Mortgage Comparison Rate Calculator
Home loans are all structured differently, some have more expensive fees and lower interest rates, while the opposite is the case with others. At AFM, we want to make mortgage comparisons simple for you, so use our calculator to determine comparison rates.
What is a home loan comparison rate?
A home loan comparison rate is used to help you compare one home loan with another. It is calculated based on the interest rate and certain fees and charges of the loan and presented as a single percentage. This can be more useful than using the standard interest rate when comparing lenders. It can also help you understand the actual amount it will cost you to repay your mortgage.
If you’d like to discuss our home loans in more detail, contact an AFM lending specialist today.
Want to speak with a Lending Specialist?