Loan Simulator
Offset (Choices)
Loan Balance
$500,000
⇅ Linked
Offset Cash
$0
Fixed Payment: $3,160
Interest Part
$2,708
Principal Part
$452
↓
Next Month's Balance
$499,548
Balance drops automatically.
Revolving (Non-Red.)
Balance Owed
$500,000
Limit: $500,000 (Fixed)
Daily Interest
$89.04
Available
$0
Payment Required
Interest Only
↓
Next Month's Balance
$500,000
If you only pay interest, the balance stays the same.
Revolving (Reducing)
Balance Owed
$500,000
Limit: $500,000 (Drops)
Daily Interest
$89.04
Available
$0
Limit Reduction
Limit Drops By
$1,388
↓
Next Month's Limit
$498,611
Balance is forced down to match the new limit.