How do I use the ExecuBond home loan repayment calculator?

The home loan repayment calculator shows you an estimate of what your monthly bond repayment could be once your loan is approved. It helps you quickly check what you can afford, compare interest rates or loan terms, and work out how much deposit you may need.

Calculate and compare in four easy steps

1. 1.Enter the Purchase Price: the price of the property you want to buy (type the full amount, e.g. R1,000,000).
2. 2.Enter the Interest Rate (as a percent). For a rough check, use the bank’s advertised rate or the rate your bond originator quotes. We’ve pre-loaded the calculator with the current prime interest rate to help you with this step.
3. 3.Enter the Repayment Term (years): the calculator uses 20 years (240 months) as a common default but you can change it to see the impact on your monthly and total repayments.
4. 4.Enter Deposit amount. 

Pro tip: Try changing one thing at a time (interest rate, deposit or term) to see how your monthly repayment changes. This will help you compare scenarios quickly and easily.