Digital Banking
Offset Flexible Mortgage - Calculator
Pay off your mortgage faster – without increasing your monthly payment
What to do now?
Try entering different figures - you may be able to pay off earlier
Contact our advisers for mortgage advice
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Lines are open: Mon to Fri 8am-8pm, Sat 9am-4pm (excl. public holidays). Calls may be recorded
New customers
0800 068 7675
Existing RBS mortgage customers
0800 096 0966
Minicom
0800 056 6587
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How we do our calculations
How did we calculate your Offset rate?
The figures shown in the Offset Flexible Mortgage calculator are indicative only. The actual interest cost, actual repayment time, and your actual savings will depend on the balances you maintain in your linked accounts and other factors such as future interest rates.
The illustration does not include the cost of life assurance, buildings insurance, ISA or endowments. If you want a detailed illustration based on all your specific requirements, please call 0800 068 7785 or contact your local branch.
What assumptions have we made?
To allow us to calculate a result we have to make some assumptions. These are as follows:
- the savings and current account balances you have entered do not change over the term of your mortgage
- your mortgage payments do not change over the term of the mortgage
- the current account interest rate equals our Select Account rate
- any monthly savings are paid for the duration of the mortgage
- any monthly overpayments are paid for the duration of the mortgage
- only one lump sum payment is made during the term of the mortgage
How much could I save calculation
Taking into account the values you supplied us; this compares the interest payable on the full balance of your Offset Flexible Mortgage with no offsetting, against the interest payable on the reduced mortgage balance. Credit interest received is not taken into account.
Equivalent Rate Calculation
The equivalent rate is calculated by converting the ‘total amount payable’ figure after offsetting into an interest rate based upon the original mortgage amount, term and repayment type you specified. It assumes there would be no product fee to open the mortgage with the equivalent rate.