Comparison rate schedule for Reverse Mortgages

A Newcastle Permanent Reverse Mortgage loan allows you to free up and access the equity you've built up in your home to do the things you've always wanted.

Product Name		Variable	Fixed 5 years	Fixed 10 years	Fixed 15 years	Fixed 20 years	Lifetime Fixed
Annual Percentage Rate		9.35%p.a.	8.95% p.a.	8.95% p.a.	8.95% p.a.	8.95% p.a.	8.75% p.a.
Amount	Term
$20,000	4 years	11.14%	10.74%	10.74%	10.74%	10.74%	10.54%
$25,000	5 years	10.49%	10.09%	10.09%	10.09%	10.09%	9.90%
$30,000	5 years	10.31%	9.91%	9.91%	9.91%	9.91%	9.71%
$50,000	7 years	9.76%	9.47%	9.36%	9.36%	9.36%	9.16%
$70,000	25 years	9.43%	9.35%	9.27%	9.19%	9.11%	8.83%
$100,000	25 years	9.40%	9.32%	9.24%	9.16%	9.08%	8.80%
$130,000	25 years	9.39%	9.31%	9.23%	9.15%	9.07%	8.79%
$150,000	25 years	9.39%	9.31%	9.23%	9.15%	9.07%	8.79%
$200,000	25 years	9.38%	9.30%	9.22%	9.14%	9.06%	8.78%
$225,000	25 years	9.37%	9.29%	9.21%	9.13%	9.05%	8.77%
$250,000	25 years	9.37%	9.29%	9.21%	9.13%	9.05%	8.77%
$275,000	30 years	9.37%	9.30%	9.23%	9.17%	9.10%	8.77%
$300,000	30 years	9.36%	9.30%	9.23%	9.16%	9.10%	8.76%

Rate(s) effective as at 20 October 2008

Warning: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.