Our amortisation  calculator shows you how much of your bond instalment goes towards interest and how much towards reducing the actual home loan amount.

What is the breakdown of monthly bond repayment?

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Although every effort has been made to ensure the accuracy of our calculators, ooba (Pty) Ltd. and its subsidiaries accept no liability in respect of any errors contained herein. Under no circumstances will ooba (Pty) Ltd and its subsidiaries be liable for any loss or damages whatsoever arising from the use of this calculator.

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 instalment goes towards interest and how much towards reducing the actual loan amount.

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.


Now that you know how much your monthly repayments should be in order to amortize your current home loan, you may want to use our additional payments calculator to calculate how you can pay off your home loan faster.

If you require any assistance with the above, feel free to contact our ooba experts and we will help you get your dream home in no time!


Hello ooba news

From independent advice to better interest rates (and better results), using a bond originator as your personal home-loan consultant comes with some major perks.

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If you’re in the property market, or just considering buying your first home, you should be thinking about these things in 2014 to save you money and to protect your investment. Make one of these resolutions now, and stick to it!


A prequalification certificate will take some of the uncertainty out of the house