Bond Finance Calculator  
   

Refinancing

In order to calculate how much you will save by refinancing your existing home loan, please enter values for the required fields below (those marked with an asterisk(*)) and then click on the Calculate button.

Current Home Loan Balance (R) *
Current Monthly Repayment (R) *
Current Interest Rate (%) *
Refinanced Interest Rate (%) *
Refinancing Term (months) *
Refinancing Costs (see note 2 below) (R) *
 

New Monthly Repayment (R)
Monthly Savings (R)
Break-even Period (months)
Interest Total (Current Home Loan) (R)
Interest Total (Refinanced Home Loan) (R)
Interest Savings (R)
Nett Savings (Interest Savings - Refinancing Costs) (R)

 Notes:-

  1. Refinancing term cannot be more than 360 months (i.e. 30 years).
  2. Refinancing costs include cancellation fee and any penalties incurred when cancelling your existing bond and also the registration costs for your new bond.