Home Loan Offset Calculator
Calculate your Home Loan Offset repayments
Use our home loan offset repayment calculator to see how much you may be able to save by using an offset account. Enter your loan details and offset balance and compare the results.
Calculate the timeline of your home loan offset repayments.
An offset account can possibly help to lower the amount of interest you pay on your loan and potentially shorten your overall repayment period.
Simply enter the details of your home loan, including the amount, interest rate, term, and the repayment frequency. Then enter the balance of your offset account and see how much interest you could potentially save and how much faster you may possibly be able to pay off your loan. You can also compare different scenarios and see how changing the offset balance or the interest rate can affect your savings and repayment timeline.
If you have further questions about your home loan offset repayments and would like to book an appointment with our lending team, click the link below.
Frequently asked questions
Our home loan offset calculator is a simple and convenient tool that lets you see how your offset account can save you money and time on your home loan.
All you need to do is enter the details of your home loan, such as the loan amount, interest rate, loan term, and repayment frequency. Then enter the balance of your offset account and see how much interest you will save and how much faster you will pay off your loan. You can also compare different scenarios and see how changing the offset balance or the interest rate can affect your savings and repayment time.
An offset account is a type of savings account that is linked to your home loan. The money in your offset account is ‘offset’ against the remaining balance of your loan and reduces the amount of interest you pay. For example, if you have an offset account of $20,000 and a home loan balance of $100,000, you would only be paying interest on the remaining $80,000 of your loan.
However, you would not be earning interest on the $20,000 in your offset account, so it’s worth crunching the numbers and speaking to a financial advisor such as someone at our Private Wealth department to make sure you’re making the most out of your money.
At DPM we pride ourselves on being experts on getting medical professionals loans that suit their personal and professional lifestyle, goals, and needs.
Medical professionals have specific financial requirements and our specialised lending team is on hand to provide advice to suit each individual client.
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