How does the Home Loan calculator work?

[Boitumelo]

Hello @Shelly

To calculate the monthly repayments on your prospective property, simply enter the total value of the bond you will need, and indicate the term of the bond. You can also adjust the interest rate, which will be defaulted to the current prime rate.

Please use the provided calculator to calculate the different in amount to be added: http://www.standardbank.co.za/standardbank/Personal/Borrowing/Home-Loans/Calculators

Let me know if you will need me to intervene.

Regards,

Boitumelo

[Shelly]

I would like to pay an extra R1000 a month into my bond by how many years will this reduce it