Home Loan OffsetCalculator

How this home loan offset calculator works

This home loan offset calculator shows you how much interest you can save by keeping money in an offset account linked to your mortgage.

This offset account calculator shows you how keeping money in an offset can reduce the interest charged on your home loan. Instead of earning taxable interest in a savings account, your money sits in an offset and effectively lowers the loan balance that interest is calculated on, which can save you money and shorten your loan term.

In Sydney and the Hills District, many borrowers use offset accounts as part of a broader strategy: parking salaries, savings and surplus cash in the offset while still having access to funds when needed. Different lenders offer different types of offset (100% offset, partial offset, multiple offsets), so it's important to compare features, not just headline rates.

• See how much interest you could save with an offset account
• Compare scenarios with different offset balances and contributions
• Understand how an offset can reduce your loan term
• Explore whether an offset or simple redraw suits you better

How to make the most of a mortgage offset account

An offset works best when you keep money in it consistently. Some practical ways to maximise your offset include:

• Having your salary paid directly into the offset account
• Keeping your emergency fund and short-term savings in offset rather than a standard account
• Aligning your repayment frequency with your pay cycle to keep the offset balance higher for longer
• Reviewing your loan regularly to ensure the offset and rate still suit your goals

We can help you compare offset home loans from different lenders and design a simple money flow that uses your offset account to reduce interest while keeping your day-to-day banking easy.

Home loan offset calculator FAQs