Comparing NAB Choice Package Fixed 3 Years vs ANZ Simplicity Plus

Lender NABANZ
Home Loan Choice Package Fixed 3 YearsSimplicity Plus
Interest Rate 5.99%6.72%
Summary

The NAB Choice Package Fixed 3 Year Home Loan allows customers to lock in their home loan payments over 3 years. The Choice Package provides an interest rate discount of 0.10% to clients with loan sizes greater than $250,000. The only ongoing fee is a $395 annual fee. […] More

The ANZ Simplicity PLUS Home Loan is a simple, no frills home loan with a low variable interest rate for the life of your loan. It was Editor's Choice for ‘Basic variable loan’ in Your Mortgage Magazine, December 2008. […] More

Sample Loan Amount $400,000$400,000
Sample Minimum Deposit $20,000 (5%)$40,000 (10%)
Initial Monthly Repayment $2,396$2,586
Sample Term 30 years30 years
Home Loan Type 3 Year FixedVariable
Application Fee $0$600
Monthly Fee $0$0
Annual Fee $395$0
Sample Cost
1 Years
$29,143$31,637
Savings After
1 Years
Save $2,494 
100% Offset Account   
Extra Repayments YesYes
Redraw Facility YesYes
Contruction  Yes
More Information