AFFORDABILITY CALCULATOR
Find out how much home loan you qualify for based on your income and expenses.
Affordability Calculator
Income Analysis
Maximum Loan Amount
R 1 502 434
Your Monthly Repayment Amount
R 15 000
Using 30.0% of gross income at 10.50% interest for 20 years
How we calculate affordability
We use your Net Surplus Income (income after expenses) as your maximum payment capacity. This ensures you can comfortably afford the bond payment while maintaining your current lifestyle. The calculation is capped at 30% of gross income, matching standard banking practice.
Affordability Tips
- • Banks typically approve loans at 28-33% of gross income
- • Your payment should not exceed your disposable income
- • Consider future rate increases (add 2-3% buffer)
- • Keep 3-6 months expenses as emergency fund
Disclaimer: This calculator provides estimates only and should not be relied upon for financial decisions. Actual loan approval amounts, interest rates, and terms may vary based on your credit profile, the lender, and market conditions. Please consult a financial advisor or bond originator for accurate quotes.
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