2,400 |
| BankWest |
$695 |
|
$60 |
-$755 |
$50 |
|
-$755 |
| Commonwealth |
$600 |
|
|
-$600 |
$5 |
$8/mth |
-$3,480 |
| St. George |
$600 |
|
$100 |
-$700 |
$25 |
$10/mth |
-$4,300 |
| Westpac |
$600 |
|
|
-$600 |
|
$8/mth |
-$3,480 |
| HSBC |
$600 |
|
$150 |
-$750 |
$20 |
|
-$750 |
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