Comparing Westpac Fixed 3 Years vs NAB Introductory 1 Year Variable Rate
| Lender |  |  |
| Home Loan | Fixed 3 Years | Introductory 1 Year Variable Rate |
| Interest Rate | 6.19% | 6.22% |
| 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 | 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 | $52,000 (13%) | $20,000 (5%) |
| Initial Monthly Repayment | $2,447 | $2,455 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 3 Year Fixed | Variable |
| Application Fee | $600 | $600 |
| Monthly Fee | $8 | $10 |
| Annual Fee | $0 | $0 |
| Sample Cost 1 Years |
$30,063 | $30,181 |
| Savings After 1 Years |
Save $117 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | | |
| More Information |
