Interest rates have gone up by 0.25% on a bond of R 1 000 000 for 20 years at prime rate you'll now be paying R 9 158,60 as opposed to the old rate of R 8 997,25. Therefore, an extra ± R 160 per million needs to be accounted for on your new purchase.

 

Interest rates have gone up by 0.25% on a bond of R 1 000 000 for 20 years at prime rate you'll now be paying R 9 158,60 as opposed to the old rate of R 8 997,25. Therefore, an extra ± R 160 per million needs to be accounted for on your new purchase.

9% - R 8 997, 25

9.25% - R 9 158,66

9.5% - R 9 321,31

9.75% - R 9 485,16

10% - R 9 650,21