Split home loan.
Splitting isn’t about chasing the best rate. It’s about spreading the risk.
- Your combined rate
- Payments for each part
- Send it to yourself
The loan
What you are borrowingThe term sets your repayment. How long a rate is fixed for is a separate thing.
The split
$600,000 allocatedYour fortnightly repayment
$1,512.55
$39,326 paid per year
What each part costs
| Part | Per fortnight | Per year | Interest / yr | Left at re-fix |
|---|---|---|---|---|
| Part 1 | $494.72 | $12,863 | $9,910 | $197,047 |
| Part 2 | $506.06 | $13,157 | $10,310 | $194,153 |
| Part 3 | $511.77 | $13,306 | $10,510 | $191,147 |
Interest / yr is what that part costs you in interest over its first twelve months — the part of the repayment that buys you nothing. It is the number to compare parts on.
This calculator models the structure, not extra repayments. To see what paying more each time does to the balance, use the repayments calculator. The repayment and the interest before your first re-fix are locked in; anything covering the full 30years assumes today’s rates hold, which they will not.
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Why split it at all
Spread refixing risk
Fixing the whole loan on one term means the entire balance resets at once. Splitting it across different terms means only part of the mortgage comes up for review at a time.
Make room for extra repayments
Fixed loans can limit how much you can repay early. A shorter or flexible portion gives you somewhere to direct bonuses, lump sums or extra repayments without disturbing the rest.
Match the loan to real life
A sale, renovation, change in income or future lump sum can all affect your plans. A split structure lets one part of the loan be shaped around what is likely to happen next.
Build the structure.
Want a second opinion on it?
A calculator builds the structure. Strategy comes from experience — what a lender will approve, and what actually holds up when rates move. Want to talk through your situation?
This is a guide, not advice. These figures are indicative only — based on the numbers you entered and on general assumptions, not on your circumstances. They are not an offer of finance or a recommendation to borrow, structure or fix any amount.
Rates, available terms, split minimums and early-repayment allowances differ by lender and by contract. What your loan can actually be structured as is confirmed by a lender, in writing, after a full application.