AFORDABILITY CALCULATOR
 
     
HOW TO USE THIS CALCULATOR
Key in the gross monthly income (yours or the household's). Then key in the interest rate you feel you will qualify for (or the Home Loan Base Rate, currently 10.5%). Key in the number of months over which you would like to repay. Twenty years, which is the norm, = 240 months. Then simply click on the Calculate button and the figures appear instantly.
 
 
Gross Monthly Income (Rand)

R

  Interest Rate (%per annum)

 
  Repayment Term (# months)

 
  CALCULATE
 
  Monthly Instalment (Rand)
R

 

 




Maximum Home Loan Amount (Rand)
R

 

 
 
WHAT THIS WILL CALCULATE
 


This calculates the maximum home loan you qualify for and the monthly repayment on that loan.

 

 

 
 
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