Offset account calculator


By utilising the offset account on your home loan, you’ll reduce the amount of interest you pay. And the more money you have sitting in your offset account, the more money you’ll save.

The balance of your savings is simply offset against the amount you owe on your loan because interest is earned at the same rate as your loan.

View an illustrated example on how this works >

Calculating the interest you’ll save

If you don’t have access to a dedicated offset account calculator, here are a couple of scenarios to give you an idea of how much interest you can expect to save according to different loan amounts and terms*.



Offset account calculator - Easy Street

Scenario 1

You have a home loan with a variable rate of 7.10%p.a. You owe $300,000 and your remaining term is 25 years. You have $3,000 in your offset account.

According to the above scenario, you’d save approximately 3 months on your loan term and just over $9,000 in interest.

Scenario 2

You have a home loan with a variable rate of 7.10%p.a. You owe $500,000 and your remaining term is 25 years. You have $6,000 in your offset account.

According to the above scenario, you’d save approximately 7 months and just over $28,000 in interest.


Using an offset account with Easy Street

You can utilise our offset account if you have an Easy Street Honeymoon home loan or a Fixed home loan.

To find out more, visit our home loans pages or contact us.




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Our product Conditions of Use are available on this website. You should read and consider these Terms and Conditions when deciding to use any product. *This is an estimate only. Examples are shown for illustrative purposes only and does not constitute a quote.