Comparing NAB Choice Package Fixed 10 Years vs NAB Introductory 1 Year Variable Rate
| Lender |  | |
| Home Loan | Choice Package Fixed 10 Years | Introductory 1 Year Variable Rate |
| Interest Rate | 7.99% | 6.22% |
| Summary | The NAB Choice Package Fixed 10 Year Home Loan allows clients who wish to take a long term view on the market the opportunity to lock in their interest rate. This allows you to pay back the home loan faster and own your home sooner. Feel safe knowing that you have the same repayments for 10 years - further discounts apply to loans over $250,000 of 0.10%. […] 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 | $20,000 (5%) | $20,000 (5%) |
| Initial Monthly Repayment | $2,932 | $2,455 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 10 Year Fixed | Variable |
| Application Fee | $0 | $600 |
| Monthly Fee | $0 | $10 |
| Annual Fee | $395 | $0 |
| Sample Cost 1 Years |
$35,582 | $30,181 |
| Savings After 1 Years |
Save $5,401 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | ||
| More Information |
