Additional Payment Calculator

Calculate how much you can save, in terms of both time and money, by paying a little extra into your bond.

New monthly repayments

R 0.00
R 0.00

Total savings on interest

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R 0.00
R 0.00

New loan duration

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DISCLAIMER

This calculator provides estimates only. Please consult with financial professionals for accurate advice.

calculator definitions

Loan Amount: The sum you needed to borrow to finance the property purchase

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..

Additional Payment: The monthly amount you plan to add to your home loan repayments.

New Monthly Repayment: The revised monthly repayment when making regular additional payments towards your home loan.

Old Monthly Repayment: The amount you were paying monthly on your home loan before adding extra payments.

Total Savings On Interest: The amount of interest saved by making additional payments on your home loan.

Total Loan Amount: The overall sum to be repaid, encompassing both the capital and total interest.

Total Interest: The total interest payments over the life of your home loan.

New Loan Duration: The shortened term of your home loan resulting from the extra payments made.

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.

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