Well, not really! I transferred $10 000 from the offset account to the loan account which still leaves the balance the same. I did that because I was afraid interest rates would rise and I was hoping that the bank would take the new balance into account when calculating the minimum payment.

It was payday this week but I had the big credit card to pay. At the moment, here are the balances of the accounts:

Variable Mortgage: 17696.89
Offset Account: 6665.65
Net Variable balance: 11031.24
Fixed Loan: 98232.08
Total Mortgage Amount: 109263.32
Credit Card: 172.99

The credit card is one of the lowest and the statement date doesn't end until the 16th of the month.

When I figured out the balances just then, I realised I had made an accounting mistake in my books and we are finally under 110 000 dollars with the mortgage! YAY!