Loan Comparison Calculator
Put two loans side by side and see which one actually costs less over the term. Rates, fees and terms all interact, and the cheaper looking loan is often not the cheaper loan.
Use the loan comparison calculator
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting.
What the loan comparison calculator tells you
What it shows
Repayments, total interest and total cost for each loan, with the difference between them.
What you need
Loan amount, plus the rate, term and fees for each loan you are comparing.
What to do next
Send us both offers and we will run the comparison across our full lender panel, not just the two.
Three things worth testing
- Compare over the same term, or the result is misleading.
- Include upfront and ongoing fees in both columns.
- Value the features you will actually use, not the full feature list.
Frequently asked questions
Should I always choose the loan with the lowest total cost?
How many loans should I compare?
Turn the numbers into an approval
A calculator gives you an estimate. A broker gives you a lender, a rate and an approval. Talk to Ezy Loans Australia about what these numbers mean for your situation.
About the author
Amrinder Singh is the founder of Ezy Loans Australia and an Australian Credit Representative (number 505232) of Mortgage Australia Group Pty Ltd, Australian Credit Licence 377294. He works with first home buyers, investors and self employed borrowers across Australia, arranging home loans, refinancing, construction finance and asset finance through a broad panel of lenders.
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting. Calculators are provided under licence from the Finance Brokers Association of Australia. This page is general information only and does not take your objectives, financial situation or needs into account.
Ezy Loans Australia is a Perth-based mortgage and finance brokerage helping first home buyers, investors and refinancers across Australia secure the right loan with confidence.
Contact Info:
- 905 Hay St, Perth WA 6000
- amrinder@ezyloansaustralia.com.au
- 0432 066 362