Mortgage Calculators

Offset Mortgage Calculator

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Mortgage Calculators Offset Mortgage Calculator

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Offset Mortgage Calculator

Compare what your mortgage repayments would look like with a savings offset versus a standard mortgage. See how much interest you could save by offsetting your savings against your loan.
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years
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Interest saved with offset:

With Offset
Monthly Payment
Total Interest
Total Repayable
Standard Mortgage
Monthly Payment
Total Interest
Total Repayable
Savings Summary
Effective Balance (After Offset)
Total Interest Saving
Mortgage Balance Savings Balance
Year Mortgage Savings Effective Balance
With an offset mortgage, your savings remain accessible - you don't use them to pay off the mortgage, they simply reduce the balance that interest is charged on.

How offset mortgages work: Your savings are held in an account linked to your mortgage. Interest is only charged on the difference between your mortgage balance and your savings. For example, a £200,000 mortgage with £30,000 in savings means you only pay interest on £170,000.

Monthly savings: Regular contributions to your offset savings increase the offset balance over time, further reducing the interest charged on your mortgage. For repayment mortgages, this means more of each payment goes towards principal, clearing the mortgage sooner.

Standard comparison: The standard mortgage calculation uses the full loan amount to calculate interest, giving you a clear picture of how much the offset saves you.

These figures are estimates. Your actual savings will depend on your lender's specific offset mortgage terms and conditions.

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Your Offset Mortgage Summary

mortgage at with offset savings

Interest Saving
With Offset Standard
Monthly Payment
Total Interest
Total Repayable
Estimates only. Always check your mortgage terms. www.moneyhelpdesk.com

Interested in an offset mortgage?

A mortgage broker can compare offset mortgage deals from across the market to find the best option for your circumstances.

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

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Money Helpdesk is a trading style of LeadCrowd Limited which is registered in England and Wales (10963512).

Our registered office is The 1812 Building, Wheatley Park, Mirfield, West Yorkshire, WF14 8HE.

Money Helpdesk is an independent marketing website that acts as an introducer to FCA regulated companies. The guidance and or advice contained within this website is subject to the UK regulatory regime and therefore primarily targeted to customers in the UK. Any and all personal information that we may collect will be used and held in accordance with our privacy policy. We may use your personal information to contact you or pass your details to other companies associated with us, to contact you (including by telephone) to provide you with details and services in relation to any enquiry you make to us. Any rates shown are for illustrative purposes only, they should not be taken as any form of advice or recommendation. Actual mortgage quotes are based on individual circumstances.

At Money Helpdesk, we strive to provide informative guides and tips, however, please note that you use the information provided at your own risk. We cannot be held liable for any issues that arise from using the information provided.

The information found on our website is not tailored advice specifically for each individual reader and therefore should not be taken as financial advice.

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