Comparing Citibank Mortgage Power vs NAB Introductory 1 Year Variable Rate
| Lender |  |  |
| Home Loan | Mortgage Power | Introductory 1 Year Variable Rate |
| Interest Rate | 7.04% | 6.22% |
| 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 | 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 | $2,672 | $2,455 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | Line of Credit | Variable |
| Application Fee | $399 | $600 |
| Monthly Fee | $12 | $10 |
| Annual Fee | $0 | $0 |
| Sample Cost 1 Years |
$32,607 | $30,181 |
| Savings After 1 Years |
Save $2,426 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | ||
| More Information |
