Remortgage Calculator: Savings from Remortgaging

This online calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate.

The remortgage calculator will calculate the monthly payment and net interest savings, and also the number of months it will take to break even on the refinance costs.

Enter the principal balance of your mortgage (payoff amount):	R
Enter the amount of your monthly mortgage payment:	R
Enter your mortgage's current interest rate: (%)
Enter the interest rate you will be refinancing at: (%)
Enter the number of years you will be refinancing for:
Enter the closing costs that will be required for refinancing as a rand amount, please consult your Bond Busters consultant for this, as Bond Busters can secure a 40% discount on all your bond re-registration costs.	R
Bond Cancellation Fee New Bond Registration Penalty Fees

This is how much your monthly payment will be if you refinance:	R
Monthly Savings:	R
Number of months to break even on closing costs:	R
This is how much interest you will pay under your current monthly payment plan:	R
This is how much interest you will pay under your refinanced monthly payment plan:	R
This is how much interest you will save if you refinance:	R
Net Refinancing Savings (interest savings less closing costs):	R

Calculations are only estimates and an accurate calculation may be obtained from a Bond Busters representative. Just give us a phone call or send us a mail.

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	Bond Busters is an independent broker - facilitating debt solutions for South African home owners.