Mortgage Comparison Calculator
Compare two home loans side by side, including repayments, total interest and upfront fees.
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Loan A
Loan B
How the mortgage comparison works
Compare two fully amortising principal-and-interest loans with constant annual rates. Enter each loan's amount, term, rate and upfront fees. Total financing cost means interest plus entered upfront fees; total paid includes principal, interest and fees. No exchange-rate conversion is performed.
For Canada, nominal annual rates are converted from semi-annual compounding to the selected repayment frequency. Elsewhere, the illustrative periodic rate is the nominal annual rate divided by the number of payments per year. Weekly and fortnightly figures are separately amortised, not calculated by dividing monthly repayments.
Important: A lower total financing cost does not necessarily mean a loan is affordable, especially if loan amounts or terms differ. Ongoing fees, insurance, taxes, redraw and offset features, variable rates, early repayment penalties and lender-specific daily interest conventions are excluded. For an apples-to-apples comparison, enter the same loan amount and term.