Offset vs Redraw

Quantify the value of an offset account versus a redraw facility.

Loan Balance: $600,000

Interest Rate: 6.1%

Savings / Offset Balance: $80,000

Comparison Period: 5 years

This is (or will be) an investment property

Interest over 5 years

$158,600

Without Offset (full balance)

$183,000

Interest Saved

$24,400

By keeping $80,000 in offset/redraw over 5 years

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