Mortgage Offset Calculator
You can avail of an offset home loan if you have an existing savings account and a home loan with the same bank or lender and your savings account will be used to offset your mortgage interest. Instead of setting up a regular savings account, try to set up your savings in an offset account that is tagged to your home loan. Hence, there is no need to pay the mortgage loan interest of the amount in the savings. You can use this mortgage offset calculator to determine if this type of home loan is suitable for you.
Important notice: The results provided by these home loan calculators are only intended for you to work on illustrative examples based on your inputs as well as stated assumptions. The figures provided by this mortgage offset calculator is not a form of reliable financial advice. It is ideal to discuss your financial needs with a professional online mortgage broker.
Express Mortgage Market has a range of home loan calculators to help you choose the best loan and the most suitable feature or terms for you.