Hi all
I was curious to see if anyone had a calculator similar to what the ANZ Scenario Calculator used to offer (theirs doesn't seem to work anymore)?
Basically what I want to know is how an offset account impacts the monthly repayments on an IO loan? Most of these types of online calculators just seem to show the difference over the term of the loan. But I want to know what this means to my pocket week-to-week as:
a) I deposit more money into the offset
b) Interest rates change
c) I re-finance the loan
Maybe there's already something out there which I've missed.
Cheers
H
I was curious to see if anyone had a calculator similar to what the ANZ Scenario Calculator used to offer (theirs doesn't seem to work anymore)?
Basically what I want to know is how an offset account impacts the monthly repayments on an IO loan? Most of these types of online calculators just seem to show the difference over the term of the loan. But I want to know what this means to my pocket week-to-week as:
a) I deposit more money into the offset
b) Interest rates change
c) I re-finance the loan
Maybe there's already something out there which I've missed.
Cheers
H