Offset Loan Calculator
Calculate offset mortgage payments, interest savings, and repayment schedules. Plan your offset loan with ANZ, NAB, YBS, Nationwide, Coventry, and other lenders for Australia, New Zealand, and UK.
Offset Loan Details
Summary
Monthly Payment
$1,520.06
Interest Saved
$107,730.89
Time Saved
70 months
Payoff Date
December 1, 2049
Total Interest
$139,489.25
Total Payment
$440,817.40
Payment Schedule
| Month | Date | Beginning Balance | Principal | Interest | Offset Balance | Effective Balance | Total | Ending Balance |
|---|---|---|---|---|---|---|---|---|
| 1 | November 1, 2025 | $300,000.00 | $582.56 | $937.50 | $50,000.00 | $250,000.00 | $1,520.06 | $299,417.44 |
| 2 | December 1, 2025 | $299,417.44 | $584.74 | $935.32 | $50,000.00 | $249,417.44 | $1,520.06 | $298,832.70 |
| 3 | January 1, 2026 | $298,832.70 | $586.93 | $933.12 | $50,000.00 | $248,832.70 | $1,520.06 | $298,245.77 |
| 4 | February 1, 2026 | $298,245.77 | $589.13 | $930.92 | $50,000.00 | $248,245.77 | $1,520.06 | $297,656.64 |
| 5 | March 1, 2026 | $297,656.64 | $591.34 | $928.71 | $50,000.00 | $247,656.64 | $1,520.06 | $297,065.29 |
| 6 | April 1, 2026 | $297,065.29 | $593.56 | $926.49 | $50,000.00 | $247,065.29 | $1,520.06 | $296,471.73 |
| 7 | May 1, 2026 | $296,471.73 | $595.79 | $924.27 | $50,000.00 | $246,471.73 | $1,520.06 | $295,875.94 |
| 8 | June 1, 2026 | $295,875.94 | $598.02 | $922.03 | $50,000.00 | $245,875.94 | $1,520.06 | $295,277.92 |
| 9 | July 1, 2026 | $295,277.92 | $600.26 | $919.79 | $50,000.00 | $245,277.92 | $1,520.06 | $294,677.66 |
| 10 | August 1, 2026 | $294,677.66 | $602.51 | $917.54 | $50,000.00 | $244,677.66 | $1,520.06 | $294,075.14 |
| 11 | September 1, 2026 | $294,075.14 | $604.77 | $915.28 | $50,000.00 | $244,075.14 | $1,520.06 | $293,470.37 |
| 12 | October 1, 2026 | $293,470.37 | $607.04 | $913.01 | $50,000.00 | $243,470.37 | $1,520.06 | $292,863.33 |
| 13 | November 1, 2026 | $292,863.33 | $609.32 | $910.74 | $50,000.00 | $242,863.33 | $1,520.06 | $292,254.01 |
| 14 | December 1, 2026 | $292,254.01 | $611.60 | $908.45 | $50,000.00 | $242,254.01 | $1,520.06 | $291,642.41 |
| 15 | January 1, 2027 | $291,642.41 | $613.90 | $906.16 | $50,000.00 | $241,642.41 | $1,520.06 | $291,028.51 |
| 16 | February 1, 2027 | $291,028.51 | $616.20 | $903.86 | $50,000.00 | $241,028.51 | $1,520.06 | $290,412.31 |
| 17 | March 1, 2027 | $290,412.31 | $618.51 | $901.55 | $50,000.00 | $240,412.31 | $1,520.06 | $289,793.80 |
| 18 | April 1, 2027 | $289,793.80 | $620.83 | $899.23 | $50,000.00 | $239,793.80 | $1,520.06 | $289,172.97 |
| 19 | May 1, 2027 | $289,172.97 | $623.16 | $896.90 | $50,000.00 | $239,172.97 | $1,520.06 | $288,549.81 |
| 20 | June 1, 2027 | $288,549.81 | $625.49 | $894.56 | $50,000.00 | $238,549.81 | $1,520.06 | $287,924.32 |
| 21 | July 1, 2027 | $287,924.32 | $627.84 | $892.22 | $50,000.00 | $237,924.32 | $1,520.06 | $287,296.48 |
| 22 | August 1, 2027 | $287,296.48 | $630.19 | $889.86 | $50,000.00 | $237,296.48 | $1,520.06 | $286,666.29 |
| 23 | September 1, 2027 | $286,666.29 | $632.56 | $887.50 | $50,000.00 | $236,666.29 | $1,520.06 | $286,033.73 |
| 24 | October 1, 2027 | $286,033.73 | $634.93 | $885.13 | $50,000.00 | $236,033.73 | $1,520.06 | $285,398.80 |
| 25 | November 1, 2027 | $285,398.80 | $637.31 | $882.75 | $50,000.00 | $235,398.80 | $1,520.06 | $284,761.49 |
| 26 | December 1, 2027 | $284,761.49 | $639.70 | $880.36 | $50,000.00 | $234,761.49 | $1,520.06 | $284,121.79 |
| 27 | January 1, 2028 | $284,121.79 | $642.10 | $877.96 | $50,000.00 | $234,121.79 | $1,520.06 | $283,479.69 |
| 28 | February 1, 2028 | $283,479.69 | $644.51 | $875.55 | $50,000.00 | $233,479.69 | $1,520.06 | $282,835.18 |
| 29 | March 1, 2028 | $282,835.18 | $646.92 | $873.13 | $50,000.00 | $232,835.18 | $1,520.06 | $282,188.26 |
| 30 | April 1, 2028 | $282,188.26 | $649.35 | $870.71 | $50,000.00 | $232,188.26 | $1,520.06 | $281,538.91 |
| 31 | May 1, 2028 | $281,538.91 | $651.79 | $868.27 | $50,000.00 | $231,538.91 | $1,520.06 | $280,887.12 |
| 32 | June 1, 2028 | $280,887.12 | $654.23 | $865.83 | $50,000.00 | $230,887.12 | $1,520.06 | $280,232.89 |
| 33 | July 1, 2028 | $280,232.89 | $656.68 | $863.37 | $50,000.00 | $230,232.89 | $1,520.06 | $279,576.21 |
| 34 | August 1, 2028 | $279,576.21 | $659.15 | $860.91 | $50,000.00 | $229,576.21 | $1,520.06 | $278,917.07 |
| 35 | September 1, 2028 | $278,917.07 | $661.62 | $858.44 | $50,000.00 | $228,917.07 | $1,520.06 | $278,255.45 |
| 36 | October 1, 2028 | $278,255.45 | $664.10 | $855.96 | $50,000.00 | $228,255.45 | $1,520.06 | $277,591.35 |
| 37 | November 1, 2028 | $277,591.35 | $666.59 | $853.47 | $50,000.00 | $227,591.35 | $1,520.06 | $276,924.76 |
| 38 | December 1, 2028 | $276,924.76 | $669.09 | $850.97 | $50,000.00 | $226,924.76 | $1,520.06 | $276,255.68 |
| 39 | January 1, 2029 | $276,255.68 | $671.60 | $848.46 | $50,000.00 | $226,255.68 | $1,520.06 | $275,584.08 |
| 40 | February 1, 2029 | $275,584.08 | $674.12 | $845.94 | $50,000.00 | $225,584.08 | $1,520.06 | $274,909.96 |
| 41 | March 1, 2029 | $274,909.96 | $676.64 | $843.41 | $50,000.00 | $224,909.96 | $1,520.06 | $274,233.32 |
| 42 | April 1, 2029 | $274,233.32 | $679.18 | $840.87 | $50,000.00 | $224,233.32 | $1,520.06 | $273,554.14 |
| 43 | May 1, 2029 | $273,554.14 | $681.73 | $838.33 | $50,000.00 | $223,554.14 | $1,520.06 | $272,872.41 |
| 44 | June 1, 2029 | $272,872.41 | $684.28 | $835.77 | $50,000.00 | $222,872.41 | $1,520.06 | $272,188.13 |
| 45 | July 1, 2029 | $272,188.13 | $686.85 | $833.21 | $50,000.00 | $222,188.13 | $1,520.06 | $271,501.28 |
| 46 | August 1, 2029 | $271,501.28 | $689.43 | $830.63 | $50,000.00 | $221,501.28 | $1,520.06 | $270,811.85 |
| 47 | September 1, 2029 | $270,811.85 | $692.01 | $828.04 | $50,000.00 | $220,811.85 | $1,520.06 | $270,119.84 |
| 48 | October 1, 2029 | $270,119.84 | $694.61 | $825.45 | $50,000.00 | $220,119.84 | $1,520.06 | $269,425.23 |
| 49 | November 1, 2029 | $269,425.23 | $697.21 | $822.84 | $50,000.00 | $219,425.23 | $1,520.06 | $268,728.02 |
| 50 | December 1, 2029 | $268,728.02 | $699.83 | $820.23 | $50,000.00 | $218,728.02 | $1,520.06 | $268,028.19 |
| 51 | January 1, 2030 | $268,028.19 | $702.45 | $817.61 | $50,000.00 | $218,028.19 | $1,520.06 | $267,325.74 |
| 52 | February 1, 2030 | $267,325.74 | $705.08 | $814.97 | $50,000.00 | $217,325.74 | $1,520.06 | $266,620.66 |
| 53 | March 1, 2030 | $266,620.66 | $707.73 | $812.33 | $50,000.00 | $216,620.66 | $1,520.06 | $265,912.93 |
| 54 | April 1, 2030 | $265,912.93 | $710.38 | $809.67 | $50,000.00 | $215,912.93 | $1,520.06 | $265,202.55 |
| 55 | May 1, 2030 | $265,202.55 | $713.05 | $807.01 | $50,000.00 | $215,202.55 | $1,520.06 | $264,489.50 |
| 56 | June 1, 2030 | $264,489.50 | $715.72 | $804.34 | $50,000.00 | $214,489.50 | $1,520.06 | $263,773.78 |
| 57 | July 1, 2030 | $263,773.78 | $718.40 | $801.65 | $50,000.00 | $213,773.78 | $1,520.06 | $263,055.38 |
| 58 | August 1, 2030 | $263,055.38 | $721.10 | $798.96 | $50,000.00 | $213,055.38 | $1,520.06 | $262,334.28 |
| 59 | September 1, 2030 | $262,334.28 | $723.80 | $796.25 | $50,000.00 | $212,334.28 | $1,520.06 | $261,610.48 |
| 60 | October 1, 2030 | $261,610.48 | $726.52 | $793.54 | $50,000.00 | $211,610.48 | $1,520.06 | $260,883.96 |
| 61 | November 1, 2030 | $260,883.96 | $729.24 | $790.81 | $50,000.00 | $210,883.96 | $1,520.06 | $260,154.72 |
| 62 | December 1, 2030 | $260,154.72 | $731.98 | $788.08 | $50,000.00 | $210,154.72 | $1,520.06 | $259,422.74 |
| 63 | January 1, 2031 | $259,422.74 | $734.72 | $785.34 | $50,000.00 | $209,422.74 | $1,520.06 | $258,688.02 |
| 64 | February 1, 2031 | $258,688.02 | $737.48 | $782.58 | $50,000.00 | $208,688.02 | $1,520.06 | $257,950.55 |
| 65 | March 1, 2031 | $257,950.55 | $740.24 | $779.81 | $50,000.00 | $207,950.55 | $1,520.06 | $257,210.31 |
| 66 | April 1, 2031 | $257,210.31 | $743.02 | $777.04 | $50,000.00 | $207,210.31 | $1,520.06 | $256,467.29 |
| 67 | May 1, 2031 | $256,467.29 | $745.80 | $774.25 | $50,000.00 | $206,467.29 | $1,520.06 | $255,721.48 |
| 68 | June 1, 2031 | $255,721.48 | $748.60 | $771.46 | $50,000.00 | $205,721.48 | $1,520.06 | $254,972.88 |
| 69 | July 1, 2031 | $254,972.88 | $751.41 | $768.65 | $50,000.00 | $204,972.88 | $1,520.06 | $254,221.48 |
| 70 | August 1, 2031 | $254,221.48 | $754.23 | $765.83 | $50,000.00 | $204,221.48 | $1,520.06 | $253,467.25 |
| 71 | September 1, 2031 | $253,467.25 | $757.05 | $763.00 | $50,000.00 | $203,467.25 | $1,520.06 | $252,710.20 |
| 72 | October 1, 2031 | $252,710.20 | $759.89 | $760.16 | $50,000.00 | $202,710.20 | $1,520.06 | $251,950.31 |
| 73 | November 1, 2031 | $251,950.31 | $762.74 | $757.31 | $50,000.00 | $201,950.31 | $1,520.06 | $251,187.56 |
| 74 | December 1, 2031 | $251,187.56 | $765.60 | $754.45 | $50,000.00 | $201,187.56 | $1,520.06 | $250,421.96 |
| 75 | January 1, 2032 | $250,421.96 | $768.47 | $751.58 | $50,000.00 | $200,421.96 | $1,520.06 | $249,653.49 |
| 76 | February 1, 2032 | $249,653.49 | $771.36 | $748.70 | $50,000.00 | $199,653.49 | $1,520.06 | $248,882.13 |
| 77 | March 1, 2032 | $248,882.13 | $774.25 | $745.81 | $50,000.00 | $198,882.13 | $1,520.06 | $248,107.88 |
| 78 | April 1, 2032 | $248,107.88 | $777.15 | $742.90 | $50,000.00 | $198,107.88 | $1,520.06 | $247,330.73 |
| 79 | May 1, 2032 | $247,330.73 | $780.07 | $739.99 | $50,000.00 | $197,330.73 | $1,520.06 | $246,550.67 |
| 80 | June 1, 2032 | $246,550.67 | $782.99 | $737.06 | $50,000.00 | $196,550.67 | $1,520.06 | $245,767.68 |
| 81 | July 1, 2032 | $245,767.68 | $785.93 | $734.13 | $50,000.00 | $195,767.68 | $1,520.06 | $244,981.75 |
| 82 | August 1, 2032 | $244,981.75 | $788.87 | $731.18 | $50,000.00 | $194,981.75 | $1,520.06 | $244,192.87 |
| 83 | September 1, 2032 | $244,192.87 | $791.83 | $728.22 | $50,000.00 | $194,192.87 | $1,520.06 | $243,401.04 |
| 84 | October 1, 2032 | $243,401.04 | $794.80 | $725.25 | $50,000.00 | $193,401.04 | $1,520.06 | $242,606.24 |
| 85 | November 1, 2032 | $242,606.24 | $797.78 | $722.27 | $50,000.00 | $192,606.24 | $1,520.06 | $241,808.46 |
| 86 | December 1, 2032 | $241,808.46 | $800.77 | $719.28 | $50,000.00 | $191,808.46 | $1,520.06 | $241,007.68 |
| 87 | January 1, 2033 | $241,007.68 | $803.78 | $716.28 | $50,000.00 | $191,007.68 | $1,520.06 | $240,203.91 |
| 88 | February 1, 2033 | $240,203.91 | $806.79 | $713.26 | $50,000.00 | $190,203.91 | $1,520.06 | $239,397.11 |
| 89 | March 1, 2033 | $239,397.11 | $809.82 | $710.24 | $50,000.00 | $189,397.11 | $1,520.06 | $238,587.30 |
| 90 | April 1, 2033 | $238,587.30 | $812.85 | $707.20 | $50,000.00 | $188,587.30 | $1,520.06 | $237,774.44 |
| 91 | May 1, 2033 | $237,774.44 | $815.90 | $704.15 | $50,000.00 | $187,774.44 | $1,520.06 | $236,958.54 |
| 92 | June 1, 2033 | $236,958.54 | $818.96 | $701.09 | $50,000.00 | $186,958.54 | $1,520.06 | $236,139.58 |
| 93 | July 1, 2033 | $236,139.58 | $822.03 | $698.02 | $50,000.00 | $186,139.58 | $1,520.06 | $235,317.55 |
| 94 | August 1, 2033 | $235,317.55 | $825.12 | $694.94 | $50,000.00 | $185,317.55 | $1,520.06 | $234,492.43 |
| 95 | September 1, 2033 | $234,492.43 | $828.21 | $691.85 | $50,000.00 | $184,492.43 | $1,520.06 | $233,664.22 |
| 96 | October 1, 2033 | $233,664.22 | $831.32 | $688.74 | $50,000.00 | $183,664.22 | $1,520.06 | $232,832.91 |
| 97 | November 1, 2033 | $232,832.91 | $834.43 | $685.62 | $50,000.00 | $182,832.91 | $1,520.06 | $231,998.48 |
| 98 | December 1, 2033 | $231,998.48 | $837.56 | $682.49 | $50,000.00 | $181,998.48 | $1,520.06 | $231,160.91 |
| 99 | January 1, 2034 | $231,160.91 | $840.70 | $679.35 | $50,000.00 | $181,160.91 | $1,520.06 | $230,320.21 |
| 100 | February 1, 2034 | $230,320.21 | $843.86 | $676.20 | $50,000.00 | $180,320.21 | $1,520.06 | $229,476.36 |
| 101 | March 1, 2034 | $229,476.36 | $847.02 | $673.04 | $50,000.00 | $179,476.36 | $1,520.06 | $228,629.34 |
| 102 | April 1, 2034 | $228,629.34 | $850.20 | $669.86 | $50,000.00 | $178,629.34 | $1,520.06 | $227,779.14 |
| 103 | May 1, 2034 | $227,779.14 | $853.38 | $666.67 | $50,000.00 | $177,779.14 | $1,520.06 | $226,925.76 |
| 104 | June 1, 2034 | $226,925.76 | $856.58 | $663.47 | $50,000.00 | $176,925.76 | $1,520.06 | $226,069.17 |
| 105 | July 1, 2034 | $226,069.17 | $859.80 | $660.26 | $50,000.00 | $176,069.17 | $1,520.06 | $225,209.38 |
| 106 | August 1, 2034 | $225,209.38 | $863.02 | $657.04 | $50,000.00 | $175,209.38 | $1,520.06 | $224,346.36 |
| 107 | September 1, 2034 | $224,346.36 | $866.26 | $653.80 | $50,000.00 | $174,346.36 | $1,520.06 | $223,480.10 |
| 108 | October 1, 2034 | $223,480.10 | $869.51 | $650.55 | $50,000.00 | $173,480.10 | $1,520.06 | $222,610.59 |
| 109 | November 1, 2034 | $222,610.59 | $872.77 | $647.29 | $50,000.00 | $172,610.59 | $1,520.06 | $221,737.83 |
| 110 | December 1, 2034 | $221,737.83 | $876.04 | $644.02 | $50,000.00 | $171,737.83 | $1,520.06 | $220,861.79 |
| 111 | January 1, 2035 | $220,861.79 | $879.32 | $640.73 | $50,000.00 | $170,861.79 | $1,520.06 | $219,982.46 |
| 112 | February 1, 2035 | $219,982.46 | $882.62 | $637.43 | $50,000.00 | $169,982.46 | $1,520.06 | $219,099.84 |
| 113 | March 1, 2035 | $219,099.84 | $885.93 | $634.12 | $50,000.00 | $169,099.84 | $1,520.06 | $218,213.91 |
| 114 | April 1, 2035 | $218,213.91 | $889.25 | $630.80 | $50,000.00 | $168,213.91 | $1,520.06 | $217,324.66 |
| 115 | May 1, 2035 | $217,324.66 | $892.59 | $627.47 | $50,000.00 | $167,324.66 | $1,520.06 | $216,432.07 |
| 116 | June 1, 2035 | $216,432.07 | $895.94 | $624.12 | $50,000.00 | $166,432.07 | $1,520.06 | $215,536.13 |
| 117 | July 1, 2035 | $215,536.13 | $899.30 | $620.76 | $50,000.00 | $165,536.13 | $1,520.06 | $214,636.84 |
| 118 | August 1, 2035 | $214,636.84 | $902.67 | $617.39 | $50,000.00 | $164,636.84 | $1,520.06 | $213,734.17 |
| 119 | September 1, 2035 | $213,734.17 | $906.05 | $614.00 | $50,000.00 | $163,734.17 | $1,520.06 | $212,828.12 |
| 120 | October 1, 2035 | $212,828.12 | $909.45 | $610.61 | $50,000.00 | $162,828.12 | $1,520.06 | $211,918.67 |
| 121 | November 1, 2035 | $211,918.67 | $912.86 | $607.19 | $50,000.00 | $161,918.67 | $1,520.06 | $211,005.80 |
| 122 | December 1, 2035 | $211,005.80 | $916.28 | $603.77 | $50,000.00 | $161,005.80 | $1,520.06 | $210,089.52 |
| 123 | January 1, 2036 | $210,089.52 | $919.72 | $600.34 | $50,000.00 | $160,089.52 | $1,520.06 | $209,169.80 |
| 124 | February 1, 2036 | $209,169.80 | $923.17 | $596.89 | $50,000.00 | $159,169.80 | $1,520.06 | $208,246.63 |
| 125 | March 1, 2036 | $208,246.63 | $926.63 | $593.42 | $50,000.00 | $158,246.63 | $1,520.06 | $207,320.00 |
| 126 | April 1, 2036 | $207,320.00 | $930.11 | $589.95 | $50,000.00 | $157,320.00 | $1,520.06 | $206,389.89 |
| 127 | May 1, 2036 | $206,389.89 | $933.59 | $586.46 | $50,000.00 | $156,389.89 | $1,520.06 | $205,456.30 |
| 128 | June 1, 2036 | $205,456.30 | $937.09 | $582.96 | $50,000.00 | $155,456.30 | $1,520.06 | $204,519.21 |
| 129 | July 1, 2036 | $204,519.21 | $940.61 | $579.45 | $50,000.00 | $154,519.21 | $1,520.06 | $203,578.60 |
| 130 | August 1, 2036 | $203,578.60 | $944.14 | $575.92 | $50,000.00 | $153,578.60 | $1,520.06 | $202,634.46 |
| 131 | September 1, 2036 | $202,634.46 | $947.68 | $572.38 | $50,000.00 | $152,634.46 | $1,520.06 | $201,686.78 |
| 132 | October 1, 2036 | $201,686.78 | $951.23 | $568.83 | $50,000.00 | $151,686.78 | $1,520.06 | $200,735.55 |
| 133 | November 1, 2036 | $200,735.55 | $954.80 | $565.26 | $50,000.00 | $150,735.55 | $1,520.06 | $199,780.76 |
| 134 | December 1, 2036 | $199,780.76 | $958.38 | $561.68 | $50,000.00 | $149,780.76 | $1,520.06 | $198,822.38 |
| 135 | January 1, 2037 | $198,822.38 | $961.97 | $558.08 | $50,000.00 | $148,822.38 | $1,520.06 | $197,860.41 |
| 136 | February 1, 2037 | $197,860.41 | $965.58 | $554.48 | $50,000.00 | $147,860.41 | $1,520.06 | $196,894.83 |
| 137 | March 1, 2037 | $196,894.83 | $969.20 | $550.86 | $50,000.00 | $146,894.83 | $1,520.06 | $195,925.63 |
| 138 | April 1, 2037 | $195,925.63 | $972.83 | $547.22 | $50,000.00 | $145,925.63 | $1,520.06 | $194,952.79 |
| 139 | May 1, 2037 | $194,952.79 | $976.48 | $543.57 | $50,000.00 | $144,952.79 | $1,520.06 | $193,976.31 |
| 140 | June 1, 2037 | $193,976.31 | $980.14 | $539.91 | $50,000.00 | $143,976.31 | $1,520.06 | $192,996.16 |
| 141 | July 1, 2037 | $192,996.16 | $983.82 | $536.24 | $50,000.00 | $142,996.16 | $1,520.06 | $192,012.34 |
| 142 | August 1, 2037 | $192,012.34 | $987.51 | $532.55 | $50,000.00 | $142,012.34 | $1,520.06 | $191,024.83 |
| 143 | September 1, 2037 | $191,024.83 | $991.21 | $528.84 | $50,000.00 | $141,024.83 | $1,520.06 | $190,033.62 |
| 144 | October 1, 2037 | $190,033.62 | $994.93 | $525.13 | $50,000.00 | $140,033.62 | $1,520.06 | $189,038.69 |
| 145 | November 1, 2037 | $189,038.69 | $998.66 | $521.40 | $50,000.00 | $139,038.69 | $1,520.06 | $188,040.03 |
| 146 | December 1, 2037 | $188,040.03 | $1,002.41 | $517.65 | $50,000.00 | $138,040.03 | $1,520.06 | $187,037.62 |
| 147 | January 1, 2038 | $187,037.62 | $1,006.16 | $513.89 | $50,000.00 | $137,037.62 | $1,520.06 | $186,031.46 |
| 148 | February 1, 2038 | $186,031.46 | $1,009.94 | $510.12 | $50,000.00 | $136,031.46 | $1,520.06 | $185,021.52 |
| 149 | March 1, 2038 | $185,021.52 | $1,013.73 | $506.33 | $50,000.00 | $135,021.52 | $1,520.06 | $184,007.80 |
| 150 | April 1, 2038 | $184,007.80 | $1,017.53 | $502.53 | $50,000.00 | $134,007.80 | $1,520.06 | $182,990.27 |
| 151 | May 1, 2038 | $182,990.27 | $1,021.34 | $498.71 | $50,000.00 | $132,990.27 | $1,520.06 | $181,968.93 |
| 152 | June 1, 2038 | $181,968.93 | $1,025.17 | $494.88 | $50,000.00 | $131,968.93 | $1,520.06 | $180,943.75 |
| 153 | July 1, 2038 | $180,943.75 | $1,029.02 | $491.04 | $50,000.00 | $130,943.75 | $1,520.06 | $179,914.74 |
| 154 | August 1, 2038 | $179,914.74 | $1,032.88 | $487.18 | $50,000.00 | $129,914.74 | $1,520.06 | $178,881.86 |
| 155 | September 1, 2038 | $178,881.86 | $1,036.75 | $483.31 | $50,000.00 | $128,881.86 | $1,520.06 | $177,845.11 |
| 156 | October 1, 2038 | $177,845.11 | $1,040.64 | $479.42 | $50,000.00 | $127,845.11 | $1,520.06 | $176,804.48 |
| 157 | November 1, 2038 | $176,804.48 | $1,044.54 | $475.52 | $50,000.00 | $126,804.48 | $1,520.06 | $175,759.94 |
| 158 | December 1, 2038 | $175,759.94 | $1,048.46 | $471.60 | $50,000.00 | $125,759.94 | $1,520.06 | $174,711.48 |
| 159 | January 1, 2039 | $174,711.48 | $1,052.39 | $467.67 | $50,000.00 | $124,711.48 | $1,520.06 | $173,659.09 |
| 160 | February 1, 2039 | $173,659.09 | $1,056.33 | $463.72 | $50,000.00 | $123,659.09 | $1,520.06 | $172,602.76 |
| 161 | March 1, 2039 | $172,602.76 | $1,060.30 | $459.76 | $50,000.00 | $122,602.76 | $1,520.06 | $171,542.46 |
| 162 | April 1, 2039 | $171,542.46 | $1,064.27 | $455.78 | $50,000.00 | $121,542.46 | $1,520.06 | $170,478.19 |
| 163 | May 1, 2039 | $170,478.19 | $1,068.26 | $451.79 | $50,000.00 | $120,478.19 | $1,520.06 | $169,409.93 |
| 164 | June 1, 2039 | $169,409.93 | $1,072.27 | $447.79 | $50,000.00 | $119,409.93 | $1,520.06 | $168,337.66 |
| 165 | July 1, 2039 | $168,337.66 | $1,076.29 | $443.77 | $50,000.00 | $118,337.66 | $1,520.06 | $167,261.37 |
| 166 | August 1, 2039 | $167,261.37 | $1,080.33 | $439.73 | $50,000.00 | $117,261.37 | $1,520.06 | $166,181.04 |
| 167 | September 1, 2039 | $166,181.04 | $1,084.38 | $435.68 | $50,000.00 | $116,181.04 | $1,520.06 | $165,096.67 |
| 168 | October 1, 2039 | $165,096.67 | $1,088.44 | $431.61 | $50,000.00 | $115,096.67 | $1,520.06 | $164,008.22 |
| 169 | November 1, 2039 | $164,008.22 | $1,092.53 | $427.53 | $50,000.00 | $114,008.22 | $1,520.06 | $162,915.70 |
| 170 | December 1, 2039 | $162,915.70 | $1,096.62 | $423.43 | $50,000.00 | $112,915.70 | $1,520.06 | $161,819.08 |
| 171 | January 1, 2040 | $161,819.08 | $1,100.73 | $419.32 | $50,000.00 | $111,819.08 | $1,520.06 | $160,718.34 |
| 172 | February 1, 2040 | $160,718.34 | $1,104.86 | $415.19 | $50,000.00 | $110,718.34 | $1,520.06 | $159,613.48 |
| 173 | March 1, 2040 | $159,613.48 | $1,109.01 | $411.05 | $50,000.00 | $109,613.48 | $1,520.06 | $158,504.47 |
| 174 | April 1, 2040 | $158,504.47 | $1,113.16 | $406.89 | $50,000.00 | $108,504.47 | $1,520.06 | $157,391.31 |
| 175 | May 1, 2040 | $157,391.31 | $1,117.34 | $402.72 | $50,000.00 | $107,391.31 | $1,520.06 | $156,273.97 |
| 176 | June 1, 2040 | $156,273.97 | $1,121.53 | $398.53 | $50,000.00 | $106,273.97 | $1,520.06 | $155,152.44 |
| 177 | July 1, 2040 | $155,152.44 | $1,125.73 | $394.32 | $50,000.00 | $105,152.44 | $1,520.06 | $154,026.71 |
| 178 | August 1, 2040 | $154,026.71 | $1,129.96 | $390.10 | $50,000.00 | $104,026.71 | $1,520.06 | $152,896.75 |
| 179 | September 1, 2040 | $152,896.75 | $1,134.19 | $385.86 | $50,000.00 | $102,896.75 | $1,520.06 | $151,762.56 |
| 180 | October 1, 2040 | $151,762.56 | $1,138.45 | $381.61 | $50,000.00 | $101,762.56 | $1,520.06 | $150,624.11 |
| 181 | November 1, 2040 | $150,624.11 | $1,142.72 | $377.34 | $50,000.00 | $100,624.11 | $1,520.06 | $149,481.40 |
| 182 | December 1, 2040 | $149,481.40 | $1,147.00 | $373.06 | $50,000.00 | $99,481.40 | $1,520.06 | $148,334.40 |
| 183 | January 1, 2041 | $148,334.40 | $1,151.30 | $368.75 | $50,000.00 | $98,334.40 | $1,520.06 | $147,183.10 |
| 184 | February 1, 2041 | $147,183.10 | $1,155.62 | $364.44 | $50,000.00 | $97,183.10 | $1,520.06 | $146,027.48 |
| 185 | March 1, 2041 | $146,027.48 | $1,159.95 | $360.10 | $50,000.00 | $96,027.48 | $1,520.06 | $144,867.52 |
| 186 | April 1, 2041 | $144,867.52 | $1,164.30 | $355.75 | $50,000.00 | $94,867.52 | $1,520.06 | $143,703.22 |
| 187 | May 1, 2041 | $143,703.22 | $1,168.67 | $351.39 | $50,000.00 | $93,703.22 | $1,520.06 | $142,534.55 |
| 188 | June 1, 2041 | $142,534.55 | $1,173.05 | $347.00 | $50,000.00 | $92,534.55 | $1,520.06 | $141,361.50 |
| 189 | July 1, 2041 | $141,361.50 | $1,177.45 | $342.61 | $50,000.00 | $91,361.50 | $1,520.06 | $140,184.05 |
| 190 | August 1, 2041 | $140,184.05 | $1,181.87 | $338.19 | $50,000.00 | $90,184.05 | $1,520.06 | $139,002.18 |
| 191 | September 1, 2041 | $139,002.18 | $1,186.30 | $333.76 | $50,000.00 | $89,002.18 | $1,520.06 | $137,815.89 |
| 192 | October 1, 2041 | $137,815.89 | $1,190.75 | $329.31 | $50,000.00 | $87,815.89 | $1,520.06 | $136,625.14 |
| 193 | November 1, 2041 | $136,625.14 | $1,195.21 | $324.84 | $50,000.00 | $86,625.14 | $1,520.06 | $135,429.93 |
| 194 | December 1, 2041 | $135,429.93 | $1,199.69 | $320.36 | $50,000.00 | $85,429.93 | $1,520.06 | $134,230.24 |
| 195 | January 1, 2042 | $134,230.24 | $1,204.19 | $315.86 | $50,000.00 | $84,230.24 | $1,520.06 | $133,026.04 |
| 196 | February 1, 2042 | $133,026.04 | $1,208.71 | $311.35 | $50,000.00 | $83,026.04 | $1,520.06 | $131,817.33 |
| 197 | March 1, 2042 | $131,817.33 | $1,213.24 | $306.82 | $50,000.00 | $81,817.33 | $1,520.06 | $130,604.09 |
| 198 | April 1, 2042 | $130,604.09 | $1,217.79 | $302.27 | $50,000.00 | $80,604.09 | $1,520.06 | $129,386.30 |
| 199 | May 1, 2042 | $129,386.30 | $1,222.36 | $297.70 | $50,000.00 | $79,386.30 | $1,520.06 | $128,163.95 |
| 200 | June 1, 2042 | $128,163.95 | $1,226.94 | $293.11 | $50,000.00 | $78,163.95 | $1,520.06 | $126,937.00 |
| 201 | July 1, 2042 | $126,937.00 | $1,231.54 | $288.51 | $50,000.00 | $76,937.00 | $1,520.06 | $125,705.46 |
| 202 | August 1, 2042 | $125,705.46 | $1,236.16 | $283.90 | $50,000.00 | $75,705.46 | $1,520.06 | $124,469.30 |
| 203 | September 1, 2042 | $124,469.30 | $1,240.80 | $279.26 | $50,000.00 | $74,469.30 | $1,520.06 | $123,228.51 |
| 204 | October 1, 2042 | $123,228.51 | $1,245.45 | $274.61 | $50,000.00 | $73,228.51 | $1,520.06 | $121,983.06 |
| 205 | November 1, 2042 | $121,983.06 | $1,250.12 | $269.94 | $50,000.00 | $71,983.06 | $1,520.06 | $120,732.94 |
| 206 | December 1, 2042 | $120,732.94 | $1,254.81 | $265.25 | $50,000.00 | $70,732.94 | $1,520.06 | $119,478.13 |
| 207 | January 1, 2043 | $119,478.13 | $1,259.51 | $260.54 | $50,000.00 | $69,478.13 | $1,520.06 | $118,218.62 |
| 208 | February 1, 2043 | $118,218.62 | $1,264.24 | $255.82 | $50,000.00 | $68,218.62 | $1,520.06 | $116,954.38 |
| 209 | March 1, 2043 | $116,954.38 | $1,268.98 | $251.08 | $50,000.00 | $66,954.38 | $1,520.06 | $115,685.40 |
| 210 | April 1, 2043 | $115,685.40 | $1,273.74 | $246.32 | $50,000.00 | $65,685.40 | $1,520.06 | $114,411.67 |
| 211 | May 1, 2043 | $114,411.67 | $1,278.51 | $241.54 | $50,000.00 | $64,411.67 | $1,520.06 | $113,133.16 |
| 212 | June 1, 2043 | $113,133.16 | $1,283.31 | $236.75 | $50,000.00 | $63,133.16 | $1,520.06 | $111,849.85 |
| 213 | July 1, 2043 | $111,849.85 | $1,288.12 | $231.94 | $50,000.00 | $61,849.85 | $1,520.06 | $110,561.73 |
| 214 | August 1, 2043 | $110,561.73 | $1,292.95 | $227.11 | $50,000.00 | $60,561.73 | $1,520.06 | $109,268.78 |
| 215 | September 1, 2043 | $109,268.78 | $1,297.80 | $222.26 | $50,000.00 | $59,268.78 | $1,520.06 | $107,970.98 |
| 216 | October 1, 2043 | $107,970.98 | $1,302.66 | $217.39 | $50,000.00 | $57,970.98 | $1,520.06 | $106,668.32 |
| 217 | November 1, 2043 | $106,668.32 | $1,307.55 | $212.51 | $50,000.00 | $56,668.32 | $1,520.06 | $105,360.77 |
| 218 | December 1, 2043 | $105,360.77 | $1,312.45 | $207.60 | $50,000.00 | $55,360.77 | $1,520.06 | $104,048.32 |
| 219 | January 1, 2044 | $104,048.32 | $1,317.37 | $202.68 | $50,000.00 | $54,048.32 | $1,520.06 | $102,730.94 |
| 220 | February 1, 2044 | $102,730.94 | $1,322.31 | $197.74 | $50,000.00 | $52,730.94 | $1,520.06 | $101,408.63 |
| 221 | March 1, 2044 | $101,408.63 | $1,327.27 | $192.78 | $50,000.00 | $51,408.63 | $1,520.06 | $100,081.35 |
| 222 | April 1, 2044 | $100,081.35 | $1,332.25 | $187.81 | $50,000.00 | $50,081.35 | $1,520.06 | $98,749.10 |
| 223 | May 1, 2044 | $98,749.10 | $1,337.25 | $182.81 | $50,000.00 | $48,749.10 | $1,520.06 | $97,411.85 |
| 224 | June 1, 2044 | $97,411.85 | $1,342.26 | $177.79 | $50,000.00 | $47,411.85 | $1,520.06 | $96,069.59 |
| 225 | July 1, 2044 | $96,069.59 | $1,347.29 | $172.76 | $50,000.00 | $46,069.59 | $1,520.06 | $94,722.30 |
| 226 | August 1, 2044 | $94,722.30 | $1,352.35 | $167.71 | $50,000.00 | $44,722.30 | $1,520.06 | $93,369.95 |
| 227 | September 1, 2044 | $93,369.95 | $1,357.42 | $162.64 | $50,000.00 | $43,369.95 | $1,520.06 | $92,012.53 |
| 228 | October 1, 2044 | $92,012.53 | $1,362.51 | $157.55 | $50,000.00 | $42,012.53 | $1,520.06 | $90,650.02 |
| 229 | November 1, 2044 | $90,650.02 | $1,367.62 | $152.44 | $50,000.00 | $40,650.02 | $1,520.06 | $89,282.41 |
| 230 | December 1, 2044 | $89,282.41 | $1,372.75 | $147.31 | $50,000.00 | $39,282.41 | $1,520.06 | $87,909.66 |
| 231 | January 1, 2045 | $87,909.66 | $1,377.89 | $142.16 | $50,000.00 | $37,909.66 | $1,520.06 | $86,531.76 |
| 232 | February 1, 2045 | $86,531.76 | $1,383.06 | $136.99 | $50,000.00 | $36,531.76 | $1,520.06 | $85,148.70 |
| 233 | March 1, 2045 | $85,148.70 | $1,388.25 | $131.81 | $50,000.00 | $35,148.70 | $1,520.06 | $83,760.45 |
| 234 | April 1, 2045 | $83,760.45 | $1,393.45 | $126.60 | $50,000.00 | $33,760.45 | $1,520.06 | $82,367.00 |
| 235 | May 1, 2045 | $82,367.00 | $1,398.68 | $121.38 | $50,000.00 | $32,367.00 | $1,520.06 | $80,968.32 |
| 236 | June 1, 2045 | $80,968.32 | $1,403.92 | $116.13 | $50,000.00 | $30,968.32 | $1,520.06 | $79,564.39 |
| 237 | July 1, 2045 | $79,564.39 | $1,409.19 | $110.87 | $50,000.00 | $29,564.39 | $1,520.06 | $78,155.21 |
| 238 | August 1, 2045 | $78,155.21 | $1,414.47 | $105.58 | $50,000.00 | $28,155.21 | $1,520.06 | $76,740.73 |
| 239 | September 1, 2045 | $76,740.73 | $1,419.78 | $100.28 | $50,000.00 | $26,740.73 | $1,520.06 | $75,320.95 |
| 240 | October 1, 2045 | $75,320.95 | $1,425.10 | $94.95 | $50,000.00 | $25,320.95 | $1,520.06 | $73,895.85 |
| 241 | November 1, 2045 | $73,895.85 | $1,430.45 | $89.61 | $50,000.00 | $23,895.85 | $1,520.06 | $72,465.40 |
| 242 | December 1, 2045 | $72,465.40 | $1,435.81 | $84.25 | $50,000.00 | $22,465.40 | $1,520.06 | $71,029.59 |
| 243 | January 1, 2046 | $71,029.59 | $1,441.19 | $78.86 | $50,000.00 | $21,029.59 | $1,520.06 | $69,588.40 |
| 244 | February 1, 2046 | $69,588.40 | $1,446.60 | $73.46 | $50,000.00 | $19,588.40 | $1,520.06 | $68,141.80 |
| 245 | March 1, 2046 | $68,141.80 | $1,452.02 | $68.03 | $50,000.00 | $18,141.80 | $1,520.06 | $66,689.78 |
| 246 | April 1, 2046 | $66,689.78 | $1,457.47 | $62.59 | $50,000.00 | $16,689.78 | $1,520.06 | $65,232.31 |
| 247 | May 1, 2046 | $65,232.31 | $1,462.93 | $57.12 | $50,000.00 | $15,232.31 | $1,520.06 | $63,769.37 |
| 248 | June 1, 2046 | $63,769.37 | $1,468.42 | $51.64 | $50,000.00 | $13,769.37 | $1,520.06 | $62,300.95 |
| 249 | July 1, 2046 | $62,300.95 | $1,473.93 | $46.13 | $50,000.00 | $12,300.95 | $1,520.06 | $60,827.02 |
| 250 | August 1, 2046 | $60,827.02 | $1,479.45 | $40.60 | $50,000.00 | $10,827.02 | $1,520.06 | $59,347.57 |
| 251 | September 1, 2046 | $59,347.57 | $1,485.00 | $35.05 | $50,000.00 | $9,347.57 | $1,520.06 | $57,862.57 |
| 252 | October 1, 2046 | $57,862.57 | $1,490.57 | $29.48 | $50,000.00 | $7,862.57 | $1,520.06 | $56,371.99 |
| 253 | November 1, 2046 | $56,371.99 | $1,496.16 | $23.89 | $50,000.00 | $6,371.99 | $1,520.06 | $54,875.83 |
| 254 | December 1, 2046 | $54,875.83 | $1,501.77 | $18.28 | $50,000.00 | $4,875.83 | $1,520.06 | $53,374.06 |
| 255 | January 1, 2047 | $53,374.06 | $1,507.40 | $12.65 | $50,000.00 | $3,374.06 | $1,520.06 | $51,866.66 |
| 256 | February 1, 2047 | $51,866.66 | $1,513.06 | $7.00 | $50,000.00 | $1,866.66 | $1,520.06 | $50,353.60 |
| 257 | March 1, 2047 | $50,353.60 | $1,518.73 | $1.33 | $50,000.00 | $353.60 | $1,520.06 | $48,834.87 |
| 258 | April 1, 2047 | $48,834.87 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $47,314.82 |
| 259 | May 1, 2047 | $47,314.82 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $45,794.76 |
| 260 | June 1, 2047 | $45,794.76 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $44,274.71 |
| 261 | July 1, 2047 | $44,274.71 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $42,754.65 |
| 262 | August 1, 2047 | $42,754.65 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $41,234.59 |
| 263 | September 1, 2047 | $41,234.59 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $39,714.54 |
| 264 | October 1, 2047 | $39,714.54 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $38,194.48 |
| 265 | November 1, 2047 | $38,194.48 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $36,674.43 |
| 266 | December 1, 2047 | $36,674.43 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $35,154.37 |
| 267 | January 1, 2048 | $35,154.37 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $33,634.31 |
| 268 | February 1, 2048 | $33,634.31 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $32,114.26 |
| 269 | March 1, 2048 | $32,114.26 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $30,594.20 |
| 270 | April 1, 2048 | $30,594.20 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $29,074.15 |
| 271 | May 1, 2048 | $29,074.15 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $27,554.09 |
| 272 | June 1, 2048 | $27,554.09 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $26,034.03 |
| 273 | July 1, 2048 | $26,034.03 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $24,513.98 |
| 274 | August 1, 2048 | $24,513.98 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $22,993.92 |
| 275 | September 1, 2048 | $22,993.92 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $21,473.87 |
| 276 | October 1, 2048 | $21,473.87 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $19,953.81 |
| 277 | November 1, 2048 | $19,953.81 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $18,433.75 |
| 278 | December 1, 2048 | $18,433.75 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $16,913.70 |
| 279 | January 1, 2049 | $16,913.70 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $15,393.64 |
| 280 | February 1, 2049 | $15,393.64 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $13,873.59 |
| 281 | March 1, 2049 | $13,873.59 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $12,353.53 |
| 282 | April 1, 2049 | $12,353.53 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $10,833.47 |
| 283 | May 1, 2049 | $10,833.47 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $9,313.42 |
| 284 | June 1, 2049 | $9,313.42 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $7,793.36 |
| 285 | July 1, 2049 | $7,793.36 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $6,273.31 |
| 286 | August 1, 2049 | $6,273.31 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $4,753.25 |
| 287 | September 1, 2049 | $4,753.25 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $3,233.20 |
| 288 | October 1, 2049 | $3,233.20 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $1,713.14 |
| 289 | November 1, 2049 | $1,713.14 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $193.08 |
| 290 | December 1, 2049 | $193.08 | $1,520.06 | $0.00 | $50,000.00 | $0.00 | $1,520.06 | $0.00 |
Offset Loan Calculator - Your Complete Guide to Offset Mortgages
An offset loan calculator helps you understand how offset mortgages work and how they can save you thousands in interest payments. Offset mortgages are popular in Australia, New Zealand, and the UK, where banks like ANZ, NAB, YBS, Nationwide, and Coventry offer offset accounts linked to home loans. Our comprehensive offset loan calculator helps you calculate monthly payments, interest savings, repayment schedules, and see how offset accounts can reduce your monthly payments or shorten your loan term.
What is an Offset Loan?
An offset loan is a mortgage product that includes an offset account - a savings or transaction account linked to your home loan. The balance in your offset account reduces the interest you pay on your loan because interest is calculated on the loan balance minus the offset balance. For example, if you have a $300,000 loan and $50,000 in your offset account, you only pay interest on $250,000. This can save you significant amounts in interest over the life of your loan.
How Offset Loans Work
Offset loans work by linking a savings account to your mortgage. The key benefits include:
- Interest Reduction: Your offset balance reduces the interest charged on your loan
- Flexibility: You can deposit and withdraw from your offset account at any time
- Tax Efficiency: In some countries, offset accounts provide tax benefits compared to earning interest on savings
- Faster Payoff: By reducing interest, more of your payment goes toward principal
- No Lock-In: Unlike extra payments, offset balances remain accessible for emergencies
Offset Loan Calculator Features
Our offset loan calculator provides two powerful calculation modes:
- Basic Calculator: Calculate your monthly payment, total interest, interest savings, and see how an offset account affects your loan. You can also add optional extra monthly payments to see combined benefits.
- Reduce Monthly Payments: Calculate how much you can reduce your monthly payment while maintaining your loan term, or see how a lower payment affects your payoff date and total interest.
Both calculators provide detailed payment schedules showing beginning balance, principal payment, interest payment, offset balance, effective balance (loan balance minus offset), and ending balance for each month. You can export these schedules to CSV or Excel for your records.
Offset Mortgages by Region
Offset mortgages are available in several countries, each with unique features:
- Australia: Offset accounts are very popular, offered by major banks including ANZ, NAB, Commonwealth Bank, Westpac, and St. George. Australian offset mortgages typically offer 100% offset, meaning your full offset balance reduces interest.
- New Zealand: Offset mortgages are available from ANZ, ASB, BNZ, and other major lenders. NZ offset accounts work similarly to Australian ones, helping homeowners reduce interest and pay off loans faster.
- United Kingdom: Offset mortgages are offered by lenders like YBS (Yorkshire Building Society), Nationwide, Coventry Building Society, and others. UK offset mortgages can help reduce monthly payments or shorten loan terms.
Using Offset Accounts to Reduce Monthly Payments
One of the key benefits of offset accounts is the ability to reduce your monthly payments. When you maintain a balance in your offset account, the interest you pay decreases. This means you can either:
- Keep the Same Payment: Pay off your loan faster with the same monthly payment
- Reduce Your Payment: Lower your monthly payment while maintaining your original loan term
- Combination: Reduce your payment slightly and still pay off faster than without an offset
Our "Reduce Monthly Payments" calculator helps you determine the optimal payment amount based on your offset balance. Simply enter your loan details, offset balance, and desired monthly payment, and the calculator shows you how this affects your payoff date and total interest paid.
Offset Loan Calculator Excel Export
Our calculator includes Excel export functionality, allowing you to download your payment schedule as a CSV file that can be opened in Excel, Google Sheets, or any spreadsheet application. The exported file includes all loan details, payment schedule with beginning balance, principal, interest, offset balance, effective balance, and ending balance for each payment. This is perfect for financial planning, record-keeping, or sharing with your financial advisor.
Benefits of Offset Loans
Offset loans offer several advantages over traditional mortgages:
- Interest Savings: Reduce total interest paid by thousands or tens of thousands over the life of your loan
- Faster Payoff: Pay off your loan months or years earlier without making extra payments
- Flexibility: Access your offset balance whenever needed for emergencies or opportunities
- Tax Benefits: In some jurisdictions, offset accounts provide better tax outcomes than earning interest on savings
- Lower Monthly Payments: Option to reduce monthly payments while maintaining loan term
Important Considerations
Before choosing an offset loan, consider:
- Interest Rates: Offset loans may have slightly higher interest rates than standard loans
- Account Fees: Some offset accounts have monthly or annual fees - ensure savings outweigh costs
- Minimum Balance: Some lenders require minimum offset balances to receive benefits
- Discipline: To maximize benefits, maintain a meaningful balance in your offset account
- Comparison: Compare offset loan rates with standard loans and calculate if the benefits justify any additional costs
Conclusion
An offset loan calculator is an essential tool for anyone considering an offset mortgage or wanting to optimize their existing offset loan. By providing clear insights into interest savings, payment schedules, and the impact of offset balances, it helps you make informed decisions about your mortgage strategy. Whether you're looking to reduce monthly payments, pay off your loan faster, or understand how offset accounts work with lenders like ANZ, NAB, YBS, Nationwide, and Coventry, use our calculator to explore all your options. Offset mortgages can be a powerful tool for financial optimization when used strategically.