Comparing Citibank Fixed 5 Years vs NAB Introductory 1 Year Variable Rate
| Lender |  |  |
| Home Loan | Fixed 5 Years | Introductory 1 Year Variable Rate |
| Interest Rate | 6.60% | 6.22% |
| Summary | The Citibank 5-Year Fixed Rate home loan has the longest fixed rate term available through the lender. This provides you five years with the same discounted fixed before you must switch over and start paying Citibank’s Standard Variable Rate. Still, the fixed rate home loan is an appealing option when you want the reliability of stable payments each month rather than waiting to see what the interest rates will do. […] More | NAB’s 1-Year Variable Rate home loan comes with an introductory rate for the first 12 months of the term. The interest rate during the introductory period is variable rather than fixed. Once the term expires, the interest rates will revert to the NAB’s standard variable rate. […] More |
| Sample Loan Amount | $400,000 | $400,000 |
| Sample Minimum Deposit | $40,000 (10%) | $20,000 (5%) |
| Initial Monthly Repayment | $2,555 | $2,455 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 5 Year Fixed | Variable |
| Application Fee | $399 | $600 |
| Monthly Fee | $8 | $10 |
| Annual Fee | $0 | $0 |
| Sample Cost 1 Years |
$31,151 | $30,181 |
| Savings After 1 Years |
Save $970 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | ||
| More Information |
