Mortgage Affordability Calculator South Africa

Our bond affordability calculator also called a bond calculator or home loan calculator as well as the other tools on this page are perfectly geared towards doing accurate home loan calculations and making it easy to buy property in south africa.

Mortgage affordability calculator south africa. Close email bond affordability results. Home loan balance transfer calculator 91 9289200017. Environmental social governance. Mortgage rates in south africa south african mortgage rates are high with standard interest rates at around 10.

After that we ll help you fill in a full application to get the home loan process underway. Make use of our affordability calculator above to find out what your estimated home loan amount will be. Call us 0860 2 4 6 8 10 contact me. Home loan eligibility calculator.

Then submit the short application form and we ll contact you to complete the process. Email results back. While every effort is made to ensure the accuracy of the calculator mortgagemax 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. Find out how much you can afford to spend on a new home based on your income and any deposit you have available using our affordability calculator.

With evo at your side becoming a home owner is within your grasp. The standard debt to income ratio in south africa is 30 33 meaning that your south african mortgage repayments plus existing debts cannot be higher than 33 of your gross income. Simply click on the calculator relevant to your needs and fill in the required fields. We have set the default interest rate to the current prime lending rate.

Proof that you can afford the mortgage. Based on your credit profile south african banks may choose to give you an interest rate either higher or lower than the prime lending rate. Your affordability is ultimately based on around 30 of your gross monthly income and on your disposable income. Board board committees.

Get an estimated monthly instalment on a new mortgage based on the value of the home you d like to purchase. Most home loans in south africa are over 20 years but you may choose a longer or shorter term. Advanced this is a quick calculator to give you an idea of a home loan you could qualify for subject to a full credit assessment. Our calculators are quick and easy to use.