Whether you’re a first-time buyer or you have purchased property in the past, it’s always a good idea to understand different loans in order to verify which loan delivers the most value over its full term. Don’t forget: even a very small difference in home loans can lead to you saving tens of thousands of dollars over the life of your loan!

When choosing a home loan, it’s important to explore all of your options and to compare home loan rates in particular. A comparison rate combines the total cost of a loan – including interest and all fees and charges – into a single percentage rate. This means that a lender’s advertised rate may not be the true rate of the loan, because they have not included fees and other charges.

By using our home loan comparison calculator, you can get a better sense of exactly what you will be paying for the life of the loan.