![]() ![]() 15737), an authorised financial services provider. This calculator allows you to figure the savings by adding an extra amount to your fixed monthly payments & the potential savings by making biweekly payments. What approach provides a better interest rate Where should the investment be tied up (Home equity or a savings/investment account) Other Questions. 24015), underwritten by Mutual and Federal Risk Financing Limited (short-term / non-life insurance company), and administered by IUA Business Solutions (Pty) Ltd (FSP licence No. 16354).īetterSure Home Insurance policies are offered by BetterLife Distribution Services Proprietary Limited, trading as BetterSure Financial Consultants, an authorised financial services provider (FSP Licence No. You can also see the effect of having money in an offset account to the interest paid over the remaining term, and the effect of making additional lump sum. This calculator will help you to determine the current loan balance of your mortgage based on the number of mortgage payments you have made. Short-term insurance policies sold before 1 March 2019 are underwritten and administered by Auto and General Insurance Company Limited, an authorised financial services provider (FSP Licence No. 15737), an authorised financial services provider. BetterLife protection policies are underwritten by Old Mutual Alternative Risk Transfer Limited, a registered long-term insurer, and administered by IUA business Solutions (Pty) Ltd (FSP licence No. Payoff Years: 302 months or 25.2 years Total Interest Payment: 214,305.04. *All insurance products are offered by BetterLife Distribution Services Proprietary Limited, trading as BetterSure Financial Consultants, an authorised financial services provider (FSP Licence No. Mortgage Balance: 250,000 Interest Rate: 5.55 Monthly Payment: 1,538.43 With the current monthly payment, it will take another 25 years to pay off your mortgage. ![]()
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