Community First Credit Union GO BASIC 3 YEAR FIXED HOME LOAN - OWNER-OCCUPIED LVR 95% (Principal and Interest)
Fixed rateRedraw
A fixed rate for 3 years for owner occupiers with a maximum LVR of 95% wanting certainty of repayments for a period. Includes access to redraw and the ability to make extra repayments.
- Interest rate a year, from
- 6.69%
- Comparison rate
- 6.57%
- Upfront fees
- $2,100
- Annual fee
- $50
- Monthly fee
- Not published
Monthly repayment
$600,000 over 30 years
What it would cost
At the lowest rate of 6.69% (3 year fixed, live in, principal and interest). The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.
- Monthly repayment
- $3,868
- Total repayments
- $1,392,368
- Interest
- $792,368
Rates
Every rate Community First Credit Union publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.
| Rate | Property | Repayments | LVR | Interest rate | Comparison rate |
|---|---|---|---|---|---|
| 3 year fixed | Live in | Principal and interest | Any | 6.69% | 6.57% |
Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fees and features
Fees
- Upfront fees
- $2,100
- Annual fee
- $50
- Monthly fee
- Not published
Features
- Offset account
- No
- Redraw
- Yes
- Highest LVR
- 95%
- Loan amount
- From $50,000
How it compares
Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.
Upfront fees
$2,100
Typical upfront fees are $600.
Annual fee
$50
A typical annual fee is $350.
Smallest deposit
5%
Most loans need at least 10% of the price.
Pros and cons
Pros
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
- Redraw. You can take back extra repayments later if you need the money.
- Fixed rates on offer. You can fix for 3 years if you'd like repayments that don't change for a while.
Cons
- Higher upfront fees. $2,100, above the typical $600, which adds to the cash you need at settlement.
- No offset account. Your savings can't reduce the interest unless you pay them into the loan.
- An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.
- A $25 late payment fee. Setting up automatic repayments avoids it.