Affordability Calculator

Home loan affordability calculator

Want to see what size bond you could qualify for based on your income and expenses?
Monthly gross income:
Monthly net income:
Monthly expenses:
Interest rate (%)
Repayment term
You can afford a bond of
Estimated monthly repayment
Terms and conditions apply
You can afford a bond of
Estimated monthly repayment
Terms and conditions apply

Why should I get pre-qualified?

Our completely FREE, ‘no strings attached’ pre-qualification process puts you in a better position to buy a home, saving you time and trouble. Send us all the required documents, and we’ll assess your finances, do a quick credit check and issue you with a Pre-Qualification Certificate – all within 24 hours.

Affordability calculator FAQ

What is my monthly gross income?

Monthly gross income is the amount of money you earn, typically on a paycheck, before payroll taxes and other deductions

What is my monthly net income?

Monthly net income is your take-home pay after taxes and other payroll deductions. Your net income, the amount on your paycheck, is the amount you should use to determine your budget.

How is my affordability calculated?

Affordability is calculated by subtracting your monthly expenses from your combined household income.

How accurate is the bond calculator?

The bond calculator is a guideline. It does not include a credit check or verified pre-qualification.

Once I know my affordability – what’s next?

How are home loans typically calculated?

It is advisable to get a verified pre-qualification certificate, so you have a good idea of what the banks may be willing to offer you.

When it comes to applying for a home loan, South African banks will, typically, allow you to qualify for a home loan repayment of up to 30% of your joint, gross, monthly income i.e. your total joint income before tax and expenses have been deducted. This rule ensures that banks adhere to responsible credit lending as mandated by the National Credit Act of South Africa.

What is the most common home loan period?

Generally, you are required to pay back the home loan, plus interest, over a set period, most commonly between 20 to 30 years.

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Talk to us.

Buying a home can be very exciting, but it can also be very daunting.

Let our expert consultants set your mind at ease and make the whole process simpler, better for you.

Terms and conditions:
The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, BetterBond cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.