Bond Calculators
Affordability
Select Calculator:
Overview
Affordability
Transfer
Additional
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Gross Remuneration
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Gross Remuneration
Enter the COMBINED monthly gross remuneration amount.
Salary Deductions
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Salary Deductions
Enter the total monthly combined salary deductions.
Other Income
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Other Income
Enter the total monthly income from other sources like interest, monthly average of annual dividends, etc.
Monthly Expenses
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Monthly Expenses
Enter your average monthly expenses. If you currently rent a property, the monthly rent should be excluded.
Finance Costs
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Finance Costs
Enter your total monthly debt repayments for credit card debt, personal loans, vehicle financing, etc.
The bond amount that you should qualify for is
R 1 889 190
Monthly Net Disposable Income
Based on the income & expense amounts that you entered, your combined net disposable income is R22,000 per month and is 33.85% of your gross income.
Limitation
Most financial institutions limit the net disposable income percentage to 30% of your monthly gross income. Your net disposable income was therefore reduced to an amount of R19,500 per month for bond affordability calculation purposes.
Interest Rate Changes
If the bond interest rate increases from 11.00% to 12.00%, the bond amount that you qualify for will decrease from R1,889,190 to R1,770,979 - a decrease of R118,211.
Monthly Bond Repayment
The monthly repayment on a bond of R1,889,190 at an interest rate of 11.00% is R19,500 per month.
Disclaimer: These bond calculators are provided for the user's convenience and can be used to calculate estimates of the appropriate values. Although every effort has been made to ensure the accuracy of these calculations, we cannot under any circumstances be held liable for inaccuracies and we do not accept liability for any loss or damages arising from the use of these calculators.