Comparison Rate Calculator
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Intro Interest Rate
Standard or Revert Rate
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Intro Monthly Repayment
Revert Monthly Repayment
Total Interest Payable
Total Fees Payable
Comparison Rate Chart
A comparison rate is a method of standardising the true cost of a loan. It factors in the interest rate, fees and charges and displays a single percentage rate that can be used to compare various loans from different lenders. This calculator can help you to find the comparison rate and see what the actual cost of a loan will be.
Note & Assumption
A comparison rate does not take into account the following fees
government charges such as stamp duty, Mortgage Registration fees
solicitors / surveyors fees
Lenders Mortgage Insurance
factors such as fee free banking
any fee that may not occur (such as late payment fees)
deferred establishment fees
transaction fees (such as redraw fees)
loan variation fees
Interest rate does not change over the loan term
Interest is calculated by compounding on monthly repayment frequency.
No rounding is done throughout calculation whereas repayments are rounded to at least the nearer cent in practice.