Property
Home Loan / Bond Calculator
Understanding your bond repayment helps you plan your biggest financial commitment. Even small additional payments can save you hundreds of thousands in interest.
Bond details
Loan amount: R 1 350 000
Current SA prime rate is ~11.75%. Banks may offer prime minus a margin for good credit.
Extra payments reduce your loan term and total interest paid significantly.
Monthly bond repayment
R 14 630
on R 1 350 000 over 20 years at 11.75%
Total amount repaid
R 3 511 211
Total interest paid
R 2 161 211
Loan balance over time
First 5-year amortisation summary
| Year | Opening balance | Interest paid | Principal paid | Closing balance |
|---|---|---|---|---|
| Year 1 | R 1 350 000 | R 157 683 | R 17 878 | R 1 332 122 |
| Year 2 | R 1 332 122 | R 155 465 | R 20 096 | R 1 312 026 |
| Year 3 | R 1 312 026 | R 152 972 | R 22 588 | R 1 289 438 |
| Year 4 | R 1 289 438 | R 150 170 | R 25 390 | R 1 264 048 |
| Year 5 | R 1 264 048 | R 147 021 | R 28 539 | R 1 235 509 |
What can you afford to buy?
Use the Home Affordability Calculator to see your qualifying price range.
This calculator provides estimates based on standard amortisation. Actual bond terms, fees, and rates are determined by your bank and attorney. Transfer duty brackets are subject to change. Insure110 does not provide financial advice.
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