Bond Affordability Calculator
Find out how much home loan you can realistically afford.
FAQs
How is affordability calculated?
Banks primarily look at your monthly surplus (Gross Income minus Expenses). A portion of this surplus determines the maximum monthly bond repayment you can afford, which in turn calculates your maximum loan amount.
Does this guarantee a bond approval?
No. This is an estimate based on a standard formula. Banks will also conduct a detailed credit assessment, verify your income and expenses, and evaluate the property itself before granting a home loan.
What expenses should I include?
Include all your regular monthly costs: car payments, credit card debt, personal loans, insurance, groceries, transport, school fees, and other living expenses. The more accurate your expenses, the better the estimate.
Get a Formal Quote PDF
Need a formal document for your bank application or client? Enter your email to receive a branded PDF breakdown of this calculation including transfer costs and amortization.
- Official Amortization Schedule
- Tax Certificate Format