Savings .com.au

How much will a mortgage cost me

To answer this simply, a lot. Hundreds of thousands of dollars usually. Home loans cost much more than just the purchase price of the property. You’ll also need to pay:

  • Interest on the loan

  • Upfront home loan and property buying fees

  • Ongoing home loan fees

Our home loan total cost calculator can help you work out how much a mortgage will really cost you.

Home loan total cost calculator

To use the Savings.com.au mortgage cost calculator, firstly enter:

  • The purchase price of the home you are seeking a loan for

  • Your deposit

Next, indicate whether you are a first-home buyer. The calculator will apply concessions and discounts extended to first-home buyers in the various Australian states and territories.

Then, enter:

  • The property type

  • The purpose of the property (whether you plan to live in it or rent it out)

  • Which state the property is situated in

Next, enter:

  • The loan term

  • The interest rate

Finally, enter the home loan fees that apply to your loan. These include:

  • The settlement fee

  • The application fee

  • The discharge fee

  • Ongoing monthly fees

These fees apply to many home loans but leave out any that don’t apply to your loan. As well as giving you the total cost of your home loan, the calculator will break down the figure. That way you’ll have a good idea of where the costs lie and what difference concessions, if any, can make to your total loan.

Should I use the comparison rate?

To give borrowers some idea of the effect of fees and charges on their loan, lenders are also required to state a loan’s comparison rate* alongside its advertised interest rate. The comparison rate* bundles the fees and charges a borrower will pay and expresses it as a percentage figure. If you use the comparison rate*, you don’t need to add in the fees and charges that will apply to your loan. However…

While the comparison rate gives a more accurate figure of the cost of a home loan than the advertised rate, bear in mind, the * that accompanies a comparison rate* figure discloses that comparison rates are set for loans of $150,000 over a 25 year period. It is highly likely you will be borrowing a far higher amount than $150,000 and your loan term may not be 25 years. The comparison rate* also doesn’t cover all fees and charges involved with taking out a loan. For a more accurate picture tailored to your particular loan, use the advertised interest rate and enter the fees and charges separately.


Looking for a home loan?

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

Variable
More details
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
Disclosure

loans.com.au – Variable Home Loan P&I <90%

  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
Disclosure
Variable
More details
Built and funded by CommBank
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
Disclosure
Built and funded by CommBank

Unloan – Variable Rate Home Loan LVR < 80%

  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
Disclosure
Variable
More details
100% offset
  • Easy application. Fast approval. 100% offset.
  • Unlimited additional repayments free of charge.
  • Redraw available - Access additional payments.
Disclosure
100% offset

Ubank (part of NAB) – Flex variable home loan - 100% offset

  • Easy application. Fast approval. 100% offset.
  • Unlimited additional repayments free of charge.
  • Redraw available - Access additional payments.
Disclosure
Variable
More details
Up to $2k cashback (T&Cs apply)
  • Up to $2k cashback when you take a loan with us (Terms and Conditions apply)
  • Quick and Easy online application, with no upfront or annual fees.
  • Unlimited additional repayments free of charge.
Disclosure
Up to $2k cashback (T&Cs apply)

Regional Australia Bank – Home Loan without Offset - OO,PI LVR 60% or less

  • Up to $2k cashback when you take a loan with us (Terms and Conditions apply)
  • Quick and Easy online application, with no upfront or annual fees.
  • Unlimited additional repayments free of charge.
Disclosure
Variable
More details
Disclosure

Macquarie Bank – Offset Home Loan (Owner Occupier, Principal and Interest, max LVR 60%)

  • Check your eligibility in as little as one minute
Disclosure
Variable
More details

IMB Bank – Budget Home Loan (Principal and Interest) (LVR 90%-95%)

    Variable
    More details
    Disclosure

    Ubank (part of NAB) – Neat home loan - max. 60% LVR (Owner occupied, Principal and interest)

      Disclosure
      Variable
      More details

      ME – CompleteME Home Loan - LVR 60% to 80% - $150,000 to $400,000

        Variable
        More details

        Heritage Bank – Home Advantage Variable $150,000 to $249,999 LVR >80% to 90%

          Variable
          More details
          Disclosure

          Commonwealth Bank – Wealth Package Variable Home Loan (Principal and Interest) (LVR 80% - 90%)

            Disclosure
            VariableN/A
            More details

            P&N Bank – Basic Variable Home Loan >90% and =<95%

              Variable
              More details

              Great Southern Bank – Offset Variable - Owner Occupier Principal & Interest (LVR is above 80% and less than or equal to 90%)

                Variable
                More details
                Disclosure

                Ubank (part of NAB) – Neat home loan - max. 80% LVR (Owner occupied, Principal and interest)

                  Disclosure
                  Variable
                  More details
                  Disclosure

                  Macquarie Bank – Offset Home Loan (Owner Occupier, Principal and Interest, max LVR 80%)

                    Disclosure
                    Variable
                    More details
                    • Available for purchase or refinance, min 10% deposit needed to qualify.
                    • No application, ongoing monthly or annual fees.
                    • Quick and easy online application process.
                    Disclosure

                    loans.com.au – Variable Home Loan with Offset P&I <90%

                    • Available for purchase or refinance, min 10% deposit needed to qualify.
                    • No application, ongoing monthly or annual fees.
                    • Quick and easy online application process.
                    Disclosure
                    Variable
                    More details

                    Bank Australia Limited Trading as Qudos Bank – Qantas Points Home Loan (Owner Occupied) (PI) (LVR <80%) 10-20%

                      Variable
                      More details

                      AMP – Essential Home Loan (Owner Occupied, Principal and Interest, $250,000+ <= LVR 90%)

                        VariableN/AN/A
                        More details
                        Disclosure

                        Westpac – Flexi First Option Home Loan (Principal & Interest LVR 70-80%) (Promo)

                          Disclosure
                          Variable
                          More details

                          Bank of Queensland – Clear Path Variable Rate Home Loan Discount Rate (max 90% LVR)

                            Variable
                            More details

                            Suncorp Bank – Home Package Plus Personal Variable First Home Buyer Special (Principal and Interest) ($150k+, LVR 80%-95%)

                              Important Information and Comparison Rate Warning

                              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 be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. 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 July 11, 2025. View disclaimer.

                              Important Information and Comparison Rate Warning