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Home loan repayment
See what a bond of this size would cost each month, and what it would cost in total.
Your details
R
R
%
Annual, linked to prime.
yrs
Usually 20 years.
Estimate
Loan amountR 1 350 000
Total interestR 1 994 290
Total repaidR 3 344 290
Monthly instalmentR 13 935
Good to know
The instalment assumes a fixed rate for the full term. In practice a linked rate moves with prime.
Bank initiation and monthly administration fees are excluded.
Life and homeowner's cover are usually required in addition to the instalment.