Split Home Loan Repayments Calculator

Thinking of a split loan?  What will your repayments be under different fixed and variable rate scenarios?

Benefits of using the Split Home Loan Repayments Calculator

Paying your home loan through both fixed and variable interest rate gives you flexibility. A fixed rate gives you certainty and the variable rate is probably lower.  Split loans are the best of both worlds.  To work out how taking a split loan work out for you, you you can use New-Loan’s split home loan repayments calculator.

This calculator is easy to use. First, you have to enter the loan amount. Then, you must also key in the specifics of your fixed home loan interest rate by adjusting the fixed portion, fixed period and fixed interest rate portions.

To determine the results for the variable interest rate part of the loan, you must adjust the variable interest rate and loan term fields according to the terms in your loan. After which, you must choose from a weekly, fortnightly or monthly repayment frequency.

After you have given information on the particulars for your fixed and variable home loan interest rate, this calculator will display your monthly fixed and variable repayment. It will also show the cumulative monthly repayment and the total payable interest. The total payable interest for a variable rate only payment is also shown here.