To study sweep frequency impedance (SFI) features of short-circuit (SC) faults easily, this paper proposes a broadband electric circuit model of a transformer winding and solves its three key problems. The first problem is the calculation of lumped-circuit parameters considering frequency-dependent complex anisotropic permeabilities (FDCAPs), which are caused by the physical characteristics, such as skin, proximity, and geometrical effects and anisotropic properties, of the transformer core and winding materials. The other issue is the establishment of the electric circuit model based on the SFI measurement connection mode, the transformer winding parameters, and a double-ladder network (DLN). Another issue is the construction of the state-space model of the electric circuit toward different SFI values to obtain all network branch voltages and currents. The accuracy of the proposed model is assessed by comparing its SFI signatures with those of the simulation model, without considering FDCAPs under healthy winding, and the corresponding physical transformer model during healthy winding and SC faults. It is observed that the SFI results of the proposed model are closer to the experimental measurements, and the model can be effectively used to study the SFI features of SC faults. Moreover, the impacts of different types of SC faults on the SFI data are concluded in this paper.