 Fixed, variable or split-loan calculatorhttps://ratepool.com.au/calculators/split-loan Explore another scenario |
Fixed, variable or split-loan calculatorhttps://ratepool.com.au/calculators/split-loan Explore another scenario |
Divide your loan between fixed and variable rates, then see how each part shapes the repayment.
Divide the balance between fixed and variable rates. The starting figures are an example.
$3,296.09per month
Fixed component$1,593.99
Variable component$1,702.10
Only the variable portion changes in this test. The fixed portion stays at 5.89%.
The fixed component stays unchanged in each scenario.
| Variable-rate change | Variable rate | Fixed component | Variable component | Combined repayment | Repayment change |
|---|---|---|---|---|---|
| −0.50 points | 5.59% | $1,593.99 | $1,548.68 | $3,142.67 | −$75.86 |
| Entered variable rate | 6.09% | $1,593.99 | $1,624.54 | $3,218.53 | — |
| +0.25 points | 6.34% | $1,593.99 | $1,663.11 | $3,257.10 | +$38.57 |
| +0.50 points | 6.59% | $1,593.99 | $1,702.10 | $3,296.09 | +$77.56 |
| +1.00 points | 7.09% | $1,593.99 | $1,781.33 | $3,375.32 | +$156.79 |
These estimates use the rates entered above before any tested variable-rate change.
We divide the entered balance using the selected fixed percentage. We estimate a principal-and-interest repayment for each portion over the same remaining term, then add them together. The rate-change test applies only to the variable portion.
This is a repayment illustration, not a prediction that either rate will remain available. It excludes fees, offset balances, extra repayments, fixed-rate expiry, break costs and differences in lender calculation methods. A split loan can have separate accounts and conditions. Check the lender's rules before changing your loan.
A split loan places part of the balance on a fixed rate and the rest on a variable rate. The fixed portion can make repayments more predictable for a period, while the variable portion may retain more flexibility.
Check fees, offset and redraw access, extra-repayment limits, break costs and what happens when the fixed period ends. The most suitable split depends on your circumstances and how much repayment change you can manage.
Model the fixed-rate expiry