repayment calculator
Calculate what your total monthly repayment amount could be on your new home
Home Loan Repayment
Find out how much you can afford to spend on your new home, based on your income and expenses.
Total monthly repayment
See what your total monthly repayment amount would be on your new home
Disclaimer
This calculator provides an estimate only. Please consult with financial professionals for accurate advice.
calculator definitions
Purchase Price: The cost of the property you plan to buy, which will need to be repaid.
Bond/Loan Amount: The sum you need to borrow to finance the property purchase, which you’ll repay with interest.
Interest Rate: This calculator uses the current interest rate, though your actual rate will depend on factors such as your credit score and the size of your down payment, if applicable.
Repayment Term: The calculator is set to a 20-year loan term (240 months), which is the standard home loan duration. You can adjust the term to see how it affects the repayment results.
Total Monthly Repayment: The monthly amount you will repay for the loan you qualify for.
Total Amount Repayable: The full amount you will repay over the entire loan term.
FAQ’S
Will the cost of the house change my monthly repayment amount?
It stands to reason, the higher the purchase price of your dream property, the more you’ll have to pay towards your bond every month.
Can Ezi Homeloans get me the best interest rate?
By getting multiple banks to quote, including your own, we can negotiate the best deal on your behalf.
Do I need a deposit?
All the banks now offer 100% loans. This means that banks are now willing to approve the full value of a property without requiring a large deposit.
Does a 0,25% interest rate cut really make that much difference?
A rate cut of 0.25% on a R1 million home loan, can save you almost R40 000 over 20 years.
Disclaimer:
Please Note: The interest rate displayed here is the current, national, prime interest rate, as set by the South African Reserve Bank. The interest rate offered by your bank when applying for a loan may vary.
Although every effort has been made to ensure the accuracy of our calculators, Ezi Homeloans. and its subsidiaries accept no liability in respect of any errors contained herein. Under no circumstances will Ezi Homeloans and its subsidiaries be liable for any loss or damages whatsoever arising from the use of this calculator.