Okay, let’s calculate your home loan affordability

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Bondspark really fought for us to get this bond, thank you.
– Cheritte Mathebula
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AFFORDABILITY CALCULATOR
How much can I afford?

Income before tax
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Income before tax

Here, you need enter the value of your income before any tax deductions. Include things like:

  • Basic Salary
  • Commission
  • Overtime
  • Gross Subsidy
  • Alimony
  • Rental Income

R
Using minimum of R 10,000.

Tax & other deductions
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Tax & other deductions

Check your payslips for deductions like:

  • Tax
  • UIF
  • Company Pension
  • Company Medical Aid

And anything else that’s deducted from your basic wage.

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Total monthly expenses
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Expenses

Think about how much you spend in a month. Include recurring expenses, for example, groceries, Netflix, medical aid, etc.

Do not include your rent or bond repayment if this will fall away once you get approval on your home loan application.

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Home loan repayment over
20 years
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5 years
10 years
15 years
20 years
25 years
30 years
at an interest rate of

10.00%
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Prime
10.00%
12% of our home loans were issued at this interest rate of 10% - 10.25%
You can afford a bond of:
R 310,874
Total repayment: R 720,000
THE DIFFERENCE ONLY 1% MAKES
10.00%
Interest Rate
Total Repayment
R 720,000
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9.00%
Interest Rate
Total Repayment
R 671,282
Save R 203 p/m, that’s R 48,718 in total
GET PREQUALIFIED
Maybe you could afford a mansion after all?
A pre-qualification is like proof to show that you can afford your dream home. It makes the seller happy, the banks happy, your mom proud – just general happiness all around.
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If you’re not the “jump-right-in” type – look around! it might be a good idea to see what you can afford first.
We love our clients, and they love us.
What's not to like about that?

Apply now to up to 7 financial institutions

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Apply for a home loan
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We’re a social bunch, get in touch — let’s chat.
Get a home loan specialist to call you back and answer any questions you still might have.
Full name:
Phone Number:
+27
Email:
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We respond within one business day, so keep an eye on your mobile. Or message us at hello@bondspark.co.za