Lending Tools
Two fixed terms, side by side: what each costs a week, fortnight or month, what it saves against the next best rate, and what an offset adds on top.
Use rates you could actually get. With less than a 20% deposit, banks price differently and some will not offer a rate at all, so compare like with like.
Your comparison
Enter the rate you have been offered for at least one term, then press Compare.
How to read it
A saving only means something measured against the next best rate open to you, at your deposit. Comparing with a headline rate you would never be offered flatters the answer.
Without an offset, that cash would sit fixed with the rest of your loan. With one, it cancels the fixed-rate interest instead, for as long as the rate is fixed. When the fixed term ends, the offset goes back to the bank's normal offset rate.
A three-year rate usually costs a little more each payment than a two-year rate, and holds your payment for an extra year. The table shows what that certainty costs, so you can decide whether it is worth it to you.
