Split Loan Calculator

$
$
%
%

Send via email

Assumptions

The Split Loan Calculator has an initial term that splits the loan repayment into a fixed rate portion and a variable loan portion.

Assumptions:

  • The dollar amount entered in the “fixed portion of loan” is calculated at the “fixed rate” for the term of “fixed period”.
  • The principal minus the fixed portion of the principal is calculated at the variable rate.
  • After the fixed period has finished the remainder of the principal is calculated at the Variable rate.
  • One year is 52 weeks exactly, a month is 52/12 weeks and a fortnight is 26 weeks.
  • Interest is calculated by compounding on the same frequency as the repayment stated, i.e. weekly, fortnightly or monthly.
  • Repayments are made at the start of each period.
  • Rounding is made at the end of the calculations and not at each payment period
  • It does not take into account up-front fees and monthly/annual account fees.
  • You can email your results to yourself and if you request, a copy of your results and contact information is sent to the web site owner.
  • You can print your results for future reference.
  • You should consult a finance professional before you make decisions based on this calculator.

$

$

$

Repayments after fixed period

$

Total interest payable

$

Total cost of loan

$

For a variable rate only loan,
the interest payable would be

$

Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as an indication only. They are neither a quote nor a pre-qualification for a home loan.