Comparing Citibank Mortgage Power vs NAB Choice Package
| Lender |  |  |
| Home Loan | Mortgage Power | Choice Package |
| Interest Rate | 7.04% | 6.29% |
| Summary | The Citibank Mortgage Power is the company’s exclusive revolving line of credit. It comes with a predetermined credit limit that uses the borrower’s property as security. This provides you with a resource to draw from when you need money to pay unexpected bills, renovations, or other projects. […] More | The NAB Choice Package Variable Home Loan provides customers with a lower interest rate than the Standard Variable. The NAB Choice Package Variable Loan provides features that otherwise are not available to customers on the Standard Variable product. […] More |
| Sample Loan Amount | $400,000 | $400,000 |
| Sample Minimum Deposit | $40,000 (10%) | $20,000 (5%) |
| Initial Monthly Repayment | $2,672 | $2,473 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | Line of Credit | Variable |
| Application Fee | $399 | $0 |
| Monthly Fee | $12 | $0 |
| Annual Fee | $0 | $395 |
| Sample Cost 1 Years |
$32,607 | $30,074 |
| Savings After 1 Years |
Save $2,532 | |
| 100% Offset Account |  | |
| Extra Repayments | | |
| Redraw Facility | | |
| Contruction | ||
| More Information |
