Calculators

Regardless of your financial circumstances and the South African property market, you may wish to understand where your money is going and how it is being spent. Our amortization calculator will give you a picture of how much your loan reduces by every month, over the full period of the loan. You can determine how much of your installment goes towards interest and how much towards reducing the actual loan amount.

Enter the period of the loan in months (the maximum is 240 months). Then enter the interest rate and the bond amount and click 'produce schedule'.

Sometimes home owners decide to fix the interest rate on their home loan for an initial period of time. If this is the case for you, you can also include this in the calculation, as well as the base rate and term for the remainder of the home loan period. The calculator will give you a result based on this combination of factors.

You will know exactly how much you spend on your home loan every year, how much of that money will go towards interest and how much will be used to reduce capital debt.

Disclaimer

While every effort is made to ensure their accuracy, ooba cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by the calculator, and / or arising pursuant to your reliance on such information.  Under no circumstances, will ooba be liable for any consequential loss or damage whatsoever arising from the aforesaid.