Fast Facts

Paying an additional R2 000 a month over 20 years into a bond of R1.35-million with an interest rate of prime plus 2% will allow you to repay your bond 6.5 years sooner and save interest costs of almost R865 000.

It will take you less than five years to accumulate R150 000 – a 10% deposit on a property of R1.5-million – if you put away R2 000 a month in an investment earning a return of 10.5% a year. You will need additional cash for transfer duty and fees and bond costs to avoid including these in your home loan.