Mortgage Ezy Propel Non Resident
Variable rateOffset
Mortgage Ezy Propel Non-Resident residential investment mortgage for eligible non-resident borrowers, available under Full Documentation.
- Interest rate a year, from
- 7.69%
- Comparison rate
- 8.22%
- Upfront fees
- $499
- Annual fee
- $499
- Monthly fee
- Not published
Monthly repayment
$600,000 over 30 years
What it would cost
At the lowest rate of 7.69% (variable, investment, 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
- $4,274
- Total repayments
- $1,538,504
- Interest
- $938,504
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 | Investment | Principal and interest | Up to 65% | 7.69% | 8.22% |
| Variable | Investment | Principal and interest | 65% to 70% | 7.79% | 8.31% |
| Variable | Investment | Principal and interest | 70% to 75% | 7.99% | 8.51% |
| Variable | Investment | Principal and interest | 75% to 80% | 8.09% | 8.61% |
| Variable | Investment | Interest only | Up to 65% | 7.89% | – |
| Variable | Investment | Interest only | 65% to 70% | 7.99% | – |
| Variable | Investment | Interest only | 70% to 75% | 8.19% | – |
| Variable | Investment | Interest only | 75% to 80% | 8.29% | – |
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
- $499
- Annual fee
- $499
- Monthly fee
- Not published
Features
- Offset account
- Yes
- Redraw
- No
- Highest LVR
- 80%
- Loan amount
- From $100,000 up to $2,000,000
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.
Upfront fees
$499
Typical upfront fees are $600.
Annual fee
$499
A typical annual fee is $350.
Smallest deposit
20%
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
- An annual fee. $499 a year, above the typical $350. Over a 30 year loan that's $14,970, though package fees often bring rate discounts.