RateGapevery home loan rate lenders publish, compared

What a comparison rate is, and how far it sits from the rate you pay

The figure beside every advertised rate, measured across every Australian lender that publishes one. I checked what it adds, and what it cannot say.

Justin Wong, first published 16 September 2026. The figures are read again every morning.

Rates checked Tuesday 3 November at 7:01 am (Sydney time) · browse all the data

A comparison rate is the advertised rate plus most fees, worked out on a $150,000 loan over 25 years. Across 534 variable loans anyone could take, read Tuesday 3 November, the comparison rate sits 0.06 points above the advertised rate at the middle of the pack. On the $150,000 the rule prescribes, that is about $66 a year in fees. On a $500,000 loan, the same fees are 0.02 points.

That last sentence is the whole point. The fees are the same dollars whatever you borrow. On a bigger loan they are a smaller rate. So a comparison rate says how a loan's fees compare with another loan's, on one fixed loan size. It does not say what you will pay. This site never quotes one as your cost.

107 loans of the 534 have a comparison rate within 0.02 of the advertised rate. Those carry no ongoing fee worth naming.

The order changes when the fees are counted

For a home you live in, paying it down, the five lowest advertised rates and the five lowest comparison rates are not the same five loans.

By advertised rate

  1. 5.79% Easy Street, STREET SMART VARIABLE HOME LOAN SPECIAL…
  2. 5.85% CommFCU, Core Variable Home Loan - Owner-occupie…
  3. 5.85% CommFCU, Go Basic Variable Home Loan - Owner-occ…
  4. 5.89% RACQ Bank, Fair Dinkum Home Loan
  5. 5.89% Mortgage House, Chameleon - Executive Home Loan 60

By comparison rate

  1. 5.80% Easy Street, STREET SMART VARIABLE HOME LOAN SPECIAL…
  2. 5.89% RACQ Bank, Fair Dinkum Home Loan
  3. 5.90% CommFCU, Core Variable Home Loan - Owner-occupie…
  4. 5.90% CommFCU, Go Basic Variable Home Loan - Owner-occ…
  5. 5.93% Mortgage House, Chameleon - Executive Home Loan 60

Where the gap is widest

LenderLoanRateComparisonGap
Mortgage HouseNew Car - Special - Secured - PAYG 9.54%10.76% 1.22
Liberty FinancialLow deposit investment loan 9.24%10.00% 0.76
Liberty FinancialLow deposit home loan 8.89%9.64% 0.75
Mortgage HouseChameleon Commercial - Pure Commercial 80 8.54%9.25% 0.71
Mortgage HouseChameleon - Platinum Home Loan 80 (INV) 9.29%9.99% 0.70
Mortgage HouseChameleon - Platinum Home Loan 80 (OO) 8.69%9.39% 0.70
Mortgage HouseChameleon Commercial - Pure Commercial 50 7.69%8.29% 0.60
Mortgage HouseChameleon - Platinum Home Loan 60 (INV) 9.09%9.63% 0.54

A gap this wide is usually a yearly package fee, or a setup fee spread over 25 years. Which one is in the lender's fee schedule, which the comparison rate folds into one number.

What this site does instead

Where a lender publishes its ongoing fee, the comparison uses that fee, in dollars, on your balance. Where it does not, the comparison reads the fee back out of this gap, nets off any setup cost the lender does publish, and says so. Read your own rate against the market, and the fee allowance is drawn as its own step.

How this is worked out, and what it does not tell you

How it is worked out

  1. Rates come from each lender's own feed under the Consumer Data Right, read each morning. Nobody types one in.
  2. A rate counts only if anyone could take it. Loans for particular groups, and lenders the capture cannot reach, are left out.
  3. Each loan counts once per profile, at its lowest advertised rate.
  4. Variable loans, paying the loan down, both purposes. An interest-only loan's comparison rate embeds the switch to paying it down, and a fixed loan's embeds the rate it rolls onto. Neither is fees, so neither is measured here.
  5. The gap is the comparison rate less the advertised rate, on each loan's lowest line. Points, not dollars: the dollars depend on the loan size, which is the point of the page.
  6. The comparison rate leaves some fees out by design: fees for events like a late payment or an early exit, and government charges. A loan with none of the fees it counts can still cost you one of those.

What it does not tell you

The data is free to download, so any figure here can be checked.

Free, and not advice. It knows only what the lender publishes, not what you could negotiate. A licensed broker does this for a living. Who made this. What this site collects.

More from the data

Building something with this? There is an API, and the data is free.

This morning: the market, variable rates, fixed rates and what moved this week.

Found in the data: what lenders charge above 80%, the rate a fixed loan rolls onto and what a comparison rate adds. Also what an offset costs, and what investors pay on top.