Rate Reality Check
The 30-second version. Type in your rate and see where it sits against the market average, and what the gap costs you each month.
Your loan
Market average, indicative owner-occupier variable rate.
See where your rate sits against the market.
The market average is indicative and is not a rate offered by Dash Money Solutions. This is general information, not a quote or credit advice.
How this works
We take the repayment on your balance at your rate, then the repayment on the same balance at the market average, over the same number of years. The difference is the monthly figure you see. Nothing is stored and nothing is sent anywhere.
- Principal and interest repayments, paid monthly.
- The market average is an indicative owner-occupier variable rate, updated monthly. It is an average. It is not the lowest rate available and it is not a rate we advertise.
- Fees, offset balances and any fixed-rate break costs are left out.
Questions people ask
No. It is the middle of the market, so plenty of loans sit below it and plenty sit above. It is a fair yardstick for working out whether your loan has drifted. What you could actually get depends on your income, your equity and the lender.
Two options. Ring your lender and ask for a better rate, which works more often than people expect. Or have us look across the panel to see what is on offer for someone in your position. The 15-minute call covers both.
No. Nothing you type here leaves your browser, and it is not a credit application.