Offset home loan calculator

A smarter way to own your home

Use our calculator to find out how our offset home loan could help you save more and pay off your home loan faster. By putting extra cash into your offset account every month, you could grow your savings while reducing the amount of interest you pay on your home loan.

Step 1

Enter your home loan and offset contribution details.

Step 2

Try entering different offset contribution amounts to see how your savings change.

Step 3

Get your results. The calculator will show you how much you could save over the life of the loan.

THE MACQUARIE DIFFERENCE

Calculate how much you could save

Question 1 of 6Question 2 of 6Question 3 of 6Question 4 of 6Question 5 of 6Your detailsProcessing...Your results

Which describes your next home loan?

New home loan
Refinance
Investment
Not sure
Skip

How much would you like to borrow?

Enter amount

Oops, this value seems out of our range.

Try values above $50k and below $15m.

How much deposit have you saved?

Enter amount

Oops, this value seems out of our range.

Please make sure you have at least 10% deposit.

Your starting offset account balance?

Enter amount

Oops, this value seems out of our range.

Savings should be less than property value.

Monthly offset account contributions?

Enter amount

/month
Oops, this value seems out of our range.

Please keep monthly contributions within reason.

One last step

Enter your details below or skip ahead.

Thank you for completing this form, we'll be in touch.
There seems to be an error with your request, please contact us.

Thank you for completing this form.

Putting $800/mth into your offset account could save you:

Oops, there seems to be something wrong.

Please contact us and we'll walk you through your home loan options.

Reduce your interest and repayments by:

$135,606 /year

This is equivalent to a family trip to the movies° This is equivalent to a family trip to Taronga Zoo° This is equivalent to an average energy bill° This is equivalent to a month’s worth of groceries° This is equivalent to a two-day family pass to Disneyland California° This is equivalent to two return flights to New York° This is equivalent to a 7 night family holiday in Fiji° This is equivalent to a 5 night holiday package in the Maldives° This is equivalent to a business class return flight to London°

Giving you a total savings of:

$135,606

over the life of your loan

Equivalent to a reduction off your home loan:

11 years, 4 months

off the life of your loan

Your home loan repayments would be:

$2,298 /month

Based on a principal and interest investmentowner occupier loan of with a % LVR, a variable interest rate of % pa and comparison rate of % pa is assumed resulting in minimum monthly repayments of . Interest savings are calculated based on your initial contribution of plus your monthly contributions of per month to your offset account.

This calculator does not include the annual offset account fee of $248^.

Rate applies for new investmentowner occupied loans when you borrow up to % of the property value with a interest onlyprincipal and interest repayment variable rate offset home loan package. Subject to change without notice.

* The comparison rates are based on a loan for $150,000 and a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

The information contained in this calculator is by way of example only and should not be regarded as a prediction, or as personal advice. Calculations are not forecasts or projections but is a tool that may assist you to make your own projections. The calculator is not intended to be a substitute for professional financial advice. Other than as required under consumer protection law, under no circumstances will Macquarie be liable for any loss or damage caused by a user's reliance on information obtained by using this calculator. Macquarie specifically disclaims any liability for any damages arising out of or in any way connected with the access to or use of this calculator. The information in this calculator does not constitute an offer to lend, or imply the product is suitable for you. If you wish to apply for a loan, then you need to complete the application form available from our staff.

Want to speak to a home loan specialist?

Call us now on 13 62 27
(Mon-Fri 8am-6pm) or complete this form and we'll be in touch.

Thank you for completing this form, we'll be in touch.
There seems to be an error with your request, please contact us.

The information you provide on this form will be retained and handled by Macquarie in accordance with our Privacy Policy and we may contact you about products or services we feel may be of interest to you. If you do not wish to provide all details or receive information of this nature, please phone us on 1800 806 310. Phone calls to and from Macquarie may be recorded for quality and assurance purposes. If you do not want your call to be recorded, please advise the Macquarie staff member. If you have used our calculator we have also collected this information to assist with your enquiry.