Split Loan Calculator

Calculator
Amortisation

Enter your split loan details Loan Amount: Fixed Period: Fixed Portion: Fixed Interest Rate: Variable Interest Rate: Loan Term: Repayment Frequency: View your results

Total Interest Payable: Total Interest Payable if loan was at variable rate only:

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Splitting a home loan into fixed and variable rate portions can provide insurance against future changes in interest rates that no one can predict. This calculator calculates your repayments and total interest under different fixed and variable rate scenarios.

Assumptions

It does not take into account any possible fees i.e. up-front fees or ongoing fees.
Interest rate does not change over the loan term.
Interest is calculated by compounding on the same repayment frequency selected, i.e. weekly, fortnightly, monthly. In practice, interest compounding frequency may not be the same as repayment frequency.
It is assumed that a year consists 26 fortnights or 52 weeks which is counted as 364 days rather than 365 or 366 days.
No rounding is done throughout calculation whereas repayments are rounded to at least the nearer cent in practice.