Comparing Westpac Fixed 5 Years vs NAB Introductory 1 Year Variable Rate
| Lender |  |  |
| Home Loan | Fixed 5 Years | Introductory 1 Year Variable Rate |
| Interest Rate | 6.99% | 6.22% |
| 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 | 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 | 5 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 |
