Extra Payments Calculator
Calculate your savings on your total home loan cost by paying a little extra into your bond.
Total loan amount
R 0Total monthly repayment amount
R 0Total loan term reduced to (years)
0Total loan amount reduced by
R 0
* Terms and conditions apply
Looking for another ooba calculator?
Please Note: The interest rate displayed here is the current, national, prime interest rate, as set by the South African Reserve Bank. The interest rate offered by your bank when applying for a loan may vary.
Extra Payment Calculator FAQs
-
Should I pay more into my bond?
Investing extra money into your bond means that you shorten your payment period and in so doing, save interest.
-
How quickly can I pay off my bond?
An extra R250 payment in your R1 000 000 bond every month will shorten your bond repayment period by 1.5 years (assuming a rate of 10%).
Why you should get pre-approved
ooba’s pre-approval allows you to check your credit score and assess how much you can afford.
Shop with confidence
Knowing your credit score allows you to address any issues before applying for a home loan.
Know how much you can afford
ooba considers your financial information in the same way a bank would, to give you an accurate assessment of what you can afford.
Get the competitive advantage
Sellers are more likely to accept an offer from someone who has proof that they can afford to buy.
Sign a sale agreement with peace of mind
Pre-approval protects you from putting in an offer on a property you can’t afford. Why risk disappointment?
Use our calculators
* Terms and conditions
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.