This simulator allows you to analyse the choice of a fixed or variable rate by modeling
changes in the variable interest rate and comparing the amount repaid during the
period and the outstanding loan balance at the end of the period.
Enter the period over which you wish to compare loans:
Predicting where interest rates are heading is not an easy task. The simulator allows
you to adjust the variable interest rate every quarter to simulate whether you would
be better off with a fixed or variable interest rate.
* Note, the term of the loan can be longer than the fixed period you have selected.
For example you may be taking out a 25 year loan but only analyse the first three
years. The shorter the term of the loan the higher your repayments will be.