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 Friday 18 September at 5:49 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 513 variable loans anyone could take, read Friday 18 September, 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 $65 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.
96 loans of the 513 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
- 5.79% Easy Street, STREET SMART VARIABLE HOME LOAN SPECIAL…
- 5.84% Greater Bank Limited, Discounted Great Rate Home Loan - Varia…
- 5.84% Virgin Money, Virgin Money Lite Home Loan
- 5.85% CommFCU, Core Variable Home Loan - Owner-occupie…
- 5.85% CommFCU, Go Basic Variable Home Loan - Owner-occ…
By comparison rate
- 5.80% Easy Street, STREET SMART VARIABLE HOME LOAN SPECIAL…
- 5.80% Unloan, Unloan Home Loan
- 5.85% Greater Bank Limited, Discounted Great Rate Home Loan - Varia…
- 5.86% Virgin Money, Virgin Money Lite Home Loan
- 5.89% RACQ Bank, Fair Dinkum Home Loan
Where the gap is widest
| Lender | Loan | Rate | Comparison | Gap |
|---|---|---|---|---|
| AFG Home Loans - Retro | Retro Versa | 6.46% | 7.31% | 0.85 |
| Liberty Financial | Low deposit investment loan | 9.24% | 10.00% | 0.76 |
| Liberty Financial | Low deposit home loan | 8.89% | 9.64% | 0.75 |
| Mortgage House | Chameleon Commercial - Pure Commercial 80 | 8.54% | 9.25% | 0.71 |
| Mortgage House | Chameleon - Platinum Home Loan 80 (INV) | 9.04% | 9.74% | 0.70 |
| Mortgage House | Chameleon - Platinum Home Loan 80 (OO) | 8.69% | 9.39% | 0.70 |
| Mortgage House | Chameleon Commercial - Pure Commercial 50 | 7.69% | 8.29% | 0.60 |
| Mortgage House | Chameleon - Platinum Home Loan 60 (INV) | 8.84% | 9.38% | 0.54 |
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
- Every rate comes from the lender's own feed, published under the Consumer Data Right. Nobody types a rate in. The rates are read each morning, and the figures on this page are taken once, from that morning's read.
- A rate counts only if anyone could take it. Loans for a particular group only, by their published conditions or by their name, are left out. So is any lender the capture has stopped reaching.
- Each loan is counted once per profile, at its lowest advertised rate. A lender that prices five bands by how much you owe is one loan here, not five.
- 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.
- 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.
- 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
- These are advertised rates, not offers. The rate a lender writes for you depends on you and on the lender. It can say no.
- They are prices for a new customer. What a lender charges the customers it already has is published nowhere.
- The rate is not the cost. Fees sit outside it. What a comparison rate adds measures how far.
The data behind this page is free to download, so any figure here can be checked against the file, and the file against the lender.
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.
Building something with this? There is an API, and the data is free.
This morning: 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, what a comparison rate adds and what an offset costs.