See how a 2-year interest-only home loan (like the latest bank offers) compares to a normal bond, a lower negotiated rate, and waiting to save - across monthly payments, equity, and total cost.
Adjust any field — all four scenarios update instantly.
A quick read on which option wins each goal — see the cards and table below for the numbers.
| Best for | Option | Why |
|---|---|---|
| Lowest payment now | Buy now: 2-year interest-only (lower now, higher later) | Lowest first 24-month payment, but higher cost later |
| Lowest total interest | Buy now: lower negotiated rate (MyProperty) | Lower rate and capital repayment from day one |
| Fastest equity growth | Buy now: lower negotiated rate (MyProperty) | More capital paid off after 24 months |
| Wait-and-save option | Wait 2 years: rent & save first | Builds a deposit first, but excludes rent and delays ownership |
What happens to your monthly payment when the first 24 months end.
| Option | First 24 months | After 24 months | Change |
|---|---|---|---|
| Buy now: 2-year interest-only (lower now, higher later) | R 12,813 / mo | R 15,240 / mo | +R 2,427 |
| Buy now: normal bank loan (balanced) | R 14,725 / mo | R 14,725 / mo | no change |
| Buy now: lower negotiated rate (MyProperty) | R 14,228 / mo | R 14,228 / mo | no change |
| Wait 2 years: rent & save first | R 2,000 saved | R 14,216 / mo | New bond starts |
Capital repaid for the bond options, or deposit saved for Rent & Save first.
Each bar shows what you put in over the full horizon, broken into capital, interest, and (for Rent & Save first) the saving you make before buying.
An interest-only period reduces your monthly payment in the short term, but your loan balance does not move. You will pay more interest in total because the full capital is amortised over a shorter remaining term at the same rate.
Even a small rate reduction lowers your monthly payment and your total interest over the loan term. MyProperty Home Loans applies to multiple banks to help you secure a competitive rate while keeping capital + interest repayments from day one.
Saving into a fixed deposit can build a deposit that reduces your future loan, but property prices may rise during the saving period — and you pay rent in the meantime, which is not captured here.
Banks assess each application individually. Speak to a bond originator or financial adviser to confirm rates, fees and affordability for your situation.
Rent & Save note: The Rent & Save figures exclude rental payments and assume the buyer purchases after the saving period. If property prices increase during this period, the future purchase price may be higher.
Disclaimer: Figures are estimates for illustration only. Actual repayments depend on lender approval, fees, insurance, rate changes, and personal affordability.