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- Home Loans
- Community First Bank
- Balance Variable Home Loan (Principal and Interest)
Balance Variable
- Owner Occupied
- Variable
- 2% min deposit
- P&I
Interest rate p.a.
6.29%
Comparison rate* p.a.
6.34%
Balance Variable
- Owner Occupied
- Variable
- 2% min deposit
- P&I
Interest rate p.a.
6.29%
Comparison rate* p.a.
6.34%
Calculate your repayments for this loan
$
Your estimated repayment
$3,092
based on 500000 loan amount for 25 years at 6.29%
Monthly Repayment
$3,092
Total interest
$612,978
Total payments
$1,112,978
Start date
05-2024
End date
05-2049
$1,112,978
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Balance Variable
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- 100% full offset account
- Suitable for low deposits
- Extra repayments and redraw facility
- Free redraw facility
Drawbacks
- Not available for first home buyers
- Higher than average upfront fee
- No repayment holidays
Community First Bank Variable Rate Home Loan overview
For Balance Variable Home Loan (Principal and Interest)
Details
Maximum LVR
98%
Total repayments
$1,112,978
Interest rate type
Variable
Borrowing range
$10k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Community First Bank to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$600
Application fee
$600
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$0
