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.


How long will it take to pay off my home loan?

A home loan is one of the most expensive purchases you’ll ever make, and that’s not just because of the purchase price of the home itself. Home loans can also be as long as 30 years, sometimes longer, which is decades of interest that can be accrued.

Home loans can be shorter though, and paying more than the minimum repayments can help you pay it off sooner. Not to mention, a shorter home loan will also generally cost less in interest over time.

That’s where our mortgage repayment calculator can come in.

How long to pay off mortgage calculator

Savings.com.au’s How Long To Repay My Mortgage calculator can help you estimate you how long it could take you to pay off your mortgage based on your regular repayments and interest rate. For example, a $350,000 loan with $2,000 monthly repayments at a 3.80% p.a. interest rate will take 21 years and eight months to repay, costing over $161,000 in interest.

But if you upped those repayments to $2,500 per month, that loan term will take just 15 and a half years to repay, and will cost $113,000 in interest. That’s six years earlier and almost $50,000 less in interest costs.

So use our mortgage repayment calculator now to work out how much time and money you can save by upping those regular repayments.


Home loan news


The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered which includes retail products from at least the big four banks, the top 10 customer-owned institutions and Australia’s larger non-banks:

  • The big four banks are: ANZ, CBA, NAB and Westpac
  • The top 10 customer-owned Institutions are the ten largest mutual banks, credit unions and building societies in Australia, ranked by assets under management in November 2020. They are (in descending order): Great Southern Bank, Newcastle Permanent, Heritage Bank, Peoples’ Choice Credit Union, Teachers Mutual Bank, Greater Bank, IMB Bank, Beyond Bank, Bank Australia and P&N Bank.
  • The larger non-bank lenders are those who (in 2020) has more than $9 billion in Australian funded loans and advances. These groups are: Resimac, Pepper, Liberty and Firstmac.
  • If you click on a product link and you are referred to a Product or Service Provider’s web page, it is highly likely that a commercial relationship exists between that Product or Service Provider and Savings.com.au

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.

In the interests of full disclosure, Savings.com.au, Performance Drive and Loans.com.au are part of the Firstmac Group. To read about how Savings.com.au manages potential conflicts of interest, along with how we get paid, please click through onto the web site links.

*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.