:: Mortage Calculator ::
  • 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) =