Loan Comparison

Lower rate or lower fees — which loan is cheaper?

Loan amount $600,000

Years you expect to keep the loan 5 yrs

Loan A

Interest rate 6.20%

Upfront fees $0

Annual fee $0

Loan B

Interest rate 5.99%

Upfront fees $600

Annual fee $395

Starting rates and fees are examples, not quotes or market averages. Enter the figures from the two offers you have.

Loan B saves you

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Move a slider to see the difference.

Loan A — interest + fees –

Loan B — interest + fees –

Monthly repayment, Loan A –

Monthly repayment, Loan B –

Both loans borrow the same amount, principal & interest, monthly repayments, a 30-year term and one rate for the life of each loan. Cost is the interest plus fees you pay over the years you keep the loan. Upfront fees are paid in cash at settlement, not added to the loan; the annual fee is charged at the start of each loan year. Discharge fees when you leave, rate changes and any cashback are not included. Starting values are examples. Indicative only. Not financial advice.