Buying a Property

Bond Affordability Calculator

Estimate what your bond will cost, the cash you need up front, and the income you will need to qualify. Transfer duty uses the current SARS brackets.

Inputs

Purchase price

Deposit

Typical: 10 to 20% of purchase price.

Interest rate

% p.a.

Bond term

years

SA banks offer 5 to 30 years.

Monthly repayment

R 21 457

Recommended gross monthly income

R 71 525

Assumes bond ≤ 30% of gross income.

Transfer duty

R 45 786

Attorney costs (est.)

R 32 200

Total cash needed

R 297 986

Deposit + transfer duty + attorney fees. Excludes moving, bond initiation and insurance.

Have a property in mind? Let BookingLoop assess the numbers.

These figures are estimates for planning purposes only and do not constitute financial advice.