Home loan payment calculator

[gregmcc]

Anyone got a good link for a payment calculator - I'm looking for one where if you pay an extra XXX a month then it tells you how much you will save in the long term and how much quicker it will be to pay the total loan back.

I've found a few on the net but can't seem to get any of them to work (unless its just me!)

 

[noxibox]

What problem are you having?

http://www.arachnoid.com/lutusp/finance.html seems to work.

 

[DJ...]

I found the Standard Bank calculators to suffice - http://www.standardbank.co.za/SBIC/Frontdoor_02_01/0,2354,176061_176112_0,00.html

 

[HavocXphere]

Don't forget the Time Value of Money when looking at the total amount saved.

 

[superjuice]

Use the Loan Amortisation template in Excel.

 

[Ou grote]

Use the Loan Amortisation template in Excel.

That's what I use.

 

[gregmcc]

Thanks for the info - both the above work. I must have had a blonde moment with all the other links I tried.

Hopefully I can bring my repayments down by a few years

Didn't know about the loan amortisation thing in excel - will look into it.

 

[Ou grote]

Thanks for the info - both the above work. I must have had a blonde moment with all the other links I tried.

Hopefully I can bring my repayments down by a few years

Didn't know about the loan amortisation thing in excel - will look into it.

Just right click on the "sheet 1" tab or whatever its called, select "insert template", and you'll see it there.

 

[Lord Anubis]

Thanks for the info - both the above work. I must have had a blonde moment with all the other links I tried.

Hopefully I can bring my repayments down by a few years

Didn't know about the loan amortisation thing in excel - will look into it.

Here's a better idea...buy shares. If you buy a few good shares a month say R3000 worth e.g. Sasol Shares. In ten year time you can buy two houses, and pay off your current one

 

[besterd]

Hi

The best place to go is http://bondcalculators.co.za

There's a few calculators that you can choose from