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Bond Calculators
This bond calculator enables users to calculate the monthly bond repayment that is required based on a user defined bond amount (property purchase price less deposit amount), annual interest rate percentage and a bond period in years. The calculated results also include the total bond repayments over the entire bond period, the total interest that is incurred over the entire bond period as well as the monthly bond repayments based on a 15 and 30 year bond period and annual interest rates that are 1% more and 1% less than the specified bond interest rate.
This bond calculator enables users to calculate an estimated bond qualification amount based on what they can afford. Bond affordability is determined by the estimated monthly net disposable income (as required by the National Credit Act) which is defined by specifying a monthly combined gross remuneration amount and income from other sources less total salary deductions, total monthly expenses and monthly finance costs. Note that if the net disposable income that is calculated is more than 30% of the total gross remuneration, the bond qualification amount is based on a 30% repayment to income ratio (as applied by most financial institutions). The annual bond interest rate and bond period also affect the calculation of the bond qualification amount and the calculator includes an interest rate buffer percentage which is used to measure the sensitivity of the bond affordability calculation to interest rate changes.
This bond calculator enables users to calculate the minimum monthly net disposable income that is required in order to qualify for a user defined bond amount. The calculation is based on the bond amount (property purchase price less deposit amount), annual bond interest rate and bond period that are specified by the user. A net disposable income percentage can also be entered in order to calculate the required gross monthly income amount. The minimum net disposable income that is calculated is based on the required monthly bond repayment.
This bond calculator enables users to calculate the amount of interest that can be saved by increasing the monthly required bond repayment by a user defined additional repayment amount. The calculation is based on the bond amount (property purchase price less deposit amount), annual bond interest rate, bond period and the additional payment amount. An average annual inflation rate can also be specified in order to calculate the present value of the interest saving. The calculated results include the adjusted bond period in months and years, the total bond repayments and interest over the original and adjusted bond periods and the interest savings amount and present value.
The bond amortisation table enables users to view a comprehensive analysis of bond repayments, interest charges, capital repayments and outstanding bond balances over the entire bond period. The table is calculated based on the bond amount (property purchase price less deposit amount), annual bond interest rate and bond period that is specified by the user and includes the monthly bond repayments, interest charges, capital repayments and outstanding bond balances. The percentage capital that is outstanding after each monthly bond repayment is also included in a separate column and indicates how the outstanding capital amount is reduced over the bond period.
This calculator enables users to calculate an accurate estimate of the transfer & bond costs that will be incurred when buying a property. The calculation is based on the property purchase price and bond amount (property purchase price less deposit amount) which is specified by the user and includes transfer duties, transfer fees, deed office levies, bond registration fees and other transfer & bond related costs. Note that the transfer & bond registration costs that are calculated should be seen as estimates only - actual charges may therefore differ from these estimates.
This bond calculator enables users to calculate the interest savings that result from making bi-weekly bond repayments instead of monthly bond repayments. The calculation is based on the bond amount (property purchase price less deposit amount), annual bond interest rate and bond period that is specified by the user and indicates the total bond repayments and total interest over the original and adjusted bond periods as well as the total interest savings. For the purpose of the calculation, it is assumed that the original required bond repayment amount remains unchanged and that the additional bi-weekly bond repayment is allocated against the outstanding capital balance of the bond.
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