Offset Account Savings
Enter your mortgage details and offset account balance.
Interest saved with offset
$0
Term reduced by: 0 yrs
Standard payoff
0 yrs
With offset
0 yrs
Standard interest
$0
Offset interest
$0
Effective rate
0%
Tax-equivalent yield
0%
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Loan balance ($) | $300,000 |
| Interest rate (%) | 6% |
| Loan term (years) | 30 |
| Offset account balance ($) | $50,000 |
| Result | Value |
|---|---|
| Interest saved with offset | $169,330 |
| Standard payoff | 30.0 yrs |
| With offset | 22.2 yrs |
| Standard interest | $347,515 |
| Offset interest | $178,185 |
| Effective rate | 5.00% |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Offset Account Savings
- Loan balance ($) — default $300,000
- Interest rate (%) — default 6%
- Loan term (years) — default 30
- Offset account balance ($) — default $50,000
- Press Calculate to update the results instantly.