Extra Payment Calculator for Home Loans
How is the additional home loan payment calculated?
Calculators
Additional payment
See how much you could save on your total bond costs by paying extra into your home loan.
How is the additional payment calculated?
Making additional payments on your home loan over and above the monthly compulsory minimum instalments (which comprise of both interest and capital repayments) goes straight towards reducing your capital. This has the effect of reducing your loan term, thus saving you interest, if you continue to meet your monthly minimum home loan instalments.
Your additional payment calculation results
Thank you for using our additional payment calculator on our website. Here is how much you could save on your total bond costs by paying extra into your home loan.
Current loan balance
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Interest rate
0%
Additional lump sum payment
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Remaining term (months)
0
Additional monthly payment
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Current values
Projected values
Potential savings
Monthly Instalment
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R0
Remaining term (months)
0
0
0
Remaining loan balance
R0
R0
R0
Total interest
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R0
R0
Total cost of loan
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R0
R0