Home Loan Comparison - Mortgage Planning

The following report is a sample of the type of detailed information that we will provide to you once we have spoken to you and completed a needs assessment. We believe that our cost comparison report provides the only true basis for comparison as very few loans ever go through a full term without being refinanced or restructured, therefore the only valid comparison is 'how many dollars will one loan cost when refinanced compared to another'. You can specify the period that you want to see the comparison over. Why not call us now to get your own detailed mortgage comparison report - there is no cost and no obligation - call 1300 137 586.

Peach Financial Group
Mortgage product comparison report ( SAMPLE ONLY )

Below I outline products offering a variety of options. Note unless stated otherwise, special offers, discounts and fee waivers may be withdrawn at any time. We suggest that you check to ensure that you are eligible at the time of application. The lenders outlined below have been selected because their features, rates and /or policy fit best with what we understand to be your requirements. There are several more lenders available to us so if we haven't mentioned a lender that interests you please don't hesitate to ask us why.

Cost of Loan Comparison The following table shows the calculated cost of your loan if you were to refinance it or discharge the loan with a lump sum payment at a given time. The cost includes all establishment and exit fees - including early payout fees for variable rate loans - it is not possible to calculate early pay out fees on fixed rate loans.

The calculation period is based on paying out the loan after 36 months on a loan amount of $300,000 based on a full loan term of 25 years.

Lender

Product Desc.

Intro Rate

Intro Period Mths

Ongoing Rate

Actual Cost

ING

Fixed - 3y

6.29%

36

6.96%

$56679

AMP

Basic Fixed 3 yr

6.39%

36

7.02%

$57512

Suncorp

3yr fixed

6.39%

36

7.83%

$57577

ANZ

Fixed 3 Yr Breakfree

6.44%

36

7.00%

$58411

Heritage

3 Years fixed

6.49%

36

7.03%

$58505

St George

Fixed 3 yr Advantage

6.54%

36

6.90%

$59924

NAB

HomePlus Fixed 3 yr

6.44%

36

7.10%

$61962

Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator we rely on lenders and third parties to keep us up to date, the results should be used as an indication only. Where they constitute a quote they are our best effort and should not be considered a pre-qualification for a home loan.

Product Features

Interest Only (IO) may be restricted on LVR over 90%. We only indicate Offset account where it is a genuine 100% offset account. The early exit fees are banned as of 1st July 2011

Lender	Product	Annual Fee	Monthly Fee	Interest Type	Offset	Redraw	Est Costs
ANZ	Fixed 3 Yr Breakfree	$340	$0	P&I - IO	No	N/A	$0
ING	Fixed - 3y	$0	$0	P&I - IO	No	N/A	$719
St George	Fixed 3 yr Advantage	$395	$10	P&I - IO	No	N/A	$100
Suncorp	3yr fixed	$0	$10	P&I - IO	Yes		$600
AMP	Basic Fixed 3 yr	$0	$0	P&I - IO	Yes	Yes	$545
Heritage	3 Years fixed	$0	$5	P&I - IO	No	Yes	$600
NAB	HomePlus Fixed 3 yr	$0	$10	P&I - IO	Yes	Yes	$0

Additional Information

AMP - Basic Variable
AMP offer full banking facilities including transaction and cheque accounts with credit card and ATM access. Their ATM and EFTPOS comes with unlimited transaction on any RediTeller ATM (most credit unions) at no charge. Maximum LVR is 90% plus LMI for new customers and 95% for existing or 85% LVR for non-genuine savings. However, they are offering some interesting policy such as unlimited cash out up to 85% LVR. They also have very generous servicing policy such using 100% gross rental (conditions apply)or 50/50 responsibility on non-spousal split loans.

AMP accept spousal guarantor income for servicing purposes. (Note pre-approvals require upfront $350 fee - refunded on settlement). There is no application although settlement fee $250 and legal fee $295 still applies. DEF (deferred establishment fee) they have $1000 if you discharge the loan within first 4 years.

Their Basic Variable loan (currently special rate and $350 establishment fee waived) is anything but basic offering features often found only in expensive pro packs. It offers P&I or IO offers good flexibility with unlimited free redraw and no ongoing fees. And look at this you can link this loan to a 100% offset absolutely FREE with unlimited transactions via any RediTeller ATM (most credit unions) Eftpos, Cheque Book, BPay, BankNet, BankPhone, direct credit/debit unlimited cheque, Nil fees, Free internet access.

You can split the loan (fee waived on fixed split) if you want part fixed you can get that for no extra cost - ie: fixed and variable with offset account with NO ONGOING FEES!

ANZ - Breakfree loans greater than 250k
The Breakfree Package is a professional package offering tiered discounts. The discounts are based on your total borrowing from the standard variable). However the rate quoted requires a minimum of $250,000 borrowing and includes a 0.80% discount. Discounts of 0.90% may be available on loans over $500,000 and 1.0% on loans greater than $750,000

You can have up to 5 individual loan accounts including variable and fixed. To qualify you must have borrowing of at least $150,000, an ANZ Gold Credit Card and ANZ transaction or offset account. There is an annual package fee of $340 pa. which includes 3 valuation fees waived per annum, a fee free ANZ Gold credit card (there is additional $22pa if you choose to join the rewards program) and no ANZ transaction fees

Fixed Rates current get a 0.15% discount however are restricted to 5% or $5000 pa additional repayment without fee although the 1 year fixed can have an ANZ One Offset Account. There is a $500 approval fee plus $10 per month -(both waived under Breakfree or Portfolio) - rate lock is $750 and unlike most lenders ANZ rate lock applies even if rates fall.

END OF SAMPLE REPORT

Sample Home Loan Comparison Report