Home loan repayments
Home Loan Offset Calculator
See how money sitting in an offset account cuts your interest and shortens your loan.
$
% p.a.
years
Repayment frequency
Offset account
$
$
Interest saved
$153,963.89
Loan repaid in 26 years, 8 months, 3 years, 4 months sooner.
- Monthly repayment
- $3,792.41
- Time saved
- 3 years, 4 months
Your balance, with and without the offset
- With offset
- Without offset
Show the figures as a tableHide the table
| Year | With offset | Without offset |
|---|---|---|
| 0 | $600,000 | $600,000 |
| 1 | $591,284 | $593,294 |
| 2 | $581,985 | $586,138 |
| 3 | $572,063 | $578,503 |
| 4 | $561,477 | $570,357 |
| 5 | $550,181 | $561,666 |
| 6 | $538,129 | $552,392 |
| 7 | $525,270 | $542,497 |
| 8 | $511,550 | $531,940 |
| 9 | $496,911 | $520,676 |
| 10 | $481,291 | $508,657 |
| 11 | $464,626 | $495,833 |
| 12 | $446,844 | $482,150 |
| 13 | $427,871 | $467,551 |
| 14 | $407,628 | $451,975 |
| 15 | $386,029 | $435,355 |
| 16 | $362,983 | $417,622 |
| 17 | $338,394 | $398,701 |
| 18 | $312,159 | $378,514 |
| 19 | $284,166 | $356,974 |
| 20 | $254,298 | $333,992 |
| 21 | $222,431 | $309,470 |
| 22 | $188,428 | $283,307 |
| 23 | $152,149 | $255,391 |
| 24 | $113,440 | $225,605 |
| 25 | $72,139 | $193,825 |
| 26 | $28,072 | $159,916 |
| 27 | $0 | $123,737 |
| 28 | $0 | $85,134 |
| 29 | $0 | $43,946 |
| 30 | $0 | $0 |
How this calculator works
- Your offset balance reduces the balance that interest is charged on. Your repayment stays the same, so more of it goes to principal.
- The offset balance stays the same unless you add a monthly top-up.
- Interest compounds at the repayment frequency. A year is 12 months, 26 fortnights or 52 weeks.
- The interest rate stays the same for the whole term.
Results are general estimates only and are not credit, tax or financial advice. They do not take your objectives, financial situation or needs into account. Check the figures with a licensed professional before making a decision.
Related calculators
- Extra Repayment CalculatorSee the difference additional payments will make on your home loan.
- Lump Sum Repayment CalculatorCalculate how much a lump sum payment on your loan will save you.
- Mortgage Switching CalculatorSee what it costs to move your loan to a new lender and what you could save.
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