Know what your bond actually costs. Before you sign.
Punch in your numbers and see what the bank is actually charging you.
- Purchase Price
- R 2 000 000
- Deposit
- R 200 000
- Loan Amount
- R 1 800 000
- Interest Rate
- 11.25% per year
- Term
- 20 years
- Monthly Repayment
- R 18 887
- Total Repaid
- R 4 532 786
- Total Interest
- R 2 732 786
That's a lot of interest. The bank thanks you for your service.
Outstanding balance over time