Split Loan
Calculator

Investors considering splitting their loan agreements to allocate a portion of the loan amount to attract both a fixed rate and a variable rate can make use of Smart Property Investment's split loan calculator to determine and estimate the approximate amount of fixed and variable rate portions in your split loan.
You would also be able to determine the amount of fixed monthly repayments needed compared to variable monthly repayments, as well as the total interest payable.
DISCLAIMER: The information provided by this calculator is intended to provide an approximate estimate based on stated assumptions and inputs entered. For more information, read more on
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Definitions:

Loan amount

The total value of the loan applied for in a loan agreement.

Fixed portion

The percentage of loan amount to be apportioned to a fixed interest rate.

Fixed period

The number of month or years wherein the amount of loan is to be under a fixed interest rate.

Fixed interest rate

The fixed percentage of a loan amount where during a specific number of months or years, the interest rate does not fluctuate or does not increase or decrease.

Variable interest rate

The variable percentage of a loan amount where the loan or security's interest rate fluctuates over a period of time based on current benchmark or index rates.

Loan term

The number of years needed to repay the loan, as indicated in the loan agreement.

Repayment scheme/frequency

The schedule in which repayment is made, whether the loan is paid every monthly, fortnightly, or on a weekly basis.

 

Fixed repayment

The amount of monthly repayment to be made to satisfy a loan agreement, based on the portion of the loan split to be based on fixed interest rates.

Variable repayment

The amount of monthly repayment to be made to satisfy a loan agreement, based on the portion of the loan split to be based on variable interest rates.

Total monthly repayment

The total amount of monthly repayments to be made, adding the fixed repayment and variable repayment values.

Total interest payable

The total amount of interest payable to satisfy the loan agreement.

Total interest payable if loan was at a variable rate

The approximate total amount of interest payable that satisfies the loan agreement, to which a variable interest rate is applied.

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