Use our bond repayment calculator to calculate your monthly repayments on your home loan. Enter the loan amount and click on Calculate. Adjust the percentage rate and term as necessary. Property value R Deposit R Original Term   years Percentage Rate   %     Bond Registration Fee R Monthly Repayments R Extra Repayments Per Month R Calculate your savings by entering the extra repayment amount and click on calculate savings     Your new loan term is   years You will save R

This calculator can be used to calculate the monthly bond repayments one would be liable to pay based on a given property value, and a bond being secured for a given term at a given interest rate, after having paid a given deposit.

The calculator can also work out what you would ultimately save in interest should you be able to pay off more than the minimum bond repayment each month.

To do this, simply input the additional monthly payment value in the field marked 'Extra Repayments Per Month' and click on 'Calculate' below.

What can I afford?
You've used the bond repayment calculator, but now you're probably wondering what you can afford.

In considering whether to grant bond applications, lenders use guidelines called debt-to-income ratios.

Basically, in order to work out the extent of the bond you are likely to qualify for, you will need to ensure that you are able to cover your monthly bond repayments (which you've calculated using the bond calculator on the left) with up to 30% of your monthly income.