Bond Repayment Calculator
Estimate your monthly bond repayment, total interest paid, and additional costs like transfer duties and registration fees.
Bond Summary
Estimated Additional Costs
These are estimates. Actual costs vary based on attorneys and property value.
How the Bond Calculator Works
This calculator uses the standard amortization formula to determine your fixed monthly bond repayment. The bond amount is the property price minus your deposit.
PMT = P × [r(1+r)n] / [(1+r)n - 1]
Where P is the bond amount, r is the monthly interest rate (annual rate / 12), and n is the total number of monthly payments.
Additional Costs When Buying Property in SA
Transfer costs are paid to the conveyancing attorney and cover transfer duty (a government tax), attorney fees, and deeds office fees. They typically amount to approximately 1.5% of the property price, though this varies with property value.
Bond registration costs cover the attorney fees for registering the bond at the deeds office. These typically range from R25,000 to R40,000 depending on the bond amount and attorney.
Tips for Home Buyers
A larger deposit reduces your bond amount and monthly payments. Even a 10% deposit can save you hundreds of thousands in interest over the life of the bond. Banks also offer better interest rates to buyers with larger deposits.