Bond calculators
Find out how much you could afford to borrow, based on what you earn and what you already spend each month.
Your total pay before any deductions
Tax, pension, medical aid, UIF
Rent, groceries, transport, school fees, debt repayments
Prefilled with the current rate — yours depends on your credit profile
You could qualify for up to
R 1 051 704
Based on a repayment of R 10 500 a month over 20 years at 10.5%.
Banks generally cap a bond repayment at 30% of your gross monthly income, and will not lend more than your disposable income can service — whichever is lower applies.
Work out your monthly repayment on a given purchase price, plus the transfer and bond costs you'll need up front.
Bond amount: R 1 350 000
Total monthly instalment
R 13 961
On a bond of R 1 350 000 over 20 years at 10.5%. You'd need to earn about R 44 927 a month to qualify.
Once-off costs
Plus your deposit of R 150 000
See what paying a little extra each month does to your bond — both the interest you save and the years you knock off.
On top of your normal instalment
Total interest saved
R 409 473
Paying R 1 000 extra a month clears your bond in 15.8 years instead of 20 — 4.2 years sooner.
Assumes the extra amount is paid every month from the start and the interest rate stays put. Check with your bank that extra payments go against the capital.
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These calculators are a guide only, not a quote or an offer of credit. Attorney, transfer and Deeds Office figures follow the published SA tariffs and can vary in practice.