Comparing Westpac Fixed 3 Years vs ANZ Simplicity Plus

Lender WestpacANZ
Home Loan Fixed 3 YearsSimplicity Plus
Interest Rate 6.19%6.35%
Summary

The Westpac 3-Year Fixed Rate Home Loan is a Fixed Option that comes with a three-year fixed interest rate offered at a discount. It is one of several fixed rate loans that are available through Westpac banks; most of these have terms ranging from one year all the way to 10 years. […] 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 years30 years
Home Loan Type 3 Year FixedVariable
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 YesYes
Redraw Facility YesYes
Contruction YesYes
More Information