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Mortgage tools

Offset mortgage calculator

Illustrate the effect of keeping savings linked to a repayment mortgage.

Illustrative input, not a current product rate.
Your illustration—

What this illustration assumes

Assumes a constant linked savings balance and rate, with the original monthly payment unchanged. Interest is charged on the mortgage balance less savings, floored at zero. Savings are not used to pay off capital. Excludes fees and interest you might earn on savings elsewhere.

Calculated on your device. The figures you enter are not sent to Jack. A lender or insurer may calculate costs differently.

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Understand the figures

What to compare alongside an offset calculation

Offset arrangements link eligible savings to a mortgage so the balance used to calculate mortgage interest can be reduced. The illustration shows a simplified effect using the figures entered.

Compare the actual mortgage rate, fees and product terms with alternatives, and consider how much accessible cash you need. The result is not a savings return or a recommendation to move investments.

Illustrations support preparation for a conversation. Read the assumptions above and how website information is prepared.

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