Bond Affordability Calculator

How are home loan amounts calculated?

With the Bond affordability calculator,  you can calculate how much you can afford to spend on the purchase of a new home.

Banks calculate the bond amount you qualify for on about a third of your gross monthly income – in other words, what you get in total before you pay taxes, your medical scheme, pensions and so forth.

Your net monthly income, on the other hand, of your pay check after these payroll deductions have been made. If your gross monthly income is R30 000 per month, the banks will let you spend approximately R10 000 per month on a home loan or bond repayment.

Remember to fill in the repayment term and interest rate on the bond affordability calculator above. This will give you the exact monthly repayment amount that you comfortably qualify for.