Comparing Westpac Fixed 5 Years vs ANZ Simplicity Plus
| Lender |  |  |
| Home Loan | Fixed 5 Years | Simplicity Plus |
| Interest Rate | 6.99% | 6.35% |
| Summary | The Westpac 5-Year Fixed Rate Home Loan like the other fixed rate loans offered by Westpac allows you to maintain your payments by locking the interest rates at one level while the markets continue to fluctuate up and down. In this case, the term is four years long, but it can vary from 1 all the way to 10 year lengths. […] 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 | $2,659 | $2,489 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 5 Year Fixed | Variable |
| Application Fee | $600 | $600 |
| Monthly Fee | $8 | $0 |
| Annual Fee | $0 | $0 |
| Sample Cost 1 Years |
$32,598 | $30,467 |
| Savings After 1 Years |
Save $2,131 | |
| 100% Offset Account | ||
| Extra Repayments |  | |
| Redraw Facility | | |
| Contruction | | |
| More Information |
