Comparing NAB Choice Package Fixed 3 Years vs NAB Introductory 1 Year Variable Rate
| Lender |  | |
| Home Loan | Choice Package Fixed 3 Years | Introductory 1 Year Variable Rate |
| Interest Rate | 5.99% | 6.22% |
| 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 | 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 | $2,396 | $2,455 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 3 Year Fixed | Variable |
| Application Fee | $0 | $600 |
| Monthly Fee | $0 | $10 |
| Annual Fee | $395 | $0 |
| Sample Cost 1 Years |
$29,143 | $30,181 |
| Savings After 1 Years |
Save $1,038 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | ||
| More Information |
