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Tanoluxe

Mortgage Calculator

Calculate your monthly mortgage payments and assess affordability for your dream home purchase

Property & Loan Details

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Deposit Amount: R200,000
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Affordability Assessment

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Include all monthly debts, living expenses, insurance, etc.

Payment Calculation

Affordability Status

Excellent
Well within affordable range
0.0%
Monthly Income:R50,000
Monthly Expenses:-R15,000
Mortgage Payment:-R0
Disposable Income:R35,000

Banking Guidelines

  • • Mortgage payment should not exceed 30-35% of gross income
  • • Banks typically require a minimum 10% deposit
  • • Good credit score improves approval chances
  • • Consider additional costs: transfer fees, bond registration, insurance

Additional Purchase Costs

Transfer Fees (approx.):R20,000
Bond Registration:R0
Attorney Fees:R15,000 - R25,000
Home Insurance (monthly):R800 - R2,000
Estimated Total Additional:R50,000

Ready to Get Pre-Approved?

Take the next step in your home buying journey. Get pre-approved to know your exact budget and show sellers you're a serious buyer.