The bond is only part of the picture. transfer duty, registration and conveyancing add up. Start with the instalment: slide to the property price and your deposit, and see what the bank will ask monthly.
The instalment is only the beginning of a property purchase. Here's the full arithmetic banks hope you'll skip.
Bonds price off prime plus or minus a risk margin. On a R1.5 million bond at prime-linked rates, each 0.25% rate change moves the instalment by roughly R250 to R300. which is why banks negotiate margins and why competing quotes matter. This calculator applies the standard annuity formula on your amount, term and rate, over terms up to 30 years.
Transfer duty (scaled by price, with exemptions at the lower end), bond registration, conveyancing and initiation fees add 5 to 8% on top of the purchase price. On R1.5 million that's R70,000 to R120,000 due before you move in. cash or short-term credit. Buyers who budget only the deposit get caught here; price it into your planning from day one.
Banks offer 100% bonds to strong applicants, but every extra 5% of deposit buys a better margin and shrinks the interest paid over the term. On a 20-year bond, moving from 90% to 85% loan-to-value saves well into six figures over the life of the bond. the best risk-free return available to most buyers.
Over 240 months, the difference between 11% and 11.5% on R1.5m is more than R50,000. That's why one habit pays for itself: get pre-approved by at least two institutions and let them compete. This calculator gives you the arithmetic to judge their offers in seconds.
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Use the price you'll offer, not the asking price. On a bond, even a 2% negotiation win is worth tens of thousands over the term.
Banks price risk: 10 to 20% down buys a better rate and avoids some insurance requirements. Enter the amount you'll actually put down.
Transfer duty, bond registration, conveyancing and moving costs add 5 to 8% on top. A bond you can barely afford leaves nothing for the paperwork.
On the reducing-balance method at prime plus or minus a margin. Our calculator uses the same annuity formula banks apply, so figures track real pre-approval quotes closely.
Bonds price off prime, which tracks the Reserve Bank's repo rate. Your final rate is prime plus or minus a risk margin. strong profiles get below prime.
Typically 10 to 20%, though 100% bonds exist for strong applicants. Every extra 5% of deposit improves your rate and cuts the total interest dramatically.
Transfer duty (price-scaled), bond registration, conveyancing and initiation fees. On a R1.5m property, budget roughly R70,000 to R120,000 above the purchase price.