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thanks for the quick replies. I just have one more question regarding an offset account - if you hve $ in an offset account do you still pay the same amount each month (and the extra goes towards paying off the principle) or your monthly payment reduce ?

Hi, I'm trying to work out if one of the following options is better than the other. Here is the scenario: Buy a 200k Property Have a total of 50k to put down as a deposit. Loan term: say 25 years Interest rate: 6% Monthly repayments Option a) Loan of 150k and deposit of 50k...