Comparing Westpac Fixed 1 Year vs ANZ Simplicity Plus
| Lender |  |  |
| Home Loan | Fixed 1 Year | Simplicity Plus |
| Interest Rate | 6.19% | 6.35% |
| Summary | The Westpac 1-Year Fixed Rate Home Loan is the introductory term for Westpac’s Fixed Options Home Loan. There are other fixed rate lengths available through Westpac, offering borrowers up to 10 years at a discounted fixed rate. After these terms end, the rate will revert back to the Standard Variable Rate. […] 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 | $52,000 (13%) | $40,000 (10%) |
| Initial Monthly Repayment | $2,447 | $2,489 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 1 Year Fixed | Variable |
| Application Fee | $600 | $600 |
| Monthly Fee | $8 | $0 |
| Annual Fee | $0 | $0 |
| Sample Cost 1 Years |
$30,063 | $30,467 |
| Savings After 1 Years |
Save $404 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | | |
| More Information |
