Comparison Rate Calculator

Comparison Rate Calculator
The difference between an advertised interest rate and a comparison rate is that the interest rate reflects how much interest you will be charged per year on the balance of your loan, fixed or variable, and provides an idea of your monthly repayments. The comparison rate combines the interest rate plus most fees and charges that come with the loan as a true loan rate. The aim of the comparison rate calculator is to help you identify the true cost of a loan and compare loans and services offered by financial institutions and mortgage providers correctly. The formula for calculating a comparison rate is regulated by the Consumer Credit Code, and all Australian financial institutions and mortgage providers use this same formula. This can be more useful than the standard interest rate when comparing lenders, as it shows the overall cost of the loan over the full term, rather than just the ‘honeymoon period’ rate.
When using our comparison rate calculator, the total loan figure including certain fees and charges is converted into a percentage rate to highlight the true cost of the loan. The comparison rate does not include: - Government charges such as stamp duty or mortgage registration fees.- Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees.- Fees and charges which aren’t available at the time the comparison rate is provided.- Cost savings such as fee waivers or the availability of interest offset arrangements which can influence the cost of a loan. * The calculator below has been provided in good faith as a guidance tool only. Results are not financial advice, are a guide only, and are not a guaranteed outcome or quote. Borrowers should always discuss their individual situation with an Australian Credit Licensee or authorised Credit Representative.

Starting the Home Buying Process

01.
Save For A House Deposit Or Ask Family For Help
There are several ways to secure your new home, from actual cash savings to guarantor loans or family gifts. Get in touch with me for more details
02.
Work Out What You Can Afford To Borrow
By entering your income and expenses into my calculators, you can determine your borrowing capacity and eligibility before you even begin your property search.
03.
Research The Market And Find Your Best Rate
As a financial broker, I have the ability to compare hundreds of loan products from over 20 accredited lenders, helping you find the best options that suit your needs.
04.
Start Searching For Your New Home
Now that you know your borrowing capacity and estimated repayments, you can confidently begin searching for your new home, fully aware of your price range.

Contact The Wandering Broker

I'm available in the office Monday to Friday, from 8am to 4pm. Outside of these hours, including weekends and public holidays, my office will be unattended, and my emails will not be monitored. If you need to reach me urgently during this time, please send a text message to the mobile number below, and I'll get back to you as soon as I can.
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Kelly Bowles - The Wandering Broker Mobile: 0487 279 952 Email: info@thewanderingbroker.com.au Post: PO Box 7278 Loganholme QLD 4129 Disclaimer | Privacy Statement © Copyright 2025 The Wandering Broker all rights reserved.
Credit License
TWB CO PTY LTD trading as The Wandering Broker Australian Credit Representative Number: 555660 ABN: 97 238 027 627 ACN: 673 504 008 Kelly Bowles, trading as The Wandering Broker, is authorised as a Australian Credit Representative to engage in credit activities on behalf of Vow Financial Pty Ltd ABN 55 138 789 161 (Australian Credit Licence Number 390261).