Comparing St George Fixed 4 Years vs NAB Introductory 1 Year Variable Rate
| Lender |  |  |
| Home Loan | Fixed 4 Years | Introductory 1 Year Variable Rate |
| Interest Rate | 6.84% | 6.22% |
| Summary | St. George Bank’s 4-Year Fixed Rate Home Loan is the standard fixed rate loan that has a fixed term of four years before the loan is converted to the Standard Variable Rate. The benefit of these fixed rates is that they protect the borrower from increasing interest rates. Consistent payments are possible because the rate stays the same. […] 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 | $2,618 | $2,455 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 4 Year Fixed | Variable |
| Application Fee | $600 | $600 |
| Monthly Fee | $10 | $10 |
| Annual Fee | $0 | $0 |
| Sample Cost 1 Years |
$32,140 | $30,181 |
| Savings After 1 Years |
Save $1,960 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | ||
| More Information |
