Property reality tools
Rate Check
How does the rate you are paying compare?
Your rate measured against the Reserve Bank's published averages for Australian housing loans. It describes where your rate sits. It does not recommend a lender, a product or a course of action.
No official benchmark rates are currently loaded, so no comparison can be shown.
Your loan
Official benchmarks
Published averages across lenders reporting to the Reserve Bank. An average is not an offer, and individual rates vary widely by lender, loan size and equity.
| Benchmark | Rate | Your difference | Effective |
|---|---|---|---|
| No benchmarks for this loan purpose are loaded yet. | |||
Comparable products
Where enough genuinely like-for-like products are tracked, your rate is positioned against them.
Fewer than 8 comparable products are currently tracked for a loan of this shape, so no market position is shown. The official benchmarks above are the comparison available today.
What this rate costs you
Interest on the current balance at the current rate, plus any account fee. Principal repayments are not a cost and are excluded.
First year
$43,180
Over three years
$129,540
Assuming the balance and rate hold, which they will not.
To model a specific alternative rate, including switching costs and break-even, use Rate Difference.
This is a general information tool. It is an estimate based on the figures you enter and published rules, and it is not financial, credit, tax or legal advice. It does not assess your borrowing capacity, does not consider your personal circumstances and is not an offer of finance. Australia Property Data does not receive commission, referral fees or payment from any lender, and no product is promoted. Verify every figure with your lender, conveyancer and a licensed adviser before making a decision.