This handy tool is designed to help you estimate your monthly mortgage payments based on your financial details. Here’s how you can use it:

      • Enter Property Price (ZAR):
            • Input the total price of the property you are considering purchasing.
            • Enter Deposit Amount (ZAR):
              • Input the amount of money you plan to put down as a deposit.

          • Enter Prime Interest Rate (%):
                • The current prime interest rate is set to 11.75% by default. Adjust this value if your interest rate differs.

            • Enter Payback Period (years):
                  • Input the number of years over which you plan to repay the mortgage.

              • Enter Additional Monthly Costs (ZAR):
                    • Include any additional monthly costs such as insurance or property taxes.

                • Calculate Your Mortgage:
                      • Click the “Calculate Mortgage” button to see your estimated monthly mortgage payment.

                The results will display your monthly mortgage payment and the total monthly payment, including any additional costs you entered. This tool provides a quick and easy way to plan your finances and make informed decisions about your mortgage.

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