Calculate how much interest and loan term you save by keeping savings in a 100% mortgage offset account compared to a standard home loan.
Mortgage paid off 8 yrs, 4 mos earlier! (Payoff in 21.7 years)
Daily Interest = max(0, Loan Principal - Offset Balance) × (Interest Rate ÷ 365)Because your monthly repayment remains constant, all interest savings directly reduce loan principal faster.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual ATO tax rates, superannuation rules, RBA cash rates, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult an ASIC-licensed financial advisor or CPA prior to executing financial commitments.
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