Home loan comparison
Buying a home or looking to refinance? The table below features home loans
with some of the lowest interest rates on the market for owner occupiers.
Lender | Advertised rate | Comparison rate* | Monthly repayment | Rate Type | Offset | Redraw | Ongoing Fee | Upfront Fees | LVR | Lump Sum Repayment | Additional Repayments | Pre-approval | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Variable | More details | ||||||||||||
| FEATUREDLIMITED TIME OFFER | Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
| ||||||||||||
Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
| |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDZERO APPLICATION FEESFEE FREE OFFSET | Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)
| ||||||||||||
Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)
| |||||||||||||
| Fixed | More details | ||||||||||||
| FEATUREDUSE A MARKET LEADING APP TO HELP YOU PAY OFF YOUR LOAN SOONER | Fixed Home Loan 1 year (Principal and Interest) (LVR < 80%)
| ||||||||||||
Fixed Home Loan 1 year (Principal and Interest) (LVR < 80%)
| |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDREFINANCE IN MINUTES, NOT WEEKS | Variable Owner Occupied, Principal and Interest (Refinance Only)(LVR <75%)
| ||||||||||||
Variable Owner Occupied, Principal and Interest (Refinance Only)(LVR <75%)
| |||||||||||||
| Variable | More details | ||||||||||||
| No ongoing feesFree redraw facility | Live-in Variable Loan (Principal and Interest) | ||||||||||||
| Variable | More details | ||||||||||||
| NO UPFRONT OR ONGOING FEES | Owner Occupier Accelerates - Evaporate (LVR 60%-70%) (Principal and Interest) | ||||||||||||
| Variable | More details | ||||||||||||
| FREE REDRAW FACILITY | Yard Home Loan (Principal and Interest) (Special) (LVR < 80%)
| ||||||||||||
| Fixed | More details | ||||||||||||
| No ongoing feesFree redraw facility | Live-in Fixed Loan (Principal and Interest) 1 Year | ||||||||||||
| Variable | More details | ||||||||||||
| NO ONGOING FEES100% FULL OFFSET ACCOUNTFREE REDRAW FACILITY | Ocean Owner Occupied (LVR < 60%) | ||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDLIMITED TIME OFFER | Smart Booster Home Loan Discounted Variable - 1yr
| ||||||||||||
Smart Booster Home Loan Discounted Variable - 1yr
| |||||||||||||
| Variable | More details | ||||||||||||
| NO ONGOING FEES | Budget Home Loan (Principal and Interest) (LVR < 80%) | ||||||||||||
| Variable | More details | ||||||||||||
Basic Variable Owner Occupier Principal & Interest (LVR ≤ 80%) | |||||||||||||
| Variable | More details | ||||||||||||
| 100% FULL OFFSET ACCOUNT | Offset Package Home Loan (Principal and Interest) (LVR < 60%) | ||||||||||||
| Fixed | More details | ||||||||||||
Fixed Home Loan 1 year (Principal and Interest) (LVR 80%-85%) | |||||||||||||
| Variable | More details | ||||||||||||
| 100% FULL OFFSET ACCOUNT | Offset Package Home Loan (Principal and Interest) (LVR 70%-80%) | ||||||||||||
| Variable | More details | ||||||||||||
| AN EASY ONLINE APPLICATION | Yard Home Loan (Principal and Interest) (Special) (LVR < 70%)
| ||||||||||||
| Fixed | More details | ||||||||||||
Fixed Home Loan 2 year (Principal and Interest) (LVR < 80%)
| |||||||||||||
| Variable | More details | ||||||||||||
| UNLIMITED EXTRA REPAYMENTS | Basic Home Loan (Principal and Interest) (LVR < 60%) | ||||||||||||
| Variable | More details | ||||||||||||
| AN EASY DIGITAL APPLICATION | Neat Variable Home Loan (Principal and Interest) (LVR < 60%)
| ||||||||||||
Neat Variable Home Loan (Principal and Interest) (LVR < 60%)
| |||||||||||||
| Variable | More details | ||||||||||||
| 100% FULL OFFSET ACCOUNT | Offset Package Home Loan (Principal and Interest) (LVR 60%-70%) | ||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan 3 Years (LVR 80%-95%) | |||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan (Principal and Interest) 1 Year (LVR < 80%) | |||||||||||||
| Fixed | More details | ||||||||||||
Tailored Home Loan Fixed (Principal and Interest) 2 Years | |||||||||||||
| Fixed | More details | ||||||||||||
Premier Package Fixed Options Home Loan (Principal and Interest) 1 Year | |||||||||||||
| Variable | More details | ||||||||||||
Extra Home Loan (Principal and Interest) (LVR < 70%) | |||||||||||||
Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of January 25, 2022. View disclaimer.
Before you move into that new home, you’ll need to pay a
deposit for it. And that deposit can be very expensive, often
$100,000 plus.
Our home loan deposit calculator can help you work out how
much you’ll need, and what you can afford.
What is a house deposit?
A house deposit is the initial down payment made to the seller
of the house before you take out a home loan. This is the first
portion of the property that you pay for, and you gradually pay
for the rest as you pay off your home loan.
Deposits are important lenders because they provide a buffer
against potential losses should the borrower default on the
loan. Lenders can also look at the size of the deposit to assess
your reliability as a borrower. Someone who can afford to save
a large amount for a deposit is also more likely to be able to
afford to keep meeting their repayments.
How much do you need for a house deposit?
That’s where the loan-to-value ratio (LVR) comes into it.
In a lot of cases, you can take out a home loan with a deposit
as small as 5% of the property's value. A 5% deposit means
you still have to borrow 95% of the home’s value from the
lender, meaning you have an LVR of 95%.
In order to avoid the expensive Lenders Mortgage Insurance
(LMI), you’ll typically require a deposit of at least 20%, or an
80% LVR. This can be quite a lot of money. On a $500,000
home, a 20% deposit is $100,000 in savings.
You’ll also need to factor in the other upfront costs associated
with purchasing property, like conveyancing fees, stamp duty
costs, bank fees and more. Together these can easily cost
$10,000+ at a conservative estimate, which is why it can be
useful to use a house deposit calculator to find out how much
you’ll need in savings.
Home loan deposit calculator
A home loan deposit calculator, such as the one on our website, can work out how much of your existing savings can be put towards a home of a certain value after all the upfront costs have been considered.
Savings.com.au’s house deposit calculator lets you input the following bits of info to find out the kind of deposit you’d need to have:- The estimated value of the property you want to buy
- Your current savings
- Which state the property is located in
- Whether you’re buying the property to live in or as an investor
- Whether you’re a first home buyer and buying through a scheme
- Whether the home is established or new
If you wanted to have a lower LVR, then this house deposit calculator could help you figure out just how much more savings you need.
Other Calculators
Home loan news
Disclaimers
The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the Savings Media group. In the interests of full disclosure, the Savings Media Group are associated with the Firstmac Group. To read about how Savings Media Group manages potential conflicts of interest, along with how we get paid, please visit the web site links at the bottom of this page.
© 2022 Savings.com.au | AFSL and Australian Credit License Number 515843
Savings.com.au Pty Ltd ACN 161 358 363 operates as an Australian Financial Services Licensee and an Australian Credit Licensee Number 515843. Savings.com.au is a general information provider and in giving you general product information, Savings.com.au is not making any suggestion or recommendation about any particular product and all market products may not be considered. If you decide to apply for a credit product listed on Savings.com.au, you will deal directly with a credit provider, and not with Savings.com.au. Rates and product information should be confirmed with the relevant credit provider. For more information, read Savings.com.au's Financial Services and Credit Guide (FSCG) The information provided constitutes information which is general in nature and has not taken into account any of your personal objectives, financial situation, or needs. Savings.com.au may receive a fee for products displayed.