Comparing Westpac Premier Advantage Fixed 2 Years vs NAB Introductory 1 Year Variable Rate

Lender WestpacNAB
Home Loan Premier Advantage Fixed 2 YearsIntroductory 1 Year Variable Rate
Interest Rate 6.29%6.22%
Summary

The Westpac Premier Advantage Package Fixed 2 Year Home Loan presents an opportunity to lock in a competitive interest rate over a 2 year duration. The packaged fixed rate also comes with the additional benefit of a discounted interest rate of the standard fixed rate. […] 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 $2,473$2,455
Sample Term 30 years30 years
Home Loan Type 2 Year FixedVariable
Application Fee $0$600
Monthly Fee $0$10
Annual Fee $395$0
Sample Cost
1 Years
$30,074$30,181
Savings After
1 Years
Save $106 
100% Offset Account   
Extra Repayments YesYes
Redraw Facility YesYes
Contruction Yes 
More Information