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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 |
6.13%
|
6.13%
|
$1,956.81
|
|
|
| Aussie Home Loans |
6.69%
|
6.74%
|
$2,061.38
|
$1,254.82
|
$31,370.49
|
| BankWest |
6.80%
|
7.01%
|
$2,082.22
|
$1,504.83
|
$37,620.67
|
| Westpac |
7.01%
|
7.14%
|
$2,122.25
|
$1,985.25
|
$49,631.30
|
| St. George |
6.93%
|
7.09%
|
$2,106.96
|
$1,801.75
|
$45,043.76
|
| RAMS |
6.73%
|
6.80%
|
$2,068.95
|
$1,345.60
|
$33,639.99
|
| Commonwealth |
6.86%
|
6.99%
|
$2,093.62
|
$1,641.67
|
$41,041.81
|
| Nab |
6.74%
|
6.87%
|
$2,070.84
|
$1,368.32
|
$34,207.95
|
| HSBC |
6.84%
|
6.91%
|
$2,089.82
|
$1,596.02
|
$39,900.50
|
| ANZ |
6.91%
|
7.01%
|
$2,103.14
|
$1,755.97
|
$43,899.18
|
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*
|
| Aussie Home Loans |
$300 |
$200 |
|
$75 |
$575 |
|
|
| BankWest |
$700
|
|
|
|
$700
|
$50
|
$15/mth
|
| Westpac |
$600 |
|
|
|
$600 |
|
$8/mth |
| St. George |
$600
|
|
|
$100
|
$700
|
$10
|
$10/mth
|
| RAMS |
$395 |
$200 |
|
$250 |
$845 |
|
|
| Commonwealth |
$600
|
|
|
$100
|
$700
|
$5
|
$8/mth
|
| Nab |
$600 |
|
|
|
$600 |
|
$10/mth |
| HSBC |
$500
|
|
|
$150
|
$650
|
|
|
| ANZ |
$600 |
|
|
|
$600 |
|
$5/mth |
|
|