Extra Payment

Calculate what your savings will be if you make a fixed extra payment each month.

 
 
  Required Home Loan Amount:   R     DEFENITIONS
Loan Term
This is the number of years you would like to pay on your loan. Currently the banks offer only 20 or 30 year term.
Applicable Interest Rate
Please note that the current Prime interest rate is used by default. This is not always the actual rate granted by the bank.
Additional Monthly Amount
This is the additional amount you believe you can afford each month, over and above your required monthly instalment. It enables you to pay of your loan faster.

Disclaimer
While every effort has been made to ensure the accuracy of all calculators, no responsibility can be accepted for errors or omissions however caused. No responsibility for any loss occasioned to any person acting or refraining from action as result of material in this programme is accepted by Multinet Mortgages.
Loan Term: years
Applicable Interest Rate: %
Additional Monthly Amount: R