compare two home loans with confidence today

What to weigh up

When you set out to compare two home loans, start by clarifying your goals: lower monthly cash flow, or faster payoff. Interest rate headlines are tempting, but the comparison rate and true cost over time matter more. Look at fees, features, and flexibility. A slightly higher rate with fee-free extra repayments can beat a rock-bottom rate that locks you in.

• Rate type: fixed, variable, or split.
• Fees: application, ongoing, break costs, settlement.
• Loan term and amortization speed.
• Offset/redraw access and repayment flexibility.
• Portability and refinance readiness.

Run the numbers

Estimate the total paid over five and ten years using an amortization calculator, then stress-test with +1% rate. Compare comparison rate figures, but also model your own behavior-extra $100 a fortnight can shift outcomes dramatically. Finally, read the loan contract; small clauses on break costs or valuation fees often tip the winner. Choose the option that supports your life, not just a spreadsheet, and document why you’re choosing it so you can revisit the decision if rates, income, or goals change.