Extra Payments

Loan Amount (R)
Original Term (years)
Percentage (%)
Monthly Repayments (R)
Monthly Extra Payments (R)
The Term reduces to (years)
and your interest savings is (R)

Notes on Using the Extra Payments Calculator

  1. This calculator may be used to to calculate the interest savings and reduction in the term of your mortgage by making an extra payment every month.
  2. The first step calculates the normal mortgage payable.
  3. Input the extra payment that you can afford to pay on your mortgage and hit the ‘Calculate New Term’ button to see what your interest saving and reduction in mortgage term will be.