Comparing NAB Choice Package Fixed 5 Years vs NAB Introductory 1 Year Variable Rate
| Lender |  | |
| Home Loan | Choice Package Fixed 5 Years | Introductory 1 Year Variable Rate |
| Interest Rate | 6.74% | 6.22% |
| Summary | The NAB Choice Package Fixed 5 Year Home Loan provides clients with the ability to lock in an interest rate over a 5 year period at a loewer that standard interest rate. When taking out the Choice Package fixed option for loans over $250,000 customers enjoy a further interest rate discount 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 | $2,592 | $2,455 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 5 Year Fixed | Variable |
| Application Fee | $0 | $600 |
| Monthly Fee | $0 | $10 |
| Annual Fee | $395 | $0 |
| Sample Cost 1 Years |
$31,496 | $30,181 |
| Savings After 1 Years |
Save $1,315 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | ||
| More Information |
