Play with the numbers to get a feel for repayments, offset savings, comparison rates and borrowing power. These are estimates to help your thinking — Russ will run the exact figures for your situation for free.
Loan details
Estimated repayment
$2,998
per month
Total interest paid
$579,280
Total repaid
$1,079,280
Estimate only, based on principal & interest repayments at a fixed rate for the full term. Actual repayments depend on the lender, product and your circumstances.
Loan & offset details
Interest you could save
$0
over the life of the loan
Loan paid off
0 yrs 0 mo sooner
Repayment stays
$2,998 / mo
Assumes your offset balance grows by the extra monthly amount you set, on top of the starting balance, and your loan repayment is kept the same as the no-offset scenario — so the loan is paid off faster rather than the repayment dropping. Actual savings depend on how your balance actually changes over time.
Rate & fee details
Estimated comparison rate
6.14%
vs advertised rate of 6.00%
This is an illustrative estimate only, not a lender's official comparison rate. Official comparison rates in Australia are calculated by lenders under ASIC's National Credit Code on a standard $150,000 / 25-year basis and can only be relied on as published by the lender. Use this tool to get a feel for how fees affect the true cost — Russ can pull the real comparison rates for products that suit you.
Your financial position
Estimated borrowing capacity
$430,000
assessed at 9.00% to build in a serviceability buffer
A rough guide only, using a simplified version of the buffer lenders apply to your actual rate. Real borrowing capacity also depends on dependants, credit history, other assets and each lender's own policy — this is where Russ compares 40+ lenders to find your real number.
Want the real numbers for your situation? It costs nothing to find out.
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