Looking for home loan affordability calculators?

Mortgage Plus Bond Originators provides you with access to a range of bond calculators and is rated one of South Africa’s top bond originators.

Why use the Mortgage Plus Home Loan Calculators?

Our Home loan calculators are great tools to give you an idea as to the size of home loan you could potentially afford. There are several types of bond calculator’s available, calculating aspects such as:

-  How big a home loan you could qualify

-  What your net salary should be to qualify for a particular home loan amount

- What your monthly home loan repayments would be on particular bond amount

-  Your total monthly overheads and expenses.

Feel free to use the below home loan qualifications calculators to help you with the right financial choice:

• Affordability Calculator

• Bond Status Calculator

• Increased Installments Calculator

• Minimum Income Calculator

• Monthly Payments Calculator

At Mortgage Plus we understand how important it is to make the right financial decisions when taking up a new Bond or Home Loan. This is why we have developed the above tools and mortgage calculators to help you choose a home loan that best meets your needs.

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

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