Our easy-to-use calculators allows you to calculate the costs involved in buying a home, including deposits, repayments and bond and transfer costs.

Buying a home is a big financial decision. Before jumping into the property search, it’s important to look at your finances to get a better understanding of how much you can afford in order to determine your budget going forward. Please use a standard interest rate of 7% if unsure.

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Monarch Property Consultants does not accept liability for any damages arising from the use of this calculator.

Bond Costs Table

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Bond Calculator FAQs

What is my gross income?

Your gross monthly income is your total income before tax and deductions.

What is my net income?

Your net monthly income is your total income after tax and deductions.

How is the home loan amount calculated?

Your repayment cannot be more than 30% of your gross monthly income and cannot exceed your net surplus income.

How accurate is the bond calculator?

The bond calculator is a guideline. It does not include a credit check or full affordability assessment which the bank will require.

We recommend that you get pre-approved before you start house hunting.

Transfer Costs Calculator FAQs

What additional costs do I need to consider?

Once your bond has been granted and you have accepted it, you will be expected to pay costs to register the bond and costs to transfer the property.

Do I have to pay these costs?

You will always have to pay bond registration costs and attorneys charges. If your property costs less than R1 000 000, you will not be required to pay transfer duty.

Can I negotiate these costs?

You may be able to negotiate your bond registration and transfer costs. Transfer duty is paid to SARS and can’t be negotiated.

Extra Payment Calculator FAQs

Should I pay more into my bond?

Investing extra money into your bond means that you shorten your payment period and in so doing, save interest.

How quickly can I pay off my bond?

An extra R250 payment in your R1 000 000 bond every month will shorten your bond repayment period by 1.5 years (assuming a rate of 10%).

Bond Amortisation Calculator FAQs

What does the calculator show?

The amortisation calculator will give you a clear picture of how much your loan reduces by, every month, over the full period of the loan and what portion is used to repay interest and what portion pays for the house.

What happens if my rate is not fixed?

The calculator uses a fixed interest rate. If your interest rate varies as prime changes, the contribution to interest will increase or decrease.