Split loan repayments calculator

Splitting your home loan into fixed and variable rate portions can provide you with both security and flexibility. This mortgage calculator helps you work out different options for splitting your home loan.

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Our current interest rates

Lender Product Annual Interest
Rate % p.a.
Comparison
Rate % p.a.
Home Package Plus SP 1 Yr Fixed OO LVR > 80% <= 90% ($150k +) P&I (1 Year Fixed) 3.69% 4.88%
Home Package Plus SP 1 Yr Fixed OO LVR > 80% <= 90% ($150k +) Int Only (1 Year Fixed) 3.69% 4.96%
First Home Buyers Special 2 Year Choice Fixed Rate OO P&I (2 Year Fixed) 3.69% 5.38%
Premium Package Fixed Rate OO P&I Only (1 Year Fixed) 3.73% 4.78%
Home Package Plus Fixed OO LVR <= 80% ($150k +) P&I (3 Year Fixed) 3.79% 4.53%
Lender Product Annual Interest
Rate % p.a.
Comparison
Rate % p.a.
Basic Variable Rate OO LVR <= 70% ($150k +) P&I Only 3.64% 3.66%
Advance Variable OO LVR <= 90% P&I 3.65% 3.70%
Back to Basics SP Home Loan OO <= 90% P&I 3.68% 3.72%
Basic Variable Rate OO LVR <= 70% ($150k +) P&I Only 3.69% 3.71%
Orange Advantage OO LVR <= 80% (>=$500k <$1M) P&I 3.69% 3.99%
Credit criteria, conditions, fees and charges apply. Subject to suitability. The comparison rates in this table are based on a loan amount of $150,000 and a term of 25 years. Warning: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

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Splitting your home loan between fixed and variable

A split loan could offer you both flexibility and security when it comes to paying off your mortgage. Splitting your loan would allow you to set a specific amount at a fixed interest rate with predictable repayments, and have the remainder set at a variable interest rate, allowing you to take advantage of any competitive or fluctuating market rates.

Enter into the calculator your total home loan amount and period, as well as the amount of your loan that will be the fixed portion (the amount that you will have the fixed interest rate applied to). It will calculate your fixed and variable repayments as well as the total payable interest on the loan and full amount to be repaid.

Only some loan providers will allow you to adjust your loan for split loan repayments, so if you’re interested in finding out more, your local Mortgage Choice broker can discuss the options with you. 

Disclaimer:
The results from these calculators are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

Borrowing Power:
The borrowing amount is a guide only. Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

Loan Repayments:
The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.