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Mortgage Ezy

Mortgage Ezy Propel Full Doc

Variable rateOffset

Mortgage Ezy Propel Full Doc residential mortgage for owner-occupied or investment purposes.

Written byDavid Boyd
Interest rate a year, from
6.49%
Comparison rate
6.55%
Upfront fees
$500
Annual fee
Not published
Monthly fee
$10

Monthly repayment

$600,000 over 30 years

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What it would cost

At the lowest rate of 6.49% (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
$3,798
Total repayments
$1,367,447
Interest and monthly fees
$767,447

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.

RatePropertyRepaymentsLVRInterest rateComparison rate
VariableLive inPrincipal and interestUp to 65%6.49%6.55%
VariableLive inPrincipal and interest65% to 70%6.64%6.70%
VariableLive inPrincipal and interest70% to 75%6.89%6.95%
VariableLive inPrincipal and interest75% to 80%6.89%6.95%
VariableLive inPrincipal and interest80% to 85%7.34%7.45%
VariableLive inPrincipal and interest85% to 90%7.44%7.60%
VariableLive inInterest onlyUp to 65%6.69%–
VariableLive inInterest only65% to 70%6.84%–
VariableLive inInterest only70% to 75%7.09%–
VariableLive inInterest only75% to 80%7.09%–
VariableLive inInterest only80% to 85%7.54%–
VariableLive inInterest only85% to 90%7.64%–
VariableInvestmentPrincipal and interestUp to 65%6.79%–
VariableInvestmentPrincipal and interest65% to 70%6.94%–
VariableInvestmentPrincipal and interest70% to 75%7.19%–
VariableInvestmentPrincipal and interest75% to 80%7.19%–
VariableInvestmentPrincipal and interest80% to 85%7.64%–
VariableInvestmentPrincipal and interest85% to 90%7.74%–
VariableInvestmentInterest onlyUp to 65%6.99%–
VariableInvestmentInterest only65% to 70%7.14%–
VariableInvestmentInterest only70% to 75%7.39%–
VariableInvestmentInterest only75% to 80%7.39%–
VariableInvestmentInterest only80% to 85%7.84%–
VariableInvestmentInterest only85% to 90%7.94%–

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
$500
Annual fee
Not published
Monthly fee
$10

Features

Offset account
Yes
Redraw
No
Highest LVR
90%
Loan amount
From $100,000 up to $1,000,000

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.

Variable rate

6.89%

For a home you live in, paying principal and interest. Typical is 6.62%.

Comparison rate

6.95%

For the same rate. Typical is 6.70%.

Upfront fees

$500

Typical upfront fees are $600.

Smallest deposit

10%

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

Nothing stands out.

Similar home loans

Home loans from other lenders with a similar starting variable rate, for a home you live in with a 20% deposit.