Posts Tagged ‘ mortgage term ’

Mortgage Payment

Apr 30th, 2009 | By Editor | Category: Uncategorized

Loan Amount (R)

Term (years)

Interest Rate (%)

Monthly Payments (R)

Notes on Using the Mortgage Payments Calculator

This calculator will calculate your monthly mortgage repayment over the mortgage term.
The loan amount is the amount that you intend borrowing from the bank , [...]



Extra Payments

Mar 19th, 2009 | By Editor | Category: Uncategorized

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

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.
The first step calculates the [...]