Mortgage Plus Home Loan calculators help you make the right decision*

Bond Calculator Objectives
The most common calculation objectives when using bond calculators are calculating monthly bond repayments & interest, determining levels of affordability, calculating the income qualification benchmark based on a required bond amount and analyzing optimal bond repayment options.
All of these objectives can be met by using our bond calculators. We also provide additional bond calculations which enable users to calculate sensitivities around the main bond variables – interest rates, bond periods and deposit amounts.
A comprehensive transfer and bond cost calculator is provided to assist in calculating an accurate estimate of the bond and transfer costs that will be incurred when purchasing a property. Our bond calculators also feature an amortization table which includes a column for the outstanding capital percentage – this calculator is well worth having a look at and is guaranteed to enhance any user’s understanding of how the outstanding capital amount is repaid over the entire bond period.
All our bond affordability and minimum income calculations are based on net disposable income as required by the National Credit Act.

Home Loan Affordability Calculator
Work out the loan value you could qualify for based on your current gross income. The bank requires a clear credit record and generally allows you a loan on which the repayments are no more than 30% of your gross monthly income.

Bond Repayment Calculator
Before you start looking for a home, do a few calculations to establish your price range, your repayments, and the once-off costs of the purchase.
The calculator uses the simple criteria of calculating the Home Loan Amount and then the Loan Repayment Amount based on the criteria selected. If your Bond Costs are included in the Home Loan Amount, increase the Purchase Price with the costs.

Savings Calculator
Calculate the amount saved on your loan by paying additional instalments.

Home Loan Amortization calculator
The amortization table displays the breakdown of the monthly bond repayment into an interest and capital portion over the entire bond period. It also reflects the outstanding capital amount at the end of every month during the bond period.

Transfer and Bond Cost Calculator
The purchase of property is levied by the government (transfer fees) and there are legal and admin costs for the registration of the home loan, most of which are due upfront, before transfer can take place. Use this calculator to work out what these costs are so you can have the funds available in time.

Home Loan and Mortgage Calculators

Disclaimer: All rates and fees are illustrative rates and fees, which are subject to change. This calculator is provided for you convenience and provide estimated values based on the criteria selected. When consulting a Mortgage Plus agent the costs can be formally confirmed based on all the information provided.

Please contact us if you require any further information or would like to apply for finance:

Complete this short form online

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za

Bond Calculator Objectives | Bond Calculators

The most common calculation objectives when using bond calculators are calculating monthly bond repayments & interest, determining levels of affordability, calculating the income qualification benchmark based on a required bond amount and analyzing optimal bond repayment options.

All of these objectives can be met by using our bond calculators. We also provide additional bond calculations which enable users to calculate sensitivities around the main bond variables – interest rates, bond periods and deposit amounts.

A comprehensive transfer and bond cost calculator is provided to assist in calculating an accurate estimate of the bond and transfer costs that will be incurred when purchasing a property. Our bond calculators also feature an amortization table which includes a column for the outstanding capital percentage – this calculator is well worth having a look at and is guaranteed to enhance any user’s understanding of how the outstanding capital amount is repaid over the entire bond period.

All our bond affordability and minimum income calculations are based on net disposable income as required by the National Credit Act.

Home Loan calculators helps to detail you the exact information related to your saving investment.

Mortgage Plus Bond Originators Recommend the Following Calculators:

Minimum Income Calculator

This bond calculator will show you what your monthly instalments will be and what monthly income you need to secure the loan.

Maximum Bond Calculator

Use this Bond Calculator to work out what is the maximum amount you can borrow according to your income

Bond Repayment Calculator

Use this Bond Calculator to work out what your monthly repayments will be.

Bond Status Calculator

This bond calculator shows you how much you still owe on your Home Loan, as well as how much Interest and Capital you have paid.

Increased Installment

This bond calculator will show you how much you can save by increasing your monthly installment. You will see how the repayment term shortens as well as the total savings in interest.

Please contact us if you require any further information or would like to apply for finance:

Complete this short form online

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za