Comparing St George Seniors Access Home Loan vs ANZ Simplicity Plus
| Lender |  |  |
| Home Loan | Seniors Access Home Loan | Simplicity Plus |
| Interest Rate | 8.04% | 6.35% |
| Summary | The St. George Seniors Access Home Loan allows retirees to use the equity in the house to live in more comfort once they have stopped working. As such, the loan has a few limitations on who can apply for it. For instance, you must be at least 63 years old. […] 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 | $40,000 (10%) | $40,000 (10%) |
| Initial Monthly Repayment | $2,946 | $2,489 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | Reverse Mortgage | Variable |
| Application Fee | $950 | $600 |
| Monthly Fee | $10 | $0 |
| Annual Fee | $0 | $0 |
| Sample Cost 1 Years |
$36,425 | $30,467 |
| Savings After 1 Years |
Save $5,957 | |
| 100% Offset Account |  | |
| Extra Repayments | | |
| Redraw Facility | | |
| Contruction | | |
| More Information |
