Bond Calculator

This Bond Calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sales price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (PRIVATE MORTGAGE INSURANCE) for home loans where less than 20% is put as a down payment. Also taken into consideration are the property taxes, and their effect on the total monthly bond payment.

Purchase & Financing Information

 
Sale Price of Home: (In Rand Value)
Percentage Deposit: %
Length of Mortgage: years
Annual Interest Rate: %
Explain Calculations: Show me the calculations and amortization