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South Africa · ZAR

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HomeCalc

Mortgage calculator for South Africa

See what you pay each month, and how the payment moves when the rate changes.

No local legal figures for South Africa

HomeCalc has no data on fees, taxes or lending limits in South Africa. The loan maths and ZAR formatting still work. Every fee starts at 0: enter your own, then check them with your lender or a local adviser.

Your loan

Example values: replace them with your own.

ZAR
ZAR
20% of the price · Loan ZAR 768,000.00
years
240 months
Interest rates
%
months
%
Base rate plus margin, as your bank quotes it
Repayment method

The same payment every month within each rate period

Prepayment
ZAR
%
Default in month 24: 0% of the amount prepaid. Change it to match your loan contract.
After prepaying

Results

Monthly payment

ZAR 7,927.21

South Africa · ZAR · Basic: fees entered by you

Highest payment
ZAR 7,927.21
Total interest
ZAR 1,134,528.00
Total paidPrincipal plus interest
ZAR 1,902,528.00

Note

HomeCalc works out the loan and adds up the fees you enter. It provides no legal figures for South Africa: no fees, taxes or lending limits. It is not financial, legal or tax advice. Before you decide, check every figure with your lender or a licensed adviser in South Africa. This site never stores the numbers you enter; they live only in the page address.

The monthly rate is the annual rate spread evenly over the months; amounts are rounded to the smallest unit of ZAR. Lenders in South Africa may work out interest differently.

The link carries only the numbers you entered. The site keeps no copy of them.

Next: home-buying costs

Interest and principal by year

  • Interest
  • Principal
  • Monthly payment
Interest and principal by yearStacked bars for 20 years showing interest and principal paid each year, with a line for the monthly payment, starting at ZAR 7,927.21. Exact figures are in the schedule table.Year 1: interest ZAR 83,926.48, principal ZAR 11,200.04Year 2: interest ZAR 82,630.44, principal ZAR 12,496.08Year 3: interest ZAR 81,184.42, principal ZAR 13,942.10Year 4: interest ZAR 79,571.06, principal ZAR 15,555.46Year 5: interest ZAR 77,770.98, principal ZAR 17,355.54Year 6: interest ZAR 75,762.63, principal ZAR 19,363.89Year 7: interest ZAR 73,521.88, principal ZAR 21,604.64Year 8: interest ZAR 71,021.79, principal ZAR 24,104.73Year 9: interest ZAR 68,232.42, principal ZAR 26,894.10Year 10: interest ZAR 65,120.28, principal ZAR 30,006.24Year 11: interest ZAR 61,647.98, principal ZAR 33,478.54Year 12: interest ZAR 57,773.90, principal ZAR 37,352.62Year 13: interest ZAR 53,451.47, principal ZAR 41,675.05Year 14: interest ZAR 48,628.89, principal ZAR 46,497.63Year 15: interest ZAR 43,248.22, principal ZAR 51,878.30Year 16: interest ZAR 37,244.94, principal ZAR 57,881.58Year 17: interest ZAR 30,546.96, principal ZAR 64,579.56Year 18: interest ZAR 23,073.88, principal ZAR 72,052.64Year 19: interest ZAR 14,736.04, principal ZAR 80,390.48Year 20: interest ZAR 5,433.34, principal ZAR 89,690.78per yearper month25,00050,00075,000100,0003,0006,0009,000Year 55Year 1010Year 1515Year 2020

Year

Show what happens if rates rise

If the floating rate rises

The promotional period stays the same; only the floating rate goes up.

Show yearly schedule

Yearly schedule

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