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Calculators

Additional payment

See how much you could save on your total bond costs by paying extra into your home loan.

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Current values
Projected values
Potential savings
Monthly instalment
R0
R0
R0
Remaining term (months)
0
0
0
Remaining loan balance
R0
R0
R0
Total interest
R0
R0
R0
Total cost of loan
R0
R0
R0

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.

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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
R0
Interest rate
0%
Additional lump sum payment
R0
Remaining term (months)
0
Additional monthly payment
R0
Current values
Projected values
Potential savings
Monthly Instalment
R0
R0
Remaining term (months)
0
0
0
Remaining loan balance
R0
R0
R0
Total interest
R0
R0
R0
Total cost of loan
R0
R0
R0
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