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Splitting your home loan into fixed and variable rate portions can provide you with both security and flexibility. Find out how much you will pay if you divide between fixed and variable interest rates with our split loan calculator.

Splitting your home loan into fixed and variable

Are you unsure whether to choose a fixed-rate home loan, a variable-rate home loan, or a combination of both? A split home loan allows you to divide a single loan into two parts, one having a fixed interest rate and the other a variable interest rate.

A fixed interest remains constant throughout the life of a loan, resulting in the same monthly payment, while a variable interest rate depends on market conditions and could fluctuate over time. The combination of the two allows borrowers to decide how much of their loan amount they want to keep stable and how much they’re comfortable leaving open. For example, you might fix 60% of your loan to ensure repayment certainty, while keeping 40% variable in case of potential interest rate reductions.

Benefits of splitting your loan

Split loans offer the best of both worlds, a middle ground between the predictability of fixed rates and the flexibility of variable rates. The division can provide insurance against future changes in interest rates that no one can predict. If rates fall, the variable portion lets you benefit from lower repayments. You get the stability of a fixed rate, and knowing part of your repayment amount in advance helps with long-term financial planning.

How to use the split loan calculator?

The split loan calculator helps you visualise how different loan structures impact your repayments, just with your basic loan details, to decode whether you should opt for a variable-rate or a fixed-rate loan.

Begin by providing your loan amount, the fixed portion of your loan interest, the fixed period and the fixed interest rate. Moving on, you will need the variable interest rate, the loan term and repayment frequency. The results display your fixed monthly repayments, variable monthly repayments, total monthly repayments, interest payable and the total interest payable if the loan were at a variable rate only.

This breakdown helps you see how much you could save or how your repayments might change with a split vs a fully fixed or fully variable loan.

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Nice Loans made both our refinance and new investment home loan simple and stress-free. Both Saru and Suman worked seamlessly as a team—professional, approachable, and always clear in their communication. They guided us with care, answered every question, and handled the process efficiently. We felt confident throughout and would gladly recommend Nice Loans to family and friends.
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R Singh
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Big thanks to Suman and Saru for helping us with our home loan. They’ve been easy to deal with, responsive and always happy to answer our questions. Thank you! Really appreciate the ongoing support.
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S Karmacharya
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We had a great experience with Suman while sorting out our home and land package. He was professional, helpful, and guided us clearly through every step of the process. His knowledge, quick communication, and genuine support made everything smooth and stress-free. We highly recommend Suman to anyone looking for help with a home and land package.
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P Acharya
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We are extremely happy with the team at Nice Loan for helping us with our SMSF loan, especially Aakriti. She was very polite, professional, and always reachable whenever we needed assistance. Thank you so much for all your help and support throughout the process.
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R Gupta
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I had a smooth and great experience with Nice Loans while completing both a refinance and a new loan. Saru and Suman were professional, supportive, and knowledgeable throughout the entire process. Their communication was clear, timely, and transparent, which made everything easy to understand. They guided us through each step, answered all our questions, and ensured we felt confident in our decisions. The process was handled efficiently with great attention to detail. Overall, it was a stress-free experience. I would highly recommend Nice Loans to family and friends.
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⭐️⭐️⭐️⭐️⭐️ Had an amazing experience with Nice Loans. Big thanks to Suman Nepal and Akriti Maharjan for making my loan process smooth and stress-free. They were professional, supportive, and always clear with communication. Highly recommend their service!
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R Khadka
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Thank you nice teams especially suman dai and aakriti ji for assisting from the start till the end and guiding throughout the whole process. Highly appreciated and recommends to others. Thank you again.
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The service provided by the Nice Loans team, especially Suman and Akriti, was exceptional. They were consistently available, highly professional, and patient in guiding me through my application. Despite last-minute challenges from the bank, they secured all approvals on time for the settlement of my first home in Australia. I highly recommend this customer-focused team for any home loan needs. Thank you, Suman and Akriti, for your outstanding support.
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It was an excellent professional service received from Nice Loans team- Suman was great in securing my home loan, refinancing and dealing with banks making the whole process so smooth and informed. Akriti kept communicating informations timely and providing quick replies to my loan/banking enquiries. In the past I had my house rented through Nice team and that went very well (thanks to Milan and Suman) that is why I am again with them for new home loan and refinancing. I would recommend Nice Loans for anyone reading this review.
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A Koirala
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⭐⭐⭐⭐⭐ We had an excellent experience with Suman Dai and Akriti from Nice Loans. From the very beginning, they made the entire process smooth, simple, and completely stress-free. They were professional, approachable, and always ready to answer any questions, which made everything much easier and less overwhelming. I truly appreciated their guidance and support throughout the process. If you’re looking for a team that is reliable, efficient, and genuinely cares about their clients, I highly recommend Suman Dai and Akriti at Nice Loans. Highly recommend 👌 👍 👏 🙌
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Disclaimer: Results are estimates only based on the information you enter. They do not constitute financial advice, credit assistance, or a loan offer. Actual fees and eligibility may vary depending on your circumstances and lender assessment. Seek independent advice from a licensed mortgage broker before making financial decisions.