Loan Comparison Calculator
The cheapest headline rate is often not the cheapest loan. Put two side by side and compare what each one actually costs over the full term.
- Monthly repayment
- $3,998
- Interest over 30 yrs
- $789,257
- Fees over 30 yrs
- $12,450
- Monthly repayment
- $3,893
- Interest over 30 yrs
- $751,444
- Fees over 30 yrs
- $1,200
Over the full term
Loan B costs less by
$49,063
- Cheaper option
- Loan B
- Loan A total cost
- $801,707
- Loan B total cost
- $752,644
- Monthly difference
- $105/mo
This is an estimate only and not credit advice. Actual figures depend on your circumstances and lender criteria. Read the full disclaimer.
Visualised
Interest is not the whole cost
A sharper rate can still lose once fees are counted. Total cost is interest plus every fee over the life of the loan.
- Interest
- Fees
Assumes both loans run the full term with no extra repayments, no refinancing, and a rate that does not change. Real comparisons also turn on offset accounts, redraw, fixed versus variable, and whether a lender will actually approve you. Those are the parts a calculator cannot see.
Em Bee Finance, Perth
Comparing a specific offer?
Send us what your bank has quoted and we will tell you honestly whether it is worth taking.
Mool Bhargava
Principal broker · MBA Finance
A Name You Can Trust