Compare and refinance
Loan Comparison Calculator
Put two loan offers side by side, with their fees and introductory rates, and see which costs less over the life of the loan.
$
years
Loan 1
% p.a.
months
% p.a.
$
$
Loan 2
% p.a.
months
% p.a.
$
$
Loan 2 saves you
$42,593
Over the life of the loan, including fees.
- Loan 1 monthly, at first
- $3,564.98
- Loan 1 monthly, ongoing
- $3,825.83
- Loan 1 total cost
- $1,371,437
- Loan 2 monthly, at first
- $3,690.40
- Loan 2 monthly, ongoing
- $3,690.40
- Loan 2 total cost
- $1,328,845
Total paid over time
- Loan 1
- Loan 2
Show the figures as a tableHide the table
| Year | Loan 1 | Loan 2 |
|---|---|---|
| 0 | $400 | $300 |
| 1 | $43,180 | $44,585 |
| 2 | $85,960 | $88,870 |
| 3 | $131,869 | $133,154 |
| 4 | $177,779 | $177,439 |
| 5 | $223,689 | $221,724 |
| 6 | $269,599 | $266,009 |
| 7 | $315,509 | $310,294 |
| 8 | $361,419 | $354,579 |
| 9 | $407,329 | $398,863 |
| 10 | $453,239 | $443,148 |
| 11 | $499,149 | $487,433 |
| 12 | $545,059 | $531,718 |
| 13 | $590,969 | $576,003 |
| 14 | $636,879 | $620,288 |
| 15 | $682,788 | $664,572 |
| 16 | $728,698 | $708,857 |
| 17 | $774,608 | $753,142 |
| 18 | $820,518 | $797,427 |
| 19 | $866,428 | $841,712 |
| 20 | $912,338 | $885,996 |
| 21 | $958,248 | $930,281 |
| 22 | $1,004,158 | $974,566 |
| 23 | $1,050,068 | $1,018,851 |
| 24 | $1,095,978 | $1,063,136 |
| 25 | $1,141,888 | $1,107,421 |
| 26 | $1,187,798 | $1,151,705 |
| 27 | $1,233,708 | $1,195,990 |
| 28 | $1,279,617 | $1,240,275 |
| 29 | $1,325,527 | $1,284,560 |
| 30 | $1,371,437 | $1,328,845 |
How this calculator works
- Both loans are compared on the same amount and term, with monthly repayments.
- Totals include upfront fees, monthly fees, interest and principal.
- Features such as offset accounts and redraw are not included.
Results are general estimates only and are not credit, tax or financial advice. They do not take your objectives, financial situation or needs into account. Check the figures with a licensed professional before making a decision.
Related calculators
- Comparison Rate CalculatorUse interest rates and fees to compare the true cost of different loans.
- Mortgage Switching CalculatorSee what it costs to move your loan to a new lender and what you could save.
- Introductory Rate Loan CalculatorCalculate what happens to your loan with an introductory or 'honeymoon' rate.
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