No two loans are the same, so when trying to choose the right one for you, it is a good idea to closely compare your options to understand the difference. It isn’t only the interest rate that you need to compare when working out how much you will be paying the lender – you also need to factor in fees, features and repayment options. This calculator can help you compare two loans to determine the difference in the amount the loan will cost you, and which will be better for your pocket.
Keep in mind there is more to weigh up when comparing loans, including loan flexibility and features, such as offset account and redraw facility. A broker can factor these in and help you to find the right loan for your situation.
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See how much your home loan repayments will be if you choose to split your loan between a fixed and variable rate.
This honeymoon rate calculator can help you compare what the repayments will look like and the total interest payable.