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<calculator>
  <vos>
    <common>
      <ProductFeed value="true" visible="true" />
      <ShowProductFeed value="true" />
      <ProductFeedURL value="https://aws-uat.infochoice.com.au/ich/handler/reportHandler?reportId=422&amp;reportView=ProductList&amp;reportOutput=XmlOld&amp;skinId=1,https://aws-uat.infochoice.com.au/ich/handler/reportHandler?reportId=437&amp;reportView=ProductList&amp;reportOutput=XmlOld&amp;skinId=1" />
      <AssumptionText type="cdata"><![CDATA[<p><b><font size="+1">Calculator Information</font></b></p><p>The Loan Comparison Calculator gives an indication of the total amounts payable under two alternative loans and then provides the comparative amount you could save by using the lower cost loan. The two loans allow for the entry of different expense amounts, both initial and monthly ongoing. In addition, the two loans allow for the entry of different introductory interest rates and terms, with different ongoing interest rates for the balance of the loan term. The calculation is done based on the repayment frequency selected by the user, in respect of the common loan parameters entered, namely amount and total term in years.</p><p><b><font size="+1">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 interest on a daily basis which means monthly interest may vary depending on the number of days in the particular month.<br /></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 increase in repayment amount will be a partial repayment as required to reduce the loan balance to zero.</p><p><b>Amounts of Totals Payable under each Loan</b></p><p>The website calculator quotes Total Amounts Payable under each loan that are rounded to the nearer dollar, after basing the calculations on unrounded repayment amounts.</p><p><b>Amount of Saving under Lower Cost Loan</b></p>
          <p>The calculation of the amount of repayments you could save under the lower cost loan is based on unrounded payment amounts. The amount you could save is quoted in dollars and cents, not rounded to the nearer dollar.</p><p><b>Interest Rate</b></p>
          <p>The interest rate used in this calculation is the ING Mortgage Simplifier Rate (SmartPack $250k+), which is a variable interest rate and may change at any time without notice.</p>]]></AssumptionText>
      <Footer type="cdata"><![CDATA[Fixed rate loans have varying terms, between one and five years, after which the rate will revert to the Mortgage Simplifier rate. The following fees have not been included in the calculator as they only apply if there is more than one loan and if other options are selected. A $499 fee applies for customers taking Smart Pack. 
          Additional fees that may be charged include a discharge fee of $250 plus legal costs on all loans.          Note: The results are an approximate guide and should not be used as exact values for financial planning purposes. The results do not constitute an offer to provide credit and do not imply that credit is available. The formulae used within this calculator may change at any time without notice. Applications are subject to ING’s usual credit assessment. Fees and charges apply. Full details of terms and conditions, including fees and charges are available on request. Calculator © InfoChoice 2020.
      ]]></Footer>
    </common>
    <loanComparisonV2>
      <IntroPeriod type="num" default="0" min="0" max="60" step="1" />
      <IntroPeriod2 type="num" default="0" min="0" max="60" step="1" />
      <IntroRate type="num" default="0" max="30" step="0.25" />
      <IntroRate2 type="num" default="0" max="30" step="0.25" />
      <UpfrontFees type="num" max="1000000" default="0" min="0" step="500" />
      <UpfrontFees2 type="num" max="1000000" default="0" min="0" step="500" />
      <LegalFees type="num" max="1000000" default="0" min="0" step="500" />
      <LegalFees2 type="num" max="1000000" default="0" min="0" step="500" />
      <OngoingFees type="num" max="10000" default="0" min="0" step="500" />
      <OngoingFees2 type="num" max="10000" default="0" min="0" step="500" />
      <OngoingRate type="num" default="0" max="30" min="0" step="0.25" />
      <OngoingRate2 type="num" default="0" max="30" min="0" step="0.25" />
      <MonthlyFees type="num" max="100" default="10" min="0" step="5" />
      <MonthlyFees2 type="num" max="100" default="10" min="0" step="5" />
      <MonthlyFeeSliderStepRanges value="0,100,10000" />
      <MonthlyFeeSliderStepValues value="5,500" />
      <MonthlyFeeInputMax value="10000" />
      <UpfrontFeeSliderStepRanges value="0,10000,100000,1000000" />
      <UpfrontFeeSliderStepValues value="1000,5000,10000" />
      <UpfrontFeeInputMax value="10000000" />
      <LegalFeeSliderStepRanges value="0,10000,100000,1000000" />
      <LegalFeeSliderStepValues value="1000,5000,10000" />
      <LegalFeeInputMax value="10000000" />
      <OngoingFeeSliderStepRanges value="0,1000,10000" />
      <OngoingFeeSliderStepValues value="50,500" />
      <OngoingFeeInputMax value="10000" />
      <ExitFees type="num" max="10000" />
      <ExitFees2 type="num" max="10000" />
      <FixedRateFee type="num" max="10000" />
      <FixedRateFee2 type="num" max="10000" />
      <LoanAmount type="num" default="100000" min="0" max="1000000" step="1000" />
      <LoanAmountRanges value="0,1000000,2000000,5000000,1000000" />
      <LoanAmountValues value="10000,50000,200000,500000" />
      <LoanAmountInputMax value="10000000" />
      <LoanTerm type="num" default="5" min="1" max="30" />
      <OngoingFeesFreq type="list" value="Annually,Monthly,Fortnightly,Weekly" selectedindex="0" />
      <Loan1Label type="string" value="Loan 1" />
      <Loan2Label type="string" value="Loan 2" />
      <Loan1TableHeading type="string" value="Loan 1" />
      <Loan2TableHeading type="string" value="Loan 2" />
      <LoanComparisonResultHeadingPostfix type="string" value="" />
      <LoanTypeForm label="Loan Type" />
      <LoanType2Form label="Loan Type" />
      <InterestRateForm label="Interest Rate" />
      <InterestRate2Form label="Interest Rate" />
      <FixedPeriodForm label="Fixed Term" />
      <FixedPeriod2Form label="Fixed Term" />
      <FixedRateForm label="Fixed Rate" />
      <FixedRate2Form label="Fixed Rate" />
      <IntroPeriodForm label="Intro Term" />
      <IntroPeriod2Form label="Intro Term" />
      <IntroRateForm label="Intro Rate" />
      <IntroRate2Form label="Intro Rate" />
      <OngoingRateForm label="Ongoing Rate" />
      <OngoingRate2Form label="Ongoing Rate" />
      <UpfrontFeesForm label="Upfront Fees" />
      <UpfrontFees2Form label="Upfront Fees" />
      <LegalFeesForm label="Legal Fees" />
      <LegalFees2Form label="Legal Fees" />
      <OngoingFeesForm label="Ongoing Fees" />
      <OngoingFees2Form label="Ongoing Fees" />
      <LoanAmountForm label="Loan Amount" />
      <LoanTermForm label="Loan Term" />
      <RepaymentsForm label="Repayment Frequency" />
      <TitleLabel text="Your Home Loan" />
    </loanComparisonV2>
  </vos>
</calculator>

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