Home Loans

Home Loan Offset Calculator (Australia)

An offset account holds cash that's netted off your home-loan balance before interest is calculated. $50,000 in offset on a $500,000 loan means interest accrues on $450,000. The calculator shows the lifetime interest saving and how many years come off the term for a given offset balance. Useful for households deciding whether the offset's monthly fee is worth paying given their typical cash holdings.

Home Loan Offset
See how your offset account balance reduces the interest on your home loan.
$500,000
$
6.25%
%
30 yr
yr
$50,000
$
Monthly Repayment
$3,078.59
Interest Charged On
$450,000
Interest Saved
$209,306
Time Saved
5y 7m
Total Interest (no offset)
$608,291
Total Interest (with offset)
$398,985
These results are indicative estimates only. They do not constitute financial advice. Actual repayments, costs, and savings may vary. Always verify with a licensed Australian mortgage broker.