Mortgage Offset Calculator

Discover how offset accounts can save you thousands in interest and reduce your loan term. Compare scenarios with different offset balances.

%
years

Average balance maintained in offset account

Offset Benefits Analysis

Monthly Repayment

$2,839

Principal & Interest

Time Saved

6 Years, 4 Months

Earlier payoff

Interest Saved

$215,760

Total savings

Effective Balance

$450,000

Loan minus offset

With Offset Account

Loan Term: 23 Years, 8 Months

Total Interest: $306,260

Without Offset Account

Loan Term: 30 Years

Total Interest: $522,020

Important: This calculator provides an estimate for illustrative purposes. It assumes the offset balance remains constant and repayments are principal and interest. Actual savings may vary based on loan features, fees, and individual circumstances. Consult with a financial adviser or lender.