|
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.
|
|
|
Interest rate comparison chart^ |
|
Institution (mouse over for product name) |
Variable
rate (p.a.) |
Comparison
rate# (p.a.) |
Est. Monthly repayment |
Annual loss |
25 yr loss from staying with this lender |
| |
| MyRate |
6.35% |
6.35% |
$1,997.59 |
|
|
| RAMS |
7.18% |
7.25% |
$2,154.91 |
-$1,887.80 |
-$47,195.00 |
| BankWest |
7.20% |
7.26% |
$2,158.77 |
-$1,934.08 |
-$48,351.96 |
| Nab |
7.22% |
7.35% |
$2,162.63 |
-$1,980.39 |
-$49,509.82 |
| HSBC |
7.24% |
7.30% |
$2,166.49 |
-$2,026.74 |
-$50,668.59 |
| ANZ |
7.30% |
7.40% |
$2,178.09 |
-$2,166.01 |
-$54,150.31 |
| St. George |
7.30% |
7.46% |
$2,178.09 |
-$2,166.01 |
-$54,150.31 |
| Commonwealth |
7.31% |
7.45% |
$2,180.03 |
-$2,189.26 |
-$54,731.38 |
| Westpac |
7.36% |
7.49% |
$2,189.73 |
-$2,305.60 |
-$57,640.11 |
| Your current lender |
|
|
$2,189.73 |
-$2,305.60 |
-$57,640.11 |
Fees comparison chart^
Institution (mouse over for product name) |
Application |
Valuation |
Settlement |
Total Upfront Fees Loss |
Fee/ Redraw |
Ongoing Service fee |
25 yr fee loss from staying with this lender |
| |
| MyRate |
$0* |
$0* |
$0* |
$0* |
$0* |
$0* |
|
| RAMS |
$595 |
|
$275 |
-$870 |
|
|
-$870 |
| BankWest |
$700 |
|
$60 |
-$760 |
$50 |
$15/mth |
-$5,260 |
| Nab |
$600 |
|
|
-$600 |
|
$10/mth |
-$3,600 |
| HSBC |
$500 |
|
$150 |
-$650 |
|
|
-$650 |
| ANZ |
|
|
|
|
|
$5/mth |
-$1,500 |
| St. George |
$600 |
|
$100 |
-$700 |
$10 |
$10/mth |
-$3,700 |
| Commonwealth |
$600 |
|
|
-$600 |
|
$8/mth |
-$3,000 |
| Westpac |
$600 |
|
|
-$600 |
|
$8/mth |
-$3,000 |
|
|