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<calculator>
  <vos>
    <common>
      <Footer type="cdata"><![CDATA[All interest rates referred to in the calculators are current, as indicated on westpac.com.au/homeloans.  <p>The interest rates represented on this page are Westpac's standard interest rates and exclude any package or promotional discounts and are subject to change.   When assessing ability to service a loan, Westpac may use an interest rate that is higher than the current interest rate for the loan requested.  </p><p>The output of each calculator, is subject to the assumptions provided under each calculator and are subject to change.</p>  These calculations do not constitute an offer of credit or a quote and are only an estimate of what you may be able to borrow based on the accuracy of the information provided. It doesn't take into account any product features or any applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice.  <br/><br/>Copyright © 2013 Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 Australian Credit Licence 233714]]></Footer>
      <AssumptionText type="cdata"><![CDATA[<p><b><font size="+1" style="color:#621A4B">Calculator information</font></b></p><p>The Lump Sum Payment Calculator calculates the time saved to pay off the loan and the amount of interest saved if a single additional lump sum repayment is made, equal to the entered amount of additional lump sum repayment after the loan has been in force for the entered number of years, in addition to continuing the regular repayments. The calculation is done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.</p><p><b><font size="+1" style="color:#621A4B">Calculator assumptions</font></b></p><p><b>Length of month</b></p><p>All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days' interest dependent on the number of days in the particular month.</p><p><b>Number of weeks &amp; fortnights in a year</b></p><p>One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.</p><p><b>Rounding of amount of each repayment</b></p><p>In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment, after the additional lump sum repayment amount, will be a partial repayment as required to reduce the loan balance to zero.</p><p><b>Amount of time saved</b></p><p>The time saved is presented as a number of years and months/fortnights/weeks, based on the frequency entered by the user.</p><p><b>Amount of interest saved</b></p><p>The amount of interest saved is approximated from the amount of time saved.</p>]]></AssumptionText>
    </common>
    <lumpSum>
      <LoanTerm type="num" default="30" min="3" max="30" />
      <InterestRate type="num" default="5.24" max="20" />
      <LumpSumAmount type="num" default="0" min="0" />
      <LumpSumPaidAfter type="num" default="0" min="0" />
    </lumpSum>
  </vos>
  <components>
    <LumpSumRepaymentsPanel title="Lump sum payment" />
    <TitleLabel label="Your home loan" />
    <TitleLabelSecond label="Your lump sum" />
    <LoanAmountForm label="Loan amount" />
    <LoanPeriodForm label="Loan period" />
    <LoanTypeForm label="Loan type" />
    <InterestRateForm label="Interest rate" />
    <OngoingRateForm label="Ongoing rate" />
    <FixedRateForm label="Fixed rate" />
    <FixedTermForm label="Fixed term" />
    <IntroRateForm label="Intro rate" />
    <IntroTermForm label="Intro term " />
    <RepaymentFrequencyForm label="Repayment frequency" />
    <LumpSumAmountForm label="Lump sum amount" />
    <LumpSumPaidAfterForm label="Lump sum payment made after" />
    <InterestSavedForm label="Interest &lt;br&gt; saved" />
    <TimeSavedForm label="Time &lt;br&gt; saved" />
  </components>
</calculator>

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