Compare the cost of two home loans
This loan comparison calculator will let you compare different home loans in the market and determine which is the cheapest in total fees and interest over the life of the loan.
It will allow you to enter and compare different introductory interest rates and terms, with different ongoing interest rates.
When everyone on the market claims they have the most competitive home loan rates, you could easily get overwhelmed with the choices. To help you get started, it's essential to shortlist your options, and come up with your top 2 choices. The only thing left for you to do is to compare these two home loans to secure yourself the best deal. Do you know how?
When considering a home loan, you shouldn't base your choice on interest rate alone. You also have to think about:
- How quickly do you wish to pay off your home loan?
- How much can you afford to repay every month?
Home loan comparison calculator
Always factor in your financial circumstances and long-term goals when deciding on a home loan. Moreover, here are some common home loan features you have to consider:
Interest rate - this could be categorized into fixed rate, variable rate, and split loan. Fixed rate allows you to plan for the cost of repayments in advance since it's locked in for a duration. Variable rate offers flexibility as it can change based on the current market situation. Fixed rate is a combination of both, dividing your home loan into portions with different rates and advantages.
Fees - such as upfront fees, ongoing fees, and late repayment fees among others are typically included in your home loan and should be a major consideration when picking out a home loan.
Compare two home loans and get started with our calculator. Enter interest rates, terms, and other fees involved to ee which of the two home loans is more suitable for you and will save you money!