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Compare Home Loans - MyRate vs the rest
See how we stack up against competing lenders. Use the table below to compare
interest rates, fees and total savings over the life of your loan.
|
Institution
(mouse over for product name) |
Variable
rate (p.a.) |
Comparison
rate# (p.a.) |
Est. Monthly repayment |
Annual savings |
25 yr
Savings with a MyRate loan |
| |
| MyRate |
6.63%
|
6.63%
|
$2,050.06
|
|
|
| HSBC |
6.84%
|
6.97%
|
$2,089.82
|
$477.09
|
$11,927.16
|
| Aussie Home Loans |
7.19%
|
7.24%
|
$2,156.84
|
$1,281.35
|
$32,033.67
|
| RAMS |
7.23%
|
7.30%
|
$2,164.56
|
$1,373.98
|
$34,349.39
|
| Nab |
7.24%
|
7.37%
|
$2,166.49
|
$1,397.16
|
$34,928.89
|
| BankWest |
7.30%
|
7.51%
|
$2,178.09
|
$1,536.42
|
$38,410.61
|
| Commonwealth |
7.36%
|
7.49%
|
$2,189.73
|
$1,676.02
|
$41,900.41
|
| ANZ |
7.41%
|
7.51%
|
$2,199.44
|
$1,792.59
|
$44,814.73
|
| St. George |
7.43%
|
7.59%
|
$2,203.33
|
$1,839.28
|
$45,982.01
|
| Westpac |
7.51%
|
7.64%
|
$2,218.93
|
$2,026.40
|
$50,660.02
|
Fees comparison chart^
Institution
(mouse over for product name) |
Application |
Valuation |
Legal |
Settlement |
TOTAL
UPFRONT FEES |
Fee/
Redraw |
Service fee |
| |
| MyRate |
$0*
|
$0*
|
$0*
|
$0*
|
$0*
|
$0*
|
$0*
|
| HSBC |
$500 |
|
|
$150 |
$650 |
|
|
| Aussie Home Loans |
$300
|
$200
|
|
$75
|
$575
|
|
|
| RAMS |
$395 |
$200 |
|
$250 |
$845 |
|
|
| Nab |
$600
|
|
|
|
$600
|
|
$10/mth
|
| BankWest |
$700 |
|
|
|
$700 |
$50 |
$15/mth |
| Commonwealth |
$600
|
|
|
|
$600
|
$5
|
$8/mth
|
| ANZ |
$600 |
|
|
|
$600 |
|
$5/mth |
| St. George |
$600
|
|
|
$100
|
$700
|
$10
|
$10/mth
|
| Westpac |
$600 |
|
|
|
$600 |
|
$8/mth |
|
|