Find out how much you could save
Compare your mortgage against the latest deals below. You can save up to $99,000 over the life of the home loan*
Enter your loan amount and current interest rate to see how much you could save. It’s that simple.
Product | Advertised Rate 1.89% Fixed - 2 years | Comparison Rate* 2.94% | Company  | Save by switching $67,014 total savings | Repayment $1,674 monthly | Total estimated upfront fees | Go to site | More details | |
Advertised Rate 1.89% Fixed - 1 year | Comparison Rate* 3.51% | Company  | Save by switching $4,476 total savings | Repayment $1,674 monthly | Total estimated upfront fees | Go to site | More details | ||
Advertised Rate 1.94% Variable | Comparison Rate* 1.98% | Company  | Save by switching $102,075 total savings | Repayment $1,684 monthly | Total estimated upfront fees | Go to site | Winner of Best refinance home loan, RateCity Gold Awards 2021 More details | ||
Advertised Rate 1.95% Fixed - 3 years | Comparison Rate* 2.27% | Company  | Save by switching $55,947 total savings | Repayment $1,686 monthly | Total estimated upfront fees | Go to site | More details | ||
Advertised Rate 1.99% Fixed - 5 years | Comparison Rate* 3.34% | Company  | Save by switching $36,312 total savings | Repayment $1,693 monthly | Total estimated upfront fees | Go to site | More details | ||
Advertised Rate 2.04% Fixed - 3 years | Comparison Rate* 2.73% | Company  | Save by switching $63,423 total savings | Repayment $1,703 monthly | Total estimated upfront fees | Go to site | More details | ||
Advertised Rate 2.04% Fixed - 2 years | Comparison Rate* 2.79% | Company | Save by switching $60,477 total savings | Repayment $1,703 monthly | Total estimated upfront fees | Go to site | More details | ||
Product | Advertised Rate 2.05% Fixed - 2 years | Comparison Rate* 2.65% | Company  | Save by switching $23,619 total savings | Repayment $1,705 monthly | Total estimated upfront fees | Go to site | More details | |
Advertised Rate 2.09% Variable | Comparison Rate* 2.12% | Company  | Save by switching $93,303 total savings | Repayment $1,713 monthly | Total estimated upfront fees | Go to site | Winner of Best refinance home loan, RateCity Gold Awards 2021 More details | ||
Product | Advertised Rate 2.09% Fixed - 3 years | Comparison Rate* 2.43% | Company  | Save by switching $72,288 total savings | Repayment $1,713 monthly | Total estimated upfront fees | Go to site | Winner of Best 3 year fixed pi, RateCity Gold Awards 2021 More details |
*How did we work out the savings?
• These savings are the estimated difference between the total repayments on an owner occupier loan of $400,000, using the average big 4 owner occupier discounted variable rate and the lowest owner occupier variable rate on our database for an LVR of 80%.
• These savings are estimates only – they are not predictions. These estimates are intended to help you compare home loans, though you should always do your own research and consider seeking professional financial advice before applying for a home loan.
• To keep our calculations consistent, we have used the following assumptions when estimating your savings:
• Interest rates: We have used the average big 4 owner occupier discounted variable rate of 3.60% (LVR 80%) switching to an interest rate of 1.99% in our calculations. These calculations assume this interest rate will apply for the entire loan term. However variable interest rates may rise or fall over the course of your mortgage and affect the cost of your loan. Calculations are based home loan rates data as on 30/11/2020.
• Loan: We have assumed you are a new customer looking for a 25 year owner-occupied home loan with monthly principal and interest repayments and a loan amount of $400k.
• Payments: We have assumed you’ll maintain these minimum repayments, and won’t make extra repayments, pay out the loan early, or refinance.
• Fees: We have not included any fees in our savings assumptions. This includes upfront fees, ongoing fees, break costs or other miscellaneous fees.
Mark Bristow
Senior Financial Writer
Mark Bristow is a senior financial writer for RateCity and an experienced analyst, researcher, and producer. Working for over ten years, Mark previously wrote and researched commercial real estate at CoreLogic, and has seen articles published at Lifehacker and Business Insider, among others. Most recently, Mark has joined RateCity working across finance as a whole. Whatever the topic, Mark’s goal is always to provide simple solutions to complex problems.