Edit any field on any card — the cheapest total-cost loan is highlighted automatically. Includes upfront fees, ongoing annual fees, and full-term interest, not just headline rate.
Two loans at the same advertised rate can differ by $5–15K over 30 years once application fees, annual fees, and redraw/offset costs land. The comparison rate fixes some of that — but not all (it assumes a fixed term you may not hold). When in doubt, compute total cost across YOUR realistic holding period.
Lender A and Lender B can both quote 6.10% — but a $600 application fee on A versus a $395 annual fee on B means a $5,000–$15,000 difference over 30 years. The lower headline rate doesn't always win.
Australian lenders are required to publish a "comparison rate" alongside their headline rate — a standardised number that includes most fees over a 25-year, $150,000 loan. It's a useful first filter, but it doesn't reflect YOUR specific loan size or term. For your actual situation, run the full lifetime cost calculation.
Our calculator computes the full lifetime cost of each loan = principal + total interest + upfront fees + (annual fees × term). The cheapest total wins. We highlight that loan and show the dollar saving vs the most expensive option in your comparison.
This is a more accurate comparison than the published "comparison rate" because it uses YOUR loan size and term — not the standardised $150k/25y benchmark.