Split Loan Calculator
Let’s Talk
Split Loan Calculator
A split loan is a home loan divided into two or more instalments. For example, you might designate many loans of the same type or a portion of the loan with a variable interest rate and the other half with a fixed interest rate.
Splitting a home loan into fixed and variable rate portions can provide insurance against future changes in interest rates that no one can predict.
A split loan provides greater freedom and assurance when it comes to paying off your mortgage. Splitting your loan allows you to arrange part of it at a variable interest rate to take advantage of competitive or fluctuating market rates and a portion at a fixed interest rate with predictable instalments.
Enter the total amount and length of your home loan and the fixed portion (the amount to which the fixed interest rate will apply) into the calculator. It will calculate your fixed and variable repayments, the total amount owed on the loan, and the total interest required to be paid back.
