Comparing Westpac Fixed 4 Years vs NAB Introductory 1 Year Variable Rate
| Lender |  |  |
| Home Loan | Fixed 4 Years | Introductory 1 Year Variable Rate |
| Interest Rate | 6.99% | 6.22% |
| Summary | The Westpac 4-Year Fixed Rate Home Loan is one of the bank’s Fixed Option Loan products. The four-year fixed rate term attached to this one give you added flexibility and the benefits of reliable payments and stable interest rates. The other fixed rate loans offered by Westpac include with term lengths of 1 through 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 | $2,659 | $2,455 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 4 Year Fixed | Variable |
| Application Fee | $600 | $600 |
| Monthly Fee | $8 | $10 |
| Annual Fee | $0 | $0 |
| Sample Cost 1 Years |
$32,598 | $30,181 |
| Savings After 1 Years |
Save $2,417 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | | |
| More Information |
