Mortgage Quote Comparison Calculator
Score lender quotes on 5-year total cost — repayments + establishment + monthly service + discharge — and rank them objectively. Compare up to 3 lender quotes side by side.
01 —INPUTS
Quote 1
Use comparison rate, not headline.
Quote 2
Use comparison rate, not headline.
Quote 3 (optional)
Use comparison rate, not headline.
02 —RESULTS
Rank #1 — Best total cost
Lender B
Comparison rate 6.10% · Monthly repayment $3,029.97
$183,528
5-year total cost
Establishment $900 · Monthly fee $8 · Discharge $350
Rank #2
Lender A
Comparison rate 6.20% · Monthly repayment $3,062.34
$184,691
+$1,162 vs best
Establishment $600 · Monthly fee $0 · Discharge $350
Common questions
Why score by 5-year total cost?
Most Australian borrowers refinance or revisit their loan within 5 years. Comparing on 5-year total cost (repayments + fees) puts every quote on a like-for-like dollar basis and surfaces the cheapest path before re-shopping.
Should I include LMI in the comparison?
If LMI applies (LVR > 80%), include it in the establishment fee for each quote. LMI varies by lender, so it's not a fixed number — request the actual LMI premium from each lender for accurate comparison.
What about cashback offers?
Cashbacks reduce upfront cost but often come with higher rates or shorter intro periods. Subtract any cashback from the establishment fee in this calculator to see the net impact.
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