Split Loan Calculator

What is a Split Loan?

A split loan calculator simplifies the process of evaluating repayment amounts, total interest, and cost comparisons for different loan splits. It’s a powerful tool for borrowers and professionals to make informed decisions about structuring loans.

How a Split Loan Calculator Works

A split loan calculator simplifies the process of analyzing how dividing a mortgage into fixed and variable portions impacts overall costs. To use it, you input key details:

Loan Amount: The total amount borrowed.

Split Ratio: The percentage allocated to fixed and variable portions..

Interest Rates: The fixed rate and the variable rate applicable to each portion.

Loan Term: The duration of the loan, typically in years.

Additional Fees:: Any charges like setup or ongoing fees.

The calculator processes these inputs and provides outputs such as:

Monthly Repayments: Shows how much is payable for each portion of the loan

Total Interest Payable: Breaks down the interest costs for fixed and variable components.

Cost Comparison: Illustrates the financial impact of different split ratios.

Loan Term: The duration of the loan, typically in years.

Potential Savings: Highlights how adjusting the split can optimize costs based on rate changes.