Mortgage Ezy Propel Ezy Vacant Land – Lo Doc
Variable rateOffset
Mortgage Ezy Propel vacant-land mortgage under the Lo Doc pathway, for owner-occupied or investment purposes.
- Interest rate a year, from
- 7.99%
- Comparison rate
- 8.11%
- Upfront fees
- $2,349
- Annual fee
- $395
- Monthly fee
- $10
Monthly repayment
$600,000 over 30 years
What it would cost
At the lowest rate of 7.99% (variable, live in, principal and interest), including the monthly fee. The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.
- Monthly repayment
- $4,408
- Total repayments
- $1,587,026
- Interest and monthly fees
- $987,026
Rates
Every rate Mortgage Ezy 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 |
|---|---|---|---|---|---|
| Variable | Live in | Principal and interest | Up to 65% | 7.99% | 8.11% |
| Variable | Live in | Principal and interest | 65% to 70% | 8.09% | 8.21% |
| Variable | Live in | Principal and interest | 70% to 75% | 8.19% | 8.31% |
| Variable | Live in | Principal and interest | 70% to 75% | 8.59% | – |
| Variable | Live in | Interest only | Up to 65% | 8.19% | – |
| Variable | Live in | Interest only | 65% to 70% | 8.29% | – |
| Variable | Live in | Interest only | 70% to 75% | 8.39% | – |
| Variable | Live in | Interest only | 70% to 75% | 8.79% | – |
| Variable | Investment | Principal and interest | Up to 65% | 7.99% | – |
| Variable | Investment | Principal and interest | 65% to 70% | 8.09% | – |
| Variable | Investment | Principal and interest | 70% to 75% | 8.19% | – |
| Variable | Investment | Principal and interest | 70% to 75% | 8.59% | – |
| Variable | Investment | Interest only | Up to 65% | 8.19% | – |
| Variable | Investment | Interest only | 65% to 70% | 8.29% | – |
| Variable | Investment | Interest only | 70% to 75% | 8.39% | – |
| Variable | Investment | Interest only | 70% to 75% | 8.79% | – |
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
- $2,349
- Annual fee
- $395
- Monthly fee
- $10
Features
- Offset account
- Yes
- Redraw
- No
- Highest LVR
- 75%
- Loan amount
- From $100,000 up to $1,200,000
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
$2,349
Typical upfront fees are $600.
Annual fee
$395
A typical annual fee is $350.
Smallest deposit
25%
Most loans need at least 10% of the price.
Pros and cons
Pros
- An offset account. Money in it is taken off your balance when interest is worked out, so your savings and pay cut the interest while staying easy to reach.
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
- Interest only available. Some investors use it to keep repayments down for a few years, though the balance doesn't fall in that time.
Cons
- Higher upfront fees. $2,349, above the typical $600, which adds to the cash you need at settlement.