Within an isospin and momentum dependent transport model, the dynamics of isospin particles(nucleons and light clusters) in Fermi-energy heavy-ion collisions are investigated for constraining the isospin splitting of nucleon effective mass and the symmetry energy at subsaturation densities. The impacts of the isoscalar and isovector parts of the momentum dependent interaction on the emissions of isospin particles are explored, i.e., the mass splittings of m_n~*=m_p~* and m_n~*> m_p~*(m_n~*< m_p~*). The single and double neutron to proton ratios of free nucleons and light particles are thoroughly investigated in the isotopic nuclear reactions of ~(112)Sn+~(112)Sn and ~(124)Sn+~(124)Sn at incident energies of 50 and 120 MeV/nucleon, respectively. It is found that both the effective mass splitting and symmetry energy impact the kinetic energy spectra of the single ratios, in particular at the high energy tail(larger than 20 Me V). The isospin splitting of nucleon effective mass slightly impacts the double ratio spectra at the energy of 50 MeV/nucleon. A soft symmetry energy with stiffness coefficient of γ_s =0.5 is constrained from the experimental data with the Fermi-energy heavy-ion collisions. Within an isospin and momentum dependent transport model, the dynamics of isospin particles (nucleons and light clusters) in Fermi-energy heavy-ion collisions are investigated for constraining the isospin splitting of nucleon effective mass and the symmetry energy at subsaturation densities. The impacts of the isoscalar and isovector parts of the momentum dependent interaction on the emissions of isospin particles are explored, ie, the mass splittings of m_n ~ * = m_p ~ * and m_n ~ *> m_p ~ * (m_n ~ *