Payment Breakdown & Amortization Schedule

See exactly where every rand of your monthly payment goes over your loan term.

Loan Amount

Interest Rate (%)

Term (Years)

Monthly Payment

R 10,530.81

Total Interest

R 1,148,285.70

Over 17 years

Total Repayment

R 2,148,285.70

Principal + Interest

Interest Ratio

53%

Of total payments

Payment Breakdown Analysis

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Understanding Your Payment Breakdown

Why Most Early Payments Go to Interest

• Interest is calculated on the remaining balance
• Early on, your balance is highest, so interest is highest
• As you pay down principal, interest decreases
• By year 12, most payments go to principal

How to Pay Less Interest

• Extra payments: Even R500/month extra saves thousands
• Shorter term: 15-year loans cost less than 20-year loans
• Lower rate: Shop around for better interest rates
• Bigger deposit: Reduce the amount you need to borrow

Explore Different Scenarios

See how extra payments, different rates, or loan terms affect your costs.

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