Home Loan Offset Calculator
An offset account can reduce your daily interest charged so you can pay your home loan off sooner.
This calculator helps you estimate how much interest and loan term you can save by utilising a Home Loan Offset Account.
Learn how to structure your offset accounts and pay off your home loan as quickly as possible →
Offset Account Calculator
Is the Offset Account Fee Worth It?
Some lenders charge an annual or monthly fee for an offset account. This calculator shows exactly how much you need to keep in your offset to cover that cost — making the fee irrelevant compared to the interest you save.
Your Home Loan Consultant
Offset Break-Even Calculator
Enter your current home loan rate, or use 6% as a guide.
Balance required in offset to cover each fee structure
Offset account vs. basic loan with redraw
- –No annual fee — but no offset either
- –Extra repayments reduce balance but are locked away
- –Redraw is at the lender's discretion — not guaranteed
- –Cannot run multiple accounts to separate spending
- –Income does not flow through — no daily interest saving
- –Not recommended if home is to become future investment property
- ✓Every dollar of income reduces interest immediately
- ✓Funds remain fully accessible — your money, your control
- ✓Run multiple offsets to separate spending categories
- ✓Fee covered once your balance exceeds the break-even point
- ✓Foundation for the debt recycling wealth strategy
- ✓Typically saves far more than the fee within the first month
Not sure which loan and offset structure is right for you? Let's review your situation.
Book a Free Mortgage Strategy Call →Calculations are indicative only, based on simple interest. Actual interest savings depend on your loan balance, repayment schedule, and lender terms. This calculator does not constitute financial advice.