Payment Breakdown & Amortization Schedule
See exactly where every rand of your monthly payment goes over your loan term.
R 10 370,91
Total Interest
R 1 115 666,63
Over 17 years
Total Repayment
R 2 115 666,63
Principal + Interest
Interest Ratio
53%
Of total payments
Payment Breakdown Analysis
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