Use the average balance
A large balance for two days is different from cash that remains available through most of the month. Daily behaviour drives the result.
OFFSET MORTGAGE
Make the money you already have work against the interest you owe.
An offset-style mortgage links day-to-day cash flow with your borrowing. Available cash reduces the balance used for the interest calculation while remaining accessible under the product’s rules.
✓ Private planning estimate✓ Updates as you type✓ Ontario-focused
Mortgage balanceCash offset
DIRECTIONAL ILLUSTRATION$4,311A simplified illustration using a constant balance, rate, and average cash amount. Actual offset products calculate interest daily and have product-specific rates, fees, and rules.
estimated interest avoided over 5 years
Balance used for illustration$432,000
Approximate annual difference$862
Approximate daily difference$2
BEYOND THE CALCULATOR
Useful for the right cash-flow pattern—not every household.
The potential comes from keeping income and savings working against debt consistently. Product rate, fees, spending habits, and the average—not peak—cash balance determine whether the structure is worthwhile.
Compare product cost
An offset feature only wins when the interest reduction is greater than any difference in rate, fees, or lost benefits elsewhere.
Build the routine
Directing paycheques and savings through the structure can help, but only when spending and emergency reserves remain controlled.
YOUR NEXT MOVE
Let’s make the mortgage fit your life.
A quick conversation can show you what is possible, what it costs, and which option actually makes sense.
