Comparing Westpac Fixed 2 Years vs ANZ Simplicity Plus

Lender WestpacANZ
Home Loan Fixed 2 YearsSimplicity Plus
Interest Rate 6.49%6.35%
Summary

The Westpac 2-Year Fixed Rate Home Loan is another of the Fixed Options Home Loans available at a lower fixed interest rate. While these loans can range from 1 year all the way to 10 years, this product has a two-ear duration before it revert to the Westpac 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 $2,526$2,489
Sample Term 30 years30 years
Home Loan Type 2 Year FixedVariable
Application Fee $600$600
Monthly Fee $8$0
Annual Fee $0$0
Sample Cost
1 Years
$31,004$30,467
Savings After
1 Years
 Save $536
100% Offset Account   
Extra Repayments YesYes
Redraw Facility YesYes
Contruction YesYes
More Information