Calculators
Loan Comparison Tool
Put two loans side by side, with rates, fees and offset balances included.
Cheaper over 5 years
Loan A
Saves about $2,579 in interest and fees
- Loan A repayment
- $3,536/mth
- Loan A total cost
- $162,881
- Loan B repayment
- $3,479/mth
- Loan B total cost
- $165,460
Total cost is interest plus annual and upfront fees over the period you choose. An offset reduces interest only for the loan that has one. Rates are assumed to stay the same.
The comparison rate is a useful guide, but it can’t account for your offset balance. That is why we run real numbers.
Understand the numbers
Offset vs Redraw
An offset account is a transaction account linked to your home loan, where the balance reduces the amount you pay interest on. A redraw facility lets you take back extra repayments you have made into the loan. Both can save the same amount of interest, but an offset keeps your money separate and easier to access, while redraw money is part of the loan. The difference matters most if you might later turn your home into an investment property.
6 min readFundamentalsFixed vs Variable Rates
A fixed rate locks your interest rate for a set period, usually one to five years, giving you certainty over repayments. A variable rate moves with the market and the lender's decisions, but usually offers more flexibility, such as unlimited extra repayments and an offset account. Neither is always better. Many borrowers split their loan to get some certainty and some flexibility. The right choice depends on your budget, plans and appetite for risk.
7 min readRefinancingWhen Should You Refinance?
It's worth looking at refinancing when you can get a meaningfully lower rate or better features, when a fixed rate is about to end, when your property value or income has improved, or when you need to restructure or access equity. The test is simple: do the savings or benefits outweigh the costs of switching, such as discharge fees and any break costs, within a reasonable time? A review every year or two is a good habit, even if you end up staying put.
7 min readBook a discovery call
Let’s talk straight about your next move.
Book a free, no-obligation discovery call with Andrew. We’ll look at where you are now, where you want to be, and the clearest way to get there. In person on the Sunshine Coast, or by phone and video anywhere in Australia.