HouseMe Calculator
Revolving credit, made simple.
See exactly where your lending goes on settlement day — and how the surplus comes back to you.
The idea in one line
Your bank advances your fixed loan plus a flexible revolving credit facility to repay your old loan. On settlement day only what’s needed goes out — the rest is paid into your new revolving credit account.
Try it with your numbers
Type in the amounts for your settlement. Nothing is saved or sent — it all stays on your screen.
An illustration to show how the facility works. The figures that bind are those in your loan documents and settlement statement.
What this means for you
The surplus comes back
Anything advanced above what’s needed to repay your old loan is paid straight into your new revolving credit account, ready for you.
Interest only on what you use
A revolving credit works like a large everyday account with a limit. You pay interest on the balance you actually draw, not the full limit.
Redraw whenever
Use that available money again later — a renovation, a buffer, or to pay the loan down faster — without applying again.
Still have a question about your settlement?
Book a free 15-minute call with Angus — happy to walk through your own numbers.
More HouseMe calculators
Plain-English tools and guides for each step of buying, selling and refinancing.
Revolving credit, explained
Where your lending goes on settlement day, and what comes back to you.
You’re hereSelling and buying again
Estimate your equity, the cash to complete your next purchase, and your new repayments.
Open the toolSettlement day, step by step
What actually happens on the day, and who does what.
Open the guideWhat will it actually cost?
Every cash cost before you get the keys — not just the deposit.
Open the tool