Loan Calc.

Your home. Your investment.

What effect does splitting a home loan across different interest rates and terms have?

Enter some details below, to see what this might look like.

Turn Person-2 calc's on
Close loan details
The mortgage
Option 1
Option 2
balance is
month it finishes
year it finishes
repayments are
number of splits
Change loan details to suit you.
Split 1
Option 1
Option 2
interest rate
portion of balance
amount
payment
Portion should be 100%.
Split 2
Option 1
Option 2
interest rate
portion of balance
amount
payment
Portions should total 100%.
Split 3
Option 1
Option 2
interest rate
portion of balance
amount
payment
Portions should total 100%.
Split 4
Option 1
Option 2
interest rate
portion of balance
amount
payment
Portions should total 100%.
Summary
Option 1
Option 2
total payment
total payments
total interest
total amount paid
Click calc. defaults, for more info.
Show calc. defaults

Total payments, interest, and amount paid are calculated as follows:

Default Settings

(a) Loan payments are based on re-calculating the balance from today up to loan maturity.

(b) To compare options, turn Person-2 calc's on.

(c) Values displayed in input fields are indicative. Add your own, otherwise this calc. won't work!

Assumptions

(d) Balance is the amount outstanding as of today.

(e) Loan is not or does not fall into arrears.

(f) Until the loan is repaid in full:

  • interest rates are constant
  • repayment frequency is constant
  • repayments occur at the selected frequency
  • no additional lending is sought
  • no additional repayments are made
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