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What is your borrowing capacity? Try our Borrowing Power Calculator and find out how much the banks will lend you for your home loan Buy Now Or Save More Calculator When is stamp duty exempted in the ACT? BAS Statement Income CalculatorĪpplying for a low doc mortgage? Use our low doc BAS calculator to find out how the banks assess your income from your recent BAS. ACT Stamp Duty Calculator 2023: Conveyancer DutyĬalculate the stamp duty on property purchases in the Australian Capital Territory (ACT) using our calculator. This page will tell you how much you can save by making extra repayments into your offset account.įree mortgage calculators to help give you a better insight into how the banks will view your home loan application. To find out more about how an offset account works or to calculate your average offset balance please see our offset account calculator page. Of course if you access the funds you have paid into your offset account then you will lose the benefit from making your additional repayments. This will enable you to access the funds in the future with greater ease. If you are disciplined with your money then it is better to make those extra payments to your offset account. Yes, making additional repayments to a 100% offset account will have the same effect as if you had made the extra repayments to your loan account. Can I make extra repayments to my offset account? Even with a small $100 /month additional repayment, this will make a very large difference on the total cost of your mortgage. If you refinance to a lower interest rate and then start to make those extra repayments, it can be even more beneficial!īy making higher repayments you reduce the principal on your loan much faster. Making extra repayments instead of, for instance, putting more into superannuation, is a simple and effective way to minimise the length of your loan and reduce the interest payable. Why make extra repayments on your mortgage? If you need a home loan, please call us on 1300 889 743 or fill in our online enquiry form today. Loan Repayment Calculator Home Loan Offset Calculator Discover More Calculators