This calculator calculates mortgage payments based on principal, interest and term. Mortgages are compounded monthly.
The "Amortization" and "Term" figures should generally be the same to view repayments over the full term of the bond.
Ensure that you click on the "Calculate Payment" button each time you change any figures.
These figures are intended as a guideline only, and repayment figures should be confirmed with your financial institution.
Amortization(Years) =
Term (Years) =
Yearly Interest Rate (%) =
Principal Amount (R) =
Deposit (%) =
Down payment Required (R) =
Mortgage Principal (R) =
Monthly Payment (R) =
Still Owing at End of Term (R) =