Estimated interest savedOwner occupier · 6.49% p.a. · 30 years · Offset starts now. Compared with the same loan without an offset, paid off 7 years, 5 months sooner.
- Monthly P&I repayment
- $3,158 / mo
- Weekly equivalent
- $729 / wk
- Fortnightly equivalent
- $1,458 / fn
- Interest without offset
- $636,538.93
- Interest with offset
- $354,295.59
- Loan-term reduction
- 7 years, 5 months
- Offset covers loan balance after
- 19 years, 8 months
Monthly deposits tracked$300.00 average monthly deposit · Offset starts now
How the saving is calculated
- The same starting balance, rate and original P&I repayment are used in both schedules.
- Interest saved is interest without the offset minus interest with the offset.
- Only the net balance attracts interest: the loan balance less the offset balance, never below zero.
- Regular and lump-sum deposits increase the offset balance, not the loan repayment.
- Weekly and fortnightly equivalents are converted from the monthly repayment (monthly × 12 ÷ 52 or ÷ 26) and rounded up.
- Deposits are added at the start of each month; interest is calculated monthly on the loan balance less the offset balance.
- This is an estimate; rates, fees and day-count may change the live result.
General information only — this is an estimate, not a quote, credit offer or personal financial recommendation.
