Calculator
Offset calculator
Money in a 100% offset account reduces the balance you pay interest on. See how much it could save.
Estimate only, using the figures you enter. Not a quote or offer of credit, and it does not consider your objectives, financial situation or needs. Loan products have a comparison rate, fees and charges.
How this works
- Assumes a 100% offset account with the same balance held for the life of the loan, and repayments unchanged.
- Interest compounds at your repayment frequency, and a year is 12 months, 26 fortnights or 52 weeks. The interest rate stays the same.
- Offset accounts can carry package fees, which are not included here; include them when comparing.
Worth a read.
Offset accounts: how they reduce your home loan interest
How a mortgage offset account works, an illustrative example of the interest it can save, how it compares with redraw and the fees to weigh up.
Split loans: combining a fixed and variable home loan
How a split home loan works, the pros and cons of fixed and variable portions, and how extra repayments and offset accounts fit in.