See how an offset account strategy could help you pay off your home loan sooner and save thousands along the way.
Enter your income, expenses and liabilities below. Select the frequency for each item - all results are shown as monthly totals.
Disclaimer: This calculator is provided as a guide only and does not constitute financial, tax or legal advice. Results are estimates based on the information you enter and assume a constant interest rate over the loan term. Actual outcomes may vary depending on lender policies, interest rate changes, fees, and your individual circumstances. Loan Hive Pty Ltd (Credit Representative Number 563935) recommends you seek independent financial advice before making any decisions.
Enter your home loan details as they are today.
Standard repayments only, no offset account.
See the impact of keeping your surplus in an offset account linked to your home loan.
Your starting offset balance plus additional monthly surplus saved into offset.
Disclaimer: This calculator is provided as a guide only and does not constitute financial, tax or legal advice. Results are estimates based on the information you enter and assume a constant interest rate over the loan term. Actual outcomes may vary depending on lender policies, interest rate changes, fees, and your individual circumstances. Loan Hive Pty Ltd (Credit Representative Number 563935) recommends you seek independent financial advice before making any decisions.
Add large purchases you're planning (new car, holiday, renovation). These will be deducted from your offset account, and the summary will show the impact on your home loan.
Disclaimer: This calculator is provided as a guide only and does not constitute financial, tax or legal advice. Results are estimates based on the information you enter and assume a constant interest rate over the loan term. Actual outcomes may vary depending on lender policies, interest rate changes, fees, and your individual circumstances. Loan Hive Pty Ltd (Credit Representative Number 563935) recommends you seek independent financial advice before making any decisions.
Based on Option 2: Offset + monthly savings - your starting offset balance plus additional monthly surplus saved into offset.
| Year | Opening Balance | Offset Balance | Purchases | Loan Balance Net of Offset |
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Disclaimer: This calculator is provided as a guide only and does not constitute financial, tax or legal advice. Results are estimates based on the information you enter and assume a constant interest rate over the loan term. Actual outcomes may vary depending on lender policies, interest rate changes, fees, and your individual circumstances. Loan Hive Pty Ltd (Credit Representative Number 563935) recommends you seek independent financial advice before making any decisions.
