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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.
Repayment Type:
Loan Amount:
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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 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 

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MyRate Update
Friday, 27 January 2012

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