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📍 South Africa · Housing & Loans Updated 2025/2026 Rules

South Africa Mortgage Calculator

Estimate your South Africa monthly mortgage payment and compare the effect of changing your down payment, rate, term and other costs. Confirm current terms with a lender.

South Africa · ZAR

Modeled for South Africa: Prime-linked variable rate home loan. National Credit Act: strict affordability assessment and disposable income test

Rule version: source-linked-2026 · Last reviewed: 2026-09-06 (Verified statutory framework) · Official reference

⚙️ Inputs 📊 Breakdown 📅 Amortization 📖 Guide

Loan Details ?

Home price ? ZAR 450 000,00

$50,000 $2,000,000+

Down payment ? ZAR 45 000,00

Loan Terms

Interest rate (Annual %) ? 11.25%

1.0% 15.0%

Loan term

Monthly Costs & Escrow

Property Tax (% / year)

Home insurance ($ / yr)

HOA / Fees ($ / mo)

Fees and Advanced Options ▼

Origination fees ($)

Points (%)

Reset

Monthly Payment ✓

ZAR 4 249,49

Principal, Interest, Tax & Ins. PITI

Total Payments 🗓️

ZAR 1 019 874,47

Over full loan term

Total Interest 💲

ZAR 614 874,47

Cost of borrowing

Loan & APR ZA

ZAR 405 000,00

APR 11,25% · LTV 90,00%

Monthly Payment Breakdown

Where each monthly dollar goes

ZAR 4 249,49 / mo

100.0% P&I

P&I 100.0%

ZAR 4 249,49

Composite

🛡️ Every on-time payment reduces your principal balance and builds lasting equity.

Tax + Insurance + HOA Total: ZAR 0,00 / mo

⚠

Rate Context excellent

Below the 25th percentile of published rates — a strong offer.

Market average 11,25% · 25th 11,25% · 75th 11,25% · your rate is 0 bp vs average (sample of 1 loans).

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Calculation is instantly saved in this shareable URL.

Principal vs. Interest Cumulative Principal Interest

Outstanding Loan Balance Over Time

Amortization Schedule

Track how your balance decreases month by month or year by year

Year	Annual Payment	Principal Paid	Interest Paid	Ending Balance
Year 1	ZAR 50 993,88	ZAR 5 720,37	ZAR 45 273,51	ZAR 399 279,63
Year 2	ZAR 50 993,88	ZAR 6 398,17	ZAR 44 595,71	ZAR 392 881,46
Year 3	ZAR 50 993,88	ZAR 7 156,24	ZAR 43 837,64	ZAR 385 725,22
Year 4	ZAR 50 993,88	ZAR 8 004,17	ZAR 42 989,71	ZAR 377 721,05
Year 5	ZAR 50 993,88	ZAR 8 952,57	ZAR 42 041,31	ZAR 368 768,48
Year 6	ZAR 50 993,88	ZAR 10 013,31	ZAR 40 980,57	ZAR 358 755,17
Year 7	ZAR 50 993,88	ZAR 11 199,74	ZAR 39 794,14	ZAR 347 555,43
Year 8	ZAR 50 993,88	ZAR 12 526,75	ZAR 38 467,13	ZAR 335 028,68
Year 9	ZAR 50 993,88	ZAR 14 011,00	ZAR 36 982,88	ZAR 321 017,68
Year 10	ZAR 50 993,88	ZAR 15 671,09	ZAR 35 322,79	ZAR 305 346,59
Year 11	ZAR 50 993,88	ZAR 17 527,92	ZAR 33 465,96	ZAR 287 818,67
Year 12	ZAR 50 993,88	ZAR 19 604,73	ZAR 31 389,15	ZAR 268 213,94
Year 13	ZAR 50 993,88	ZAR 21 927,61	ZAR 29 066,27	ZAR 246 286,33
Year 14	ZAR 50 993,88	ZAR 24 525,71	ZAR 26 468,17	ZAR 221 760,62
Year 15	ZAR 50 993,88	ZAR 27 431,65	ZAR 23 562,23	ZAR 194 328,97
Year 16	ZAR 50 993,88	ZAR 30 681,94	ZAR 20 311,94	ZAR 163 647,03
Year 17	ZAR 50 993,88	ZAR 34 317,32	ZAR 16 676,56	ZAR 129 329,71
Year 18	ZAR 50 993,88	ZAR 38 383,43	ZAR 12 610,45	ZAR 90 946,28
Year 19	ZAR 50 993,88	ZAR 42 931,32	ZAR 8 062,56	ZAR 48 014,96
Year 20	ZAR 50 990,75	ZAR 48 014,96	ZAR 2 975,79	ZAR 0,00

Month	Payment	Principal	Interest	Remaining Balance
Month 1	ZAR 4 249,49	ZAR 452,61	ZAR 3 796,88	ZAR 404 547,39
Month 2	ZAR 4 249,49	ZAR 456,86	ZAR 3 792,63	ZAR 404 090,53
Month 3	ZAR 4 249,49	ZAR 461,14	ZAR 3 788,35	ZAR 403 629,39
Month 4	ZAR 4 249,49	ZAR 465,46	ZAR 3 784,03	ZAR 403 163,93
Month 5	ZAR 4 249,49	ZAR 469,83	ZAR 3 779,66	ZAR 402 694,10
Month 6	ZAR 4 249,49	ZAR 474,23	ZAR 3 775,26	ZAR 402 219,87
Month 7	ZAR 4 249,49	ZAR 478,68	ZAR 3 770,81	ZAR 401 741,19
Month 8	ZAR 4 249,49	ZAR 483,17	ZAR 3 766,32	ZAR 401 258,02
Month 9	ZAR 4 249,49	ZAR 487,70	ZAR 3 761,79	ZAR 400 770,32
Month 10	ZAR 4 249,49	ZAR 492,27	ZAR 3 757,22	ZAR 400 278,05
Month 11	ZAR 4 249,49	ZAR 496,88	ZAR 3 752,61	ZAR 399 781,17
Month 12	ZAR 4 249,49	ZAR 501,54	ZAR 3 747,95	ZAR 399 279,63
Month 13	ZAR 4 249,49	ZAR 506,24	ZAR 3 743,25	ZAR 398 773,39
Month 14	ZAR 4 249,49	ZAR 510,99	ZAR 3 738,50	ZAR 398 262,40
Month 15	ZAR 4 249,49	ZAR 515,78	ZAR 3 733,71	ZAR 397 746,62
Month 16	ZAR 4 249,49	ZAR 520,62	ZAR 3 728,87	ZAR 397 226,00
Month 17	ZAR 4 249,49	ZAR 525,50	ZAR 3 723,99	ZAR 396 700,50
Month 18	ZAR 4 249,49	ZAR 530,42	ZAR 3 719,07	ZAR 396 170,08
Month 19	ZAR 4 249,49	ZAR 535,40	ZAR 3 714,09	ZAR 395 634,68
Month 20	ZAR 4 249,49	ZAR 540,41	ZAR 3 709,08	ZAR 395 094,27
Month 21	ZAR 4 249,49	ZAR 545,48	ZAR 3 704,01	ZAR 394 548,79
Month 22	ZAR 4 249,49	ZAR 550,60	ZAR 3 698,89	ZAR 393 998,19
Month 23	ZAR 4 249,49	ZAR 555,76	ZAR 3 693,73	ZAR 393 442,43
Month 24	ZAR 4 249,49	ZAR 560,97	ZAR 3 688,52	ZAR 392 881,46
Month 25	ZAR 4 249,49	ZAR 566,23	ZAR 3 683,26	ZAR 392 315,23
Month 26	ZAR 4 249,49	ZAR 571,53	ZAR 3 677,96	ZAR 391 743,70
Month 27	ZAR 4 249,49	ZAR 576,89	ZAR 3 672,60	ZAR 391 166,81
Month 28	ZAR 4 249,49	ZAR 582,30	ZAR 3 667,19	ZAR 390 584,51
Month 29	ZAR 4 249,49	ZAR 587,76	ZAR 3 661,73	ZAR 389 996,75
Month 30	ZAR 4 249,49	ZAR 593,27	ZAR 3 656,22	ZAR 389 403,48
Month 31	ZAR 4 249,49	ZAR 598,83	ZAR 3 650,66	ZAR 388 804,65
Month 32	ZAR 4 249,49	ZAR 604,45	ZAR 3 645,04	ZAR 388 200,20
Month 33	ZAR 4 249,49	ZAR 610,11	ZAR 3 639,38	ZAR 387 590,09
Month 34	ZAR 4 249,49	ZAR 615,83	ZAR 3 633,66	ZAR 386 974,26
Month 35	ZAR 4 249,49	ZAR 621,61	ZAR 3 627,88	ZAR 386 352,65
Month 36	ZAR 4 249,49	ZAR 627,43	ZAR 3 622,06	ZAR 385 725,22
Month 37	ZAR 4 249,49	ZAR 633,32	ZAR 3 616,17	ZAR 385 091,90
Month 38	ZAR 4 249,49	ZAR 639,25	ZAR 3 610,24	ZAR 384 452,65
Month 39	ZAR 4 249,49	ZAR 645,25	ZAR 3 604,24	ZAR 383 807,40
Month 40	ZAR 4 249,49	ZAR 651,30	ZAR 3 598,19	ZAR 383 156,10
Month 41	ZAR 4 249,49	ZAR 657,40	ZAR 3 592,09	ZAR 382 498,70
Month 42	ZAR 4 249,49	ZAR 663,56	ZAR 3 585,93	ZAR 381 835,14
Month 43	ZAR 4 249,49	ZAR 669,79	ZAR 3 579,70	ZAR 381 165,35
Month 44	ZAR 4 249,49	ZAR 676,06	ZAR 3 573,43	ZAR 380 489,29
Month 45	ZAR 4 249,49	ZAR 682,40	ZAR 3 567,09	ZAR 379 806,89
Month 46	ZAR 4 249,49	ZAR 688,80	ZAR 3 560,69	ZAR 379 118,09
Month 47	ZAR 4 249,49	ZAR 695,26	ZAR 3 554,23	ZAR 378 422,83
Month 48	ZAR 4 249,49	ZAR 701,78	ZAR 3 547,71	ZAR 377 721,05
Month 49	ZAR 4 249,49	ZAR 708,36	ZAR 3 541,13	ZAR 377 012,69
Month 50	ZAR 4 249,49	ZAR 715,00	ZAR 3 534,49	ZAR 376 297,69
Month 51	ZAR 4 249,49	ZAR 721,70	ZAR 3 527,79	ZAR 375 575,99
Month 52	ZAR 4 249,49	ZAR 728,47	ZAR 3 521,02	ZAR 374 847,52
Month 53	ZAR 4 249,49	ZAR 735,29	ZAR 3 514,20	ZAR 374 112,23
Month 54	ZAR 4 249,49	ZAR 742,19	ZAR 3 507,30	ZAR 373 370,04
Month 55	ZAR 4 249,49	ZAR 749,15	ZAR 3 500,34	ZAR 372 620,89
Month 56	ZAR 4 249,49	ZAR 756,17	ZAR 3 493,32	ZAR 371 864,72
Month 57	ZAR 4 249,49	ZAR 763,26	ZAR 3 486,23	ZAR 371 101,46
Month 58	ZAR 4 249,49	ZAR 770,41	ZAR 3 479,08	ZAR 370 331,05
Month 59	ZAR 4 249,49	ZAR 777,64	ZAR 3 471,85	ZAR 369 553,41
Month 60	ZAR 4 249,49	ZAR 784,93	ZAR 3 464,56	ZAR 368 768,48
Month 61	ZAR 4 249,49	ZAR 792,29	ZAR 3 457,20	ZAR 367 976,19
Month 62	ZAR 4 249,49	ZAR 799,71	ZAR 3 449,78	ZAR 367 176,48
Month 63	ZAR 4 249,49	ZAR 807,21	ZAR 3 442,28	ZAR 366 369,27
Month 64	ZAR 4 249,49	ZAR 814,78	ZAR 3 434,71	ZAR 365 554,49
Month 65	ZAR 4 249,49	ZAR 822,42	ZAR 3 427,07	ZAR 364 732,07
Month 66	ZAR 4 249,49	ZAR 830,13	ZAR 3 419,36	ZAR 363 901,94
Month 67	ZAR 4 249,49	ZAR 837,91	ZAR 3 411,58	ZAR 363 064,03
Month 68	ZAR 4 249,49	ZAR 845,76	ZAR 3 403,73	ZAR 362 218,27
Month 69	ZAR 4 249,49	ZAR 853,69	ZAR 3 395,80	ZAR 361 364,58
Month 70	ZAR 4 249,49	ZAR 861,70	ZAR 3 387,79	ZAR 360 502,88
Month 71	ZAR 4 249,49	ZAR 869,78	ZAR 3 379,71	ZAR 359 633,10
Month 72	ZAR 4 249,49	ZAR 877,93	ZAR 3 371,56	ZAR 358 755,17
Month 73	ZAR 4 249,49	ZAR 886,16	ZAR 3 363,33	ZAR 357 869,01
Month 74	ZAR 4 249,49	ZAR 894,47	ZAR 3 355,02	ZAR 356 974,54
Month 75	ZAR 4 249,49	ZAR 902,85	ZAR 3 346,64	ZAR 356 071,69
Month 76	ZAR 4 249,49	ZAR 911,32	ZAR 3 338,17	ZAR 355 160,37
Month 77	ZAR 4 249,49	ZAR 919,86	ZAR 3 329,63	ZAR 354 240,51
Month 78	ZAR 4 249,49	ZAR 928,49	ZAR 3 321,00	ZAR 353 312,02
Month 79	ZAR 4 249,49	ZAR 937,19	ZAR 3 312,30	ZAR 352 374,83
Month 80	ZAR 4 249,49	ZAR 945,98	ZAR 3 303,51	ZAR 351 428,85
Month 81	ZAR 4 249,49	ZAR 954,84	ZAR 3 294,65	ZAR 350 474,01
Month 82	ZAR 4 249,49	ZAR 963,80	ZAR 3 285,69	ZAR 349 510,21
Month 83	ZAR 4 249,49	ZAR 972,83	ZAR 3 276,66	ZAR 348 537,38
Month 84	ZAR 4 249,49	ZAR 981,95	ZAR 3 267,54	ZAR 347 555,43
Month 85	ZAR 4 249,49	ZAR 991,16	ZAR 3 258,33	ZAR 346 564,27
Month 86	ZAR 4 249,49	ZAR 1 000,45	ZAR 3 249,04	ZAR 345 563,82
Month 87	ZAR 4 249,49	ZAR 1 009,83	ZAR 3 239,66	ZAR 344 553,99
Month 88	ZAR 4 249,49	ZAR 1 019,30	ZAR 3 230,19	ZAR 343 534,69
Month 89	ZAR 4 249,49	ZAR 1 028,85	ZAR 3 220,64	ZAR 342 505,84
Month 90	ZAR 4 249,49	ZAR 1 038,50	ZAR 3 210,99	ZAR 341 467,34
Month 91	ZAR 4 249,49	ZAR 1 048,23	ZAR 3 201,26	ZAR 340 419,11
Month 92	ZAR 4 249,49	ZAR 1 058,06	ZAR 3 191,43	ZAR 339 361,05
Month 93	ZAR 4 249,49	ZAR 1 067,98	ZAR 3 181,51	ZAR 338 293,07
Month 94	ZAR 4 249,49	ZAR 1 077,99	ZAR 3 171,50	ZAR 337 215,08
Month 95	ZAR 4 249,49	ZAR 1 088,10	ZAR 3 161,39	ZAR 336 126,98
Month 96	ZAR 4 249,49	ZAR 1 098,30	ZAR 3 151,19	ZAR 335 028,68
Month 97	ZAR 4 249,49	ZAR 1 108,60	ZAR 3 140,89	ZAR 333 920,08
Month 98	ZAR 4 249,49	ZAR 1 118,99	ZAR 3 130,50	ZAR 332 801,09
Month 99	ZAR 4 249,49	ZAR 1 129,48	ZAR 3 120,01	ZAR 331 671,61
Month 100	ZAR 4 249,49	ZAR 1 140,07	ZAR 3 109,42	ZAR 330 531,54
Month 101	ZAR 4 249,49	ZAR 1 150,76	ZAR 3 098,73	ZAR 329 380,78
Month 102	ZAR 4 249,49	ZAR 1 161,55	ZAR 3 087,94	ZAR 328 219,23
Month 103	ZAR 4 249,49	ZAR 1 172,43	ZAR 3 077,06	ZAR 327 046,80
Month 104	ZAR 4 249,49	ZAR 1 183,43	ZAR 3 066,06	ZAR 325 863,37
Month 105	ZAR 4 249,49	ZAR 1 194,52	ZAR 3 054,97	ZAR 324 668,85
Month 106	ZAR 4 249,49	ZAR 1 205,72	ZAR 3 043,77	ZAR 323 463,13
Month 107	ZAR 4 249,49	ZAR 1 217,02	ZAR 3 032,47	ZAR 322 246,11
Month 108	ZAR 4 249,49	ZAR 1 228,43	ZAR 3 021,06	ZAR 321 017,68
Month 109	ZAR 4 249,49	ZAR 1 239,95	ZAR 3 009,54	ZAR 319 777,73
Month 110	ZAR 4 249,49	ZAR 1 251,57	ZAR 2 997,92	ZAR 318 526,16
Month 111	ZAR 4 249,49	ZAR 1 263,31	ZAR 2 986,18	ZAR 317 262,85
Month 112	ZAR 4 249,49	ZAR 1 275,15	ZAR 2 974,34	ZAR 315 987,70
Month 113	ZAR 4 249,49	ZAR 1 287,11	ZAR 2 962,38	ZAR 314 700,59
Month 114	ZAR 4 249,49	ZAR 1 299,17	ZAR 2 950,32	ZAR 313 401,42
Month 115	ZAR 4 249,49	ZAR 1 311,35	ZAR 2 938,14	ZAR 312 090,07
Month 116	ZAR 4 249,49	ZAR 1 323,65	ZAR 2 925,84	ZAR 310 766,42
Month 117	ZAR 4 249,49	ZAR 1 336,05	ZAR 2 913,44	ZAR 309 430,37
Month 118	ZAR 4 249,49	ZAR 1 348,58	ZAR 2 900,91	ZAR 308 081,79
Month 119	ZAR 4 249,49	ZAR 1 361,22	ZAR 2 888,27	ZAR 306 720,57
Month 120	ZAR 4 249,49	ZAR 1 373,98	ZAR 2 875,51	ZAR 305 346,59
Month 121	ZAR 4 249,49	ZAR 1 386,87	ZAR 2 862,62	ZAR 303 959,72
Month 122	ZAR 4 249,49	ZAR 1 399,87	ZAR 2 849,62	ZAR 302 559,85
Month 123	ZAR 4 249,49	ZAR 1 412,99	ZAR 2 836,50	ZAR 301 146,86
Month 124	ZAR 4 249,49	ZAR 1 426,24	ZAR 2 823,25	ZAR 299 720,62
Month 125	ZAR 4 249,49	ZAR 1 439,61	ZAR 2 809,88	ZAR 298 281,01
Month 126	ZAR 4 249,49	ZAR 1 453,11	ZAR 2 796,38	ZAR 296 827,90
Month 127	ZAR 4 249,49	ZAR 1 466,73	ZAR 2 782,76	ZAR 295 361,17
Month 128	ZAR 4 249,49	ZAR 1 480,48	ZAR 2 769,01	ZAR 293 880,69
Month 129	ZAR 4 249,49	ZAR 1 494,36	ZAR 2 755,13	ZAR 292 386,33
Month 130	ZAR 4 249,49	ZAR 1 508,37	ZAR 2 741,12	ZAR 290 877,96
Month 131	ZAR 4 249,49	ZAR 1 522,51	ZAR 2 726,98	ZAR 289 355,45
Month 132	ZAR 4 249,49	ZAR 1 536,78	ZAR 2 712,71	ZAR 287 818,67
Month 133	ZAR 4 249,49	ZAR 1 551,19	ZAR 2 698,30	ZAR 286 267,48
Month 134	ZAR 4 249,49	ZAR 1 565,73	ZAR 2 683,76	ZAR 284 701,75
Month 135	ZAR 4 249,49	ZAR 1 580,41	ZAR 2 669,08	ZAR 283 121,34
Month 136	ZAR 4 249,49	ZAR 1 595,23	ZAR 2 654,26	ZAR 281 526,11
Month 137	ZAR 4 249,49	ZAR 1 610,18	ZAR 2 639,31	ZAR 279 915,93
Month 138	ZAR 4 249,49	ZAR 1 625,28	ZAR 2 624,21	ZAR 278 290,65
Month 139	ZAR 4 249,49	ZAR 1 640,52	ZAR 2 608,97	ZAR 276 650,13
Month 140	ZAR 4 249,49	ZAR 1 655,90	ZAR 2 593,59	ZAR 274 994,23
Month 141	ZAR 4 249,49	ZAR 1 671,42	ZAR 2 578,07	ZAR 273 322,81
Month 142	ZAR 4 249,49	ZAR 1 687,09	ZAR 2 562,40	ZAR 271 635,72
Month 143	ZAR 4 249,49	ZAR 1 702,91	ZAR 2 546,58	ZAR 269 932,81
Month 144	ZAR 4 249,49	ZAR 1 718,87	ZAR 2 530,62	ZAR 268 213,94
Month 145	ZAR 4 249,49	ZAR 1 734,98	ZAR 2 514,51	ZAR 266 478,96
Month 146	ZAR 4 249,49	ZAR 1 751,25	ZAR 2 498,24	ZAR 264 727,71
Month 147	ZAR 4 249,49	ZAR 1 767,67	ZAR 2 481,82	ZAR 262 960,04
Month 148	ZAR 4 249,49	ZAR 1 784,24	ZAR 2 465,25	ZAR 261 175,80
Month 149	ZAR 4 249,49	ZAR 1 800,97	ZAR 2 448,52	ZAR 259 374,83
Month 150	ZAR 4 249,49	ZAR 1 817,85	ZAR 2 431,64	ZAR 257 556,98
Month 151	ZAR 4 249,49	ZAR 1 834,89	ZAR 2 414,60	ZAR 255 722,09
Month 152	ZAR 4 249,49	ZAR 1 852,10	ZAR 2 397,39	ZAR 253 869,99
Month 153	ZAR 4 249,49	ZAR 1 869,46	ZAR 2 380,03	ZAR 252 000,53
Month 154	ZAR 4 249,49	ZAR 1 886,99	ZAR 2 362,50	ZAR 250 113,54
Month 155	ZAR 4 249,49	ZAR 1 904,68	ZAR 2 344,81	ZAR 248 208,86
Month 156	ZAR 4 249,49	ZAR 1 922,53	ZAR 2 326,96	ZAR 246 286,33
Month 157	ZAR 4 249,49	ZAR 1 940,56	ZAR 2 308,93	ZAR 244 345,77
Month 158	ZAR 4 249,49	ZAR 1 958,75	ZAR 2 290,74	ZAR 242 387,02
Month 159	ZAR 4 249,49	ZAR 1 977,11	ZAR 2 272,38	ZAR 240 409,91
Month 160	ZAR 4 249,49	ZAR 1 995,65	ZAR 2 253,84	ZAR 238 414,26
Month 161	ZAR 4 249,49	ZAR 2 014,36	ZAR 2 235,13	ZAR 236 399,90
Month 162	ZAR 4 249,49	ZAR 2 033,24	ZAR 2 216,25	ZAR 234 366,66
Month 163	ZAR 4 249,49	ZAR 2 052,30	ZAR 2 197,19	ZAR 232 314,36
Month 164	ZAR 4 249,49	ZAR 2 071,54	ZAR 2 177,95	ZAR 230 242,82
Month 165	ZAR 4 249,49	ZAR 2 090,96	ZAR 2 158,53	ZAR 228 151,86
Month 166	ZAR 4 249,49	ZAR 2 110,57	ZAR 2 138,92	ZAR 226 041,29
Month 167	ZAR 4 249,49	ZAR 2 130,35	ZAR 2 119,14	ZAR 223 910,94
Month 168	ZAR 4 249,49	ZAR 2 150,32	ZAR 2 099,17	ZAR 221 760,62
Month 169	ZAR 4 249,49	ZAR 2 170,48	ZAR 2 079,01	ZAR 219 590,14
Month 170	ZAR 4 249,49	ZAR 2 190,83	ZAR 2 058,66	ZAR 217 399,31
Month 171	ZAR 4 249,49	ZAR 2 211,37	ZAR 2 038,12	ZAR 215 187,94
Month 172	ZAR 4 249,49	ZAR 2 232,10	ZAR 2 017,39	ZAR 212 955,84
Month 173	ZAR 4 249,49	ZAR 2 253,03	ZAR 1 996,46	ZAR 210 702,81
Month 174	ZAR 4 249,49	ZAR 2 274,15	ZAR 1 975,34	ZAR 208 428,66
Month 175	ZAR 4 249,49	ZAR 2 295,47	ZAR 1 954,02	ZAR 206 133,19
Month 176	ZAR 4 249,49	ZAR 2 316,99	ZAR 1 932,50	ZAR 203 816,20
Month 177	ZAR 4 249,49	ZAR 2 338,71	ZAR 1 910,78	ZAR 201 477,49
Month 178	ZAR 4 249,49	ZAR 2 360,64	ZAR 1 888,85	ZAR 199 116,85
Month 179	ZAR 4 249,49	ZAR 2 382,77	ZAR 1 866,72	ZAR 196 734,08
Month 180	ZAR 4 249,49	ZAR 2 405,11	ZAR 1 844,38	ZAR 194 328,97
Month 181	ZAR 4 249,49	ZAR 2 427,66	ZAR 1 821,83	ZAR 191 901,31
Month 182	ZAR 4 249,49	ZAR 2 450,42	ZAR 1 799,07	ZAR 189 450,89
Month 183	ZAR 4 249,49	ZAR 2 473,39	ZAR 1 776,10	ZAR 186 977,50
Month 184	ZAR 4 249,49	ZAR 2 496,58	ZAR 1 752,91	ZAR 184 480,92
Month 185	ZAR 4 249,49	ZAR 2 519,98	ZAR 1 729,51	ZAR 181 960,94
Month 186	ZAR 4 249,49	ZAR 2 543,61	ZAR 1 705,88	ZAR 179 417,33
Month 187	ZAR 4 249,49	ZAR 2 567,45	ZAR 1 682,04	ZAR 176 849,88
Month 188	ZAR 4 249,49	ZAR 2 591,52	ZAR 1 657,97	ZAR 174 258,36
Month 189	ZAR 4 249,49	ZAR 2 615,82	ZAR 1 633,67	ZAR 171 642,54
Month 190	ZAR 4 249,49	ZAR 2 640,34	ZAR 1 609,15	ZAR 169 002,20
Month 191	ZAR 4 249,49	ZAR 2 665,09	ZAR 1 584,40	ZAR 166 337,11
Month 192	ZAR 4 249,49	ZAR 2 690,08	ZAR 1 559,41	ZAR 163 647,03
Month 193	ZAR 4 249,49	ZAR 2 715,30	ZAR 1 534,19	ZAR 160 931,73
Month 194	ZAR 4 249,49	ZAR 2 740,76	ZAR 1 508,73	ZAR 158 190,97
Month 195	ZAR 4 249,49	ZAR 2 766,45	ZAR 1 483,04	ZAR 155 424,52
Month 196	ZAR 4 249,49	ZAR 2 792,39	ZAR 1 457,10	ZAR 152 632,13
Month 197	ZAR 4 249,49	ZAR 2 818,56	ZAR 1 430,93	ZAR 149 813,57
Month 198	ZAR 4 249,49	ZAR 2 844,99	ZAR 1 404,50	ZAR 146 968,58
Month 199	ZAR 4 249,49	ZAR 2 871,66	ZAR 1 377,83	ZAR 144 096,92
Month 200	ZAR 4 249,49	ZAR 2 898,58	ZAR 1 350,91	ZAR 141 198,34
Month 201	ZAR 4 249,49	ZAR 2 925,76	ZAR 1 323,73	ZAR 138 272,58
Month 202	ZAR 4 249,49	ZAR 2 953,18	ZAR 1 296,31	ZAR 135 319,40
Month 203	ZAR 4 249,49	ZAR 2 980,87	ZAR 1 268,62	ZAR 132 338,53
Month 204	ZAR 4 249,49	ZAR 3 008,82	ZAR 1 240,67	ZAR 129 329,71
Month 205	ZAR 4 249,49	ZAR 3 037,02	ZAR 1 212,47	ZAR 126 292,69
Month 206	ZAR 4 249,49	ZAR 3 065,50	ZAR 1 183,99	ZAR 123 227,19
Month 207	ZAR 4 249,49	ZAR 3 094,24	ZAR 1 155,25	ZAR 120 132,95
Month 208	ZAR 4 249,49	ZAR 3 123,24	ZAR 1 126,25	ZAR 117 009,71
Month 209	ZAR 4 249,49	ZAR 3 152,52	ZAR 1 096,97	ZAR 113 857,19
Month 210	ZAR 4 249,49	ZAR 3 182,08	ZAR 1 067,41	ZAR 110 675,11
Month 211	ZAR 4 249,49	ZAR 3 211,91	ZAR 1 037,58	ZAR 107 463,20
Month 212	ZAR 4 249,49	ZAR 3 242,02	ZAR 1 007,47	ZAR 104 221,18
Month 213	ZAR 4 249,49	ZAR 3 272,42	ZAR 977,07	ZAR 100 948,76
Month 214	ZAR 4 249,49	ZAR 3 303,10	ZAR 946,39	ZAR 97 645,66
Month 215	ZAR 4 249,49	ZAR 3 334,06	ZAR 915,43	ZAR 94 311,60
Month 216	ZAR 4 249,49	ZAR 3 365,32	ZAR 884,17	ZAR 90 946,28
Month 217	ZAR 4 249,49	ZAR 3 396,87	ZAR 852,62	ZAR 87 549,41
Month 218	ZAR 4 249,49	ZAR 3 428,71	ZAR 820,78	ZAR 84 120,70
Month 219	ZAR 4 249,49	ZAR 3 460,86	ZAR 788,63	ZAR 80 659,84
Month 220	ZAR 4 249,49	ZAR 3 493,30	ZAR 756,19	ZAR 77 166,54
Month 221	ZAR 4 249,49	ZAR 3 526,05	ZAR 723,44	ZAR 73 640,49
Month 222	ZAR 4 249,49	ZAR 3 559,11	ZAR 690,38	ZAR 70 081,38
Month 223	ZAR 4 249,49	ZAR 3 592,48	ZAR 657,01	ZAR 66 488,90
Month 224	ZAR 4 249,49	ZAR 3 626,16	ZAR 623,33	ZAR 62 862,74
Month 225	ZAR 4 249,49	ZAR 3 660,15	ZAR 589,34	ZAR 59 202,59
Month 226	ZAR 4 249,49	ZAR 3 694,47	ZAR 555,02	ZAR 55 508,12
Month 227	ZAR 4 249,49	ZAR 3 729,10	ZAR 520,39	ZAR 51 779,02
Month 228	ZAR 4 249,49	ZAR 3 764,06	ZAR 485,43	ZAR 48 014,96
Month 229	ZAR 4 249,49	ZAR 3 799,35	ZAR 450,14	ZAR 44 215,61
Month 230	ZAR 4 249,49	ZAR 3 834,97	ZAR 414,52	ZAR 40 380,64
Month 231	ZAR 4 249,49	ZAR 3 870,92	ZAR 378,57	ZAR 36 509,72
Month 232	ZAR 4 249,49	ZAR 3 907,21	ZAR 342,28	ZAR 32 602,51
Month 233	ZAR 4 249,49	ZAR 3 943,84	ZAR 305,65	ZAR 28 658,67
Month 234	ZAR 4 249,49	ZAR 3 980,81	ZAR 268,68	ZAR 24 677,86
Month 235	ZAR 4 249,49	ZAR 4 018,14	ZAR 231,35	ZAR 20 659,72
Month 236	ZAR 4 249,49	ZAR 4 055,81	ZAR 193,68	ZAR 16 603,91
Month 237	ZAR 4 249,49	ZAR 4 093,83	ZAR 155,66	ZAR 12 510,08
Month 238	ZAR 4 249,49	ZAR 4 132,21	ZAR 117,28	ZAR 8 377,87
Month 239	ZAR 4 249,49	ZAR 4 170,95	ZAR 78,54	ZAR 4 206,92
Month 240	ZAR 4 246,36	ZAR 4 206,92	ZAR 39,44	ZAR 0,00

15-Year vs. 30-Year Loan Comparison

Principal and interest comparison showing long-term interest savings

Loan Term	Monthly P&I	Total Interest Paid	Total Interest Saved
180 Months (15 Years)	ZAR 4 667,00	ZAR 435 057,95	Save ZAR 576 037,24
360 Months (30 Years)	ZAR 3 933,61	ZAR 1 011 095,19	Baseline

Mortgage estimate

A mortgage payment depends on the loan amount, interest rate and term. Depending on the property and location, taxes, insurance, mortgage insurance, association charges and fees may also affect the overall cost. Add the costs that apply to your situation to compare scenarios.

This calculator provides an estimate from the values entered and the selected country assumptions. It does not assess a complete mortgage application or replace a lender's offer. Inputs are sent over HTTPS for calculation and are not saved to an account or calculation database.

Who Benefits Most

First-time homebuyers benefit from seeing their true total monthly housing commitment—encompassing principal, interest, tax escrows, hazard insurance, and private mortgage insurance—before making an offer on a home. Existing homeowners evaluating a refinance can accurately test whether monthly interest savings offset appraisal, origination, and title fees to establish their true breakeven date. International expatriates, cross-border professionals, and relocating families can contrast borrowing limits, mandatory deposit thresholds, and repayment mechanics across different legal jurisdictions without switching software or deciphering unfamiliar terminology.

Country-specific details

The calculators cover country-specific details such as US PMI rules, Australian Lenders Mortgage Insurance (LMI), Canadian mortgage default insurance, and German annuity structures (Annuitätendarlehen with Tilgung and Zinsbindung). Inputs are sent to our application over HTTPS to calculate results, but are not saved to an account or calculation database. Shareable links may include the values you entered.

A Practical Walk-Through of Our Financial Tool Suites

Making sound property and borrowing decisions requires looking beyond an isolated loan payment. Our platform arranges complementary financial tools into three specialized suites, allowing you to examine every dimension of your personal balance sheet.

1. Housing and Mortgage Suite

The Home Affordability Calculator estimates a price from income, debts and country assumptions. The Mortgage Calculator estimates payments from the loan amount, rate, term and costs you enter. You can also compare extra payments, refinancing costs, or rent and buy scenarios using your own assumptions.

2. Income, Tax, and Budgeting Suite

The Salary Calculator estimates take-home pay using the selected country and the details entered. The Budget Calculator helps organize income and expenses. Both can help you explore a budget, but neither decides whether a lender will approve an application.

3. Debt Elimination and Wealth Accumulation Suite

The Debt Consolidation and Loan Calculators compare payments and interest using the values you provide. The Compound Interest Calculator illustrates how contributions and assumed returns affect a future balance; returns are not guaranteed.

How to Use This Mortgage Calculator

Begin by entering your agreed Home Price, which represents the gross purchase valuation stated on your real estate purchase agreement. Next, enter your cash Down Payment (or deposit). The calculator subtracts this down payment from the property price to determine your net base loan principal, displaying your Loan-to-Value (LTV) percentage immediately. If your down payment is below conventional thresholds (such as 20% in the United States, Australia, or Canada), the system automatically incorporates statutory mortgage default insurance into your monthly projections.

Enter the annual interest rate and loan term from the offer you want to assess. A shorter term usually has higher regular payments and may reduce interest over the life of the loan. Add estimates for property taxes, insurance, mortgage insurance and HOA dues to see their effect on monthly housing costs.

Calculation Methodology & Statutory Standards

For a fixed-rate loan with regular monthly payments, the principal and interest estimate uses the standard amortization equation:

M = P × [ r(1 + r)ⁿ ] / [ (1 + r)ⁿ − 1 ]

In this formula, M is the monthly principal and interest payment, P is the loan principal, r is the monthly interest rate, and n is the number of monthly payments.

Each payment first covers interest on the outstanding balance; the remainder reduces principal. Taxes, insurance and other costs are shown from the values entered and country assumptions. Actual lender calculations, insurance rules and escrow amounts may differ; confirm them with your lender and relevant authority.

Frequently Asked Questions About Mortgage Financing

What is the practical difference between a mortgage interest rate and the APR?

The interest rate is the baseline annual cost of borrowing expressed as a percentage of your outstanding principal balance. The Annual Percentage Rate (APR) reflects the broader cost of financing, bundling the base interest rate together with origination points, discount points, processing fees, underwriting charges, and essential settlement expenses. Under Regulation Z of the Truth in Lending Act enforced by the Consumer Financial Protection Bureau (CFPB), lenders must disclose the APR so borrowers can make an apples-to-apples comparison across competing mortgage offers that feature differing upfront fee structures.

When and how can Private Mortgage Insurance (PMI) be cancelled?

Under the federal Homeowners Protection Act of 1998, you have the legal right to submit a written request to cancel PMI once your regular payments bring the principal loan balance down to 80% of the property's original value, provided your payment history is satisfactory. In addition, mortgage loan servicers are required by law to cancel PMI automatically once your amortization schedule reaches 78% of the original value, without requiring borrower intervention. Loans backed by the Federal Housing Administration (FHA) follow different statutory rules: borrowers who put down less than 10% must maintain Mortgage Insurance Premiums (MIP) for the entire duration of the loan.

How do additional principal curtailments reduce total loan cost and payoff duration?

Because mortgage interest is calculated monthly against the remaining principal balance, applying extra funds directly toward the principal lowers every subsequent monthly interest charge. For example, adding an extra $200 each month to a $400,000 30-year fixed loan at 6.75% eliminates more than five years of scheduled payments and prevents over $85,000 in interest charges from accruing. Conforming residential mortgages carry no statutory prepayment penalties, meaning borrowers can pay down principal at any cadence without penalty.

How does a fixed-rate mortgage compare against an adjustable-rate mortgage (ARM)?

A fixed-rate mortgage guarantees that your principal and interest payment remains identical over the entire loan life, shielding household budgets from macroeconomic rate volatility. An adjustable-rate mortgage (ARM) or tracker loan provides an initial discounted interest rate for a fixed period (such as 3, 5, or 7 years), after which the rate adjusts periodically according to a benchmark index (such as SOFR in the United States or the Bank of England base rate in the United Kingdom) plus a lender margin. Borrowers who plan to relocate or refinance before the initial fixed period expires can save significant interest with an ARM, but they accept the risk of higher future payments if benchmark rates rise.

Explore Related Financial Planning Calculators

Affordability Calculator →

Use this tool before touring properties to calculate your maximum purchase ceiling based on your gross household income, recurring personal debt obligations, and statutory debt-to-income (DTI) caps.

Extra Payment Calculator →

Use this tool to estimate how recurring or one-off extra payments could affect payoff time and total interest.

Refinance Calculator →

Use this tool when market interest rates decline to compute your financial break-even point by comparing ongoing payment reductions against upfront loan origination and closing settlement fees.

South Africa Mortgage Standards & Regulatory Limits

Mortgage underwriting in South Africa follows domestic statutory frameworks governing maximum loan-to-value (LTV) limits, minimum cash deposits, and mandatory interest rate stress tests. This calculator automatically incorporates South Africa standards into its assumptions so that your results reflect realistic underwriting requirements rather than generic estimates.

NCA affordability assessment; 20-year terms are typical.

South Africa home affordability calculator → Test extra mortgage payments → Mortgage refinance calculator → Compare renting and buying in South Africa → Estimate your total home-buying budget → Check South Africa net take-home salary → Explore country mortgage guides →

⚙️

Calculation Methodology & Proof

Mortgage (PITI + schedule)

The loan is amortized as above. Housing cost adds tax, insurance, HOA, and PMI. UK-style splits keep an interest-only balloon.

PITI = M + tax/12 + insurance/12 + HOA + PMI. IO payment = IO balance × r. Balloon = IO balance at term.

Loan amount = price − down payment. LTV = loan / price.
If an interest-only amount is set, only the remainder amortizes.
PMI (when enabled) is charged while scheduled LTV is above the threshold (default 80%).
Total cost sums interest, fees, and the recurring housing add-ons over the payoff period.

Important Caveats & Planning Assumptions

Tax and insurance are estimates; escrow analysis will differ.
PMI cancellation rules vary by product and country.

Read complete methodology documentation →

Frequently Asked Questions

Expert answers to common questions

What is included in the monthly total?

Principal and interest, plus estimated property tax, home insurance, HOA, and PMI when LTV is above the threshold. That PITI figure is what lenders use for affordability.

When does PMI drop off?

This calculator removes PMI once the scheduled balance reaches 80% of the original purchase price. Servicers may also need an appraisal; rules vary by country and loan type.

How does a UK split mortgage work here?

Set an interest-only amount. That slice is charged interest only and remains as a balloon; the rest amortizes over the term.

Total Monthly (PITI)

ZAR 4 249,49

Breakdown ↓ Schedule

📋 Official Guide · 2026

Reviewed 2026-09-11 · Yes, under the NCA, you must give the bank 90 days' written notice of your intention to cancel the bond (e.g., if you are selling the house or refinancing). If you do not give notice, the bank charges a 90-day penalty interest fee.

South Africa Mortgage Guide 2026: Prime-Linked Rates, Bonds, and Transfer Duties

The South African mortgage market (commonly referred to as "Home Loans" or "Bonds") is characterized by a heavy reliance on variable interest rates pegged to the SARB Prime lending rate. The market is highly accessible for first-time buyers, with 100% LTV loans common, provided the borrower passes stringent National Credit Act (NCA) affordability tests. This guide outlines the 2026 lending landscape.

How Much Can You Borrow in South Africa? ▼

Lending in South Africa is governed less by hard LTV caps and more by strict affordability assessments under the NCA to prevent reckless lending.

Loan-to-Value (LTV) Limits

First-Time Buyers: Maximum 100% LTV is widely available. Banks frequently finance the entire purchase price. First-time buyers with strong credit can sometimes get a 105% LTV loan to cover closing costs (transfer duties and bond registration fees), though this attracts a higher interest rate.

Standard Buyers / Repeat Buyers	Maximum 90% to 100% LTV. A 10% deposit is often recommended to secure a better interest rate.

Foreigners / Non-Residents: Maximum 50% LTV. Non-residents must bring at least 50% of the purchase price into South Africa from an offshore account.

Debt-to-Income (DTI) Limit (Affordability Assessment)

Banks strictly adhere to the NCA guidelines. Your mortgage payment generally cannot exceed 30% of your gross monthly income.

More importantly, banks conduct a Net Surplus calculation: Gross Income minus Statutory Deductions (Tax, UIF) minus Living Expenses minus Existing Debt Obligations. If the net surplus cannot cover the new mortgage payment (stress-tested against future rate hikes), the loan is declined.

Use the affordability calculator to determine your maximum mortgage based on the strict 30% DTI limit and net surplus rules.

South African Mortgage Types ▼

Variable Rate (Prime-Linked): The overwhelming majority (over 90%) of South African home loans are variable. The interest rate is quoted as Prime plus or minus a margin (e.g., Prime - 0.50% or Prime + 1.00%). When the SARB changes the repo rate, the Prime rate changes immediately, altering your monthly installment.

Fixed Rate: You can usually fix your rate for 1 to 5 years. However, in South Africa, fixed rates are typically offered at a premium (higher than the current variable rate) to price in the bank's future risk. Because of this premium, most buyers stick to variable rates.

Current South African Mortgage Rates (2026) ▼

Following SARB rate adjustments, the Prime Lending Rate is the benchmark.

Prime Lending Rate (2026 Average)	11.25% to 11.75%
Good Credit / High Deposit	Prime - 0.50% to Prime - 1.00% (e.g., 10.75%)
100% LTV / Borderline Credit	Prime + 0.50% to Prime + 1.50% (e.g., 12.75%)

*Rates are illustrative averages as of September 2026.*

Closing Costs and Taxes ▼

Closing costs in South Africa are substantial, primarily driven by the progressive Transfer Duty and high legal fees (conveyancing).

Transfer Duty (SARS)

Properties under R1,100,000 are completely exempt from Transfer Duty.

R1,100,001 to R1,512,500: 3% of the value above R1.1m.

R1,512,501 to R2,117,500: R12,375 + 6% of the value above R1.512m.

The scale progresses up to 13% for properties over R12.1 million.

Conveyancing Fees (Legal Fees)

You must pay two separate sets of attorneys:

1. Transfer Attorney: Appointed by the seller, but paid for by the buyer. Registers the transfer of ownership at the Deeds Office. Fees are tariff-based (e.g., ~R30,000 for a R2m property).

2. Bond Attorney: Appointed by the bank, paid for by the buyer. Registers the bank's mortgage bond over the property. Fees are tariff-based (e.g., ~R28,000 for a R2m bond).

Total Cash Needed: Budget exactly 4% to 8% of the property price for closing costs (unless the property is under R1.1m, which drastically reduces the cash requirement). Use the budget calculator for a complete estimate.

The South African Mortgage Process ▼

1. Get Pre-Approval. Use a Bond Originator (e.g., Ooba, BetterBond). They apply to multiple banks (Standard Bank, Absa, FNB, Nedbank) simultaneously on your behalf for free.

2. Sign the Offer to Purchase (OTP). A legally binding contract. Always include a "Subject to Bond Approval" suspensive clause, giving you 14 to 21 days to secure financing.

3. Bank Valuation. The bank assesses the property to ensure it holds enough value to cover the bond.

4. Bond Approval (Grant Quotation). The bank issues the final offer detailing the interest rate and conditions.

5. Sign Legal Documents. You meet with both the Transfer Attorney and the Bond Attorney to sign the respective documentation and pay their pro-forma invoices (including Transfer Duty).

6. Registration at the Deeds Office. Lodgement and registration take about 10 to 15 working days. On the day of registration, the bank pays the seller, and you take ownership.

What is an Access Bond facility? ▼

A highly popular feature. It allows you to pay extra money into your home loan to reduce the capital balance (and thus the interest charged), while retaining the right to withdraw those extra funds later if you need cash. It effectively acts as a high-interest savings account.

Are there early repayment penalties in South Africa? ▼

Under Section 125 of the National Credit Act (NCA), borrowers who intend to pay off and cancel their mortgage bond early (for example, upon the sale of the home or refinancing to another credit provider) must serve their mortgage lender with 90 days of written cancellation notice. If this statutory 90-day notice is omitted or waived by the borrower to expedite Deeds Office cancellation, the lending bank is legally entitled to charge an early termination penalty interest fee equivalent to the shortfall of the 90-day period.

Official Sources & References

South African Reserve Bank (SARB) National Credit Regulator (NCR) South African Revenue Service (SARS) — Transfer Duty

Monthly Payment Breakdown

🗄️ Saved Comparison Scenarios (Side-by-Side)

⚡ Embed Calculator on Your Website

Amortization Schedule

15-Year vs. 30-Year Loan Comparison

Mortgage estimate

Who Benefits Most

Country-specific details

A Practical Walk-Through of Our Financial Tool Suites

1. Housing and Mortgage Suite

2. Income, Tax, and Budgeting Suite

3. Debt Elimination and Wealth Accumulation Suite

How to Use This Mortgage Calculator

Calculation Methodology & Statutory Standards

Frequently Asked Questions About Mortgage Financing

What is the practical difference between a mortgage interest rate and the APR?

When and how can Private Mortgage Insurance (PMI) be cancelled?

How do additional principal curtailments reduce total loan cost and payoff duration?

How does a fixed-rate mortgage compare against an adjustable-rate mortgage (ARM)?

Explore Related Financial Planning Calculators

Affordability Calculator →

Extra Payment Calculator →

Refinance Calculator →

South Africa Mortgage Standards & Regulatory Limits

Mortgage (PITI + schedule)

Important Caveats & Planning Assumptions

Expert answers to common questions

South Africa Mortgage Guide 2026: Prime-Linked Rates, Bonds, and Transfer Duties