Financial Summary
Your Current Loan
Principal & Interest
Interest rate
6.16% p.a.
Monthly repayment
$6,018 /mth
Your existing repayment
Total interest if you stay
$1,180,438
Total Interest Saved
—
Years shaved off
—
Debt-free in
2056
30 Years
—
Standard Bank Refinance
Principal & Interest
New rate
5.89% p.a.
New monthly repayment
$5,850 /mth
+$168 /mth pocket saving
Total interest paid
$1,061,059
Total Interest Saved
$119,379
Years shaved off
—
Debt-free in
2056
30 Years
Standard Bank Outcome
Accelerated Monthly Plan
Principal & Interest
New rate
5.89% p.a.
Monthly repayment
$6,018 /mth
Same as today
Total interest paid
$890,000
Total Interest Saved
—
Years shaved off
—
Debt-free in
—
—
Saves a total of — vs. Current Loan
Accelerated Fortnightly Plan★ Recommended Plan
Principal & Interest
New rate
5.89% p.a.
Fortnightly repayment
$3,009 /fn
≈ $6,518 /mth equivalent
Total interest paid
$786,376
Total Interest Saved
$394,062
Years shaved off
6 Years, 6 Months
Debt-free in
2048
22 Years, 6 Months
★ Saves a total of — vs. Current Loan!
Total Interest Saved
Over your remaining loan term