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  Calculators > Home Loan Costs & Repayment Calculator. Jeppessen Productions
Calculators
Home Loan Costs & Repayment Calculator.


FACT!

In March 1998
the Interest Rate
was at 18%,
and within
five months
it increased
by 6% in
August 1998
to 24%.

PLEASE NOTE

If you are not sure what the current
Interest Rate is, use this as a guideline:

The Prime Lending Rate at the time of update
of this calculator in May 2011 was 9%.
Always make provisions for an unexpected
hike in the Interest Rate. Do your calculations on the current prime lending rate as well as on a
few percentages higher than the current rate.


The editable input boxes are coloured.



  REQUIRED INFORMATION
 
  Seller is a VAT Vendor    
  Seller is not a VAT Vendor    
         
  Purchase Price R
  Bond Amount R
  Deposit or Cash Amount R
         
       
 
 
  REGISTRATION & TRANSFER COSTS - SUMMARY
 
  Property Transfer Costs R  
  Bond Registration Costs R  
  TOTAL COSTS R  
 
  REGISTRATION & TRANSFER COSTS - IN DETAIL
 
  PROPERTY TRANSFER COSTS
  Purchase Price R
  Transfer Duty (non vatable) R
  Deeds Office Examination Fee R
  Conveyancer Tariff Fee R
  Petties & Sundry Disbursements R
  Deeds Office Search Fee R
  FICA Compliance Fee R
  Electronic Document Generation Fee R
  Rates Clearance Certificate Costs R
  VAT on Conveyancer Tariff Fee R
  TOTAL = R
 
BOND REGISTRATION COSTS
Bond Amount R
  R  
Deeds Office Examination Fee R
Conveyancer Tariff Fee R
Petties & Sundry Disbursements R
Deeds Office Search Fee R
FICA Compliance Fee R
Electronic Document Generation Fee R
     
VAT on Conveyancer Tariff Fee R
TOTAL = R
 

 
PLEASE NOTE:
 
  * Cessions of exclusive use areas in certain sectional title schemes will increase the costs.

* Depending on your local authority, body corporate or managing agent you may be required to provide a contribution to
   levy and/or rates clearance in respect of any portion paid on your behalf in advance.

* You will be charged an Initiation Fee by the Bank. You can expect to pay a base fee of about R 1 000.00 plus an ad valorem fee
   of +/- 0,8% of the value of the loan, up to a maximum of about R 5 700.00.

* If the property purchased is Sectional Title or if a Home Owners Association is involved, to provide for a contribution to levies
   and or home owners association clearance, which provision usually varies from R 3 000.00 to R 5 000.00.
 
 
  BOND REPAYMENT
 
  Edit the coloured values below to calculate different scenarios.
Remember to click on the "Calculate" button after you make a change.
 
  Bond Amount R  
  Interest Rate %  
  Repayment Period yrs
  Monthly Instalment R  
 
  An extra payment per month of... R  
  New monthly instalment R  
  ...Will reduce your payment period to R   yrs  
 
 

 





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Disclaimer: The information provided on this web site is intended to provide you, the user, with objective information about
financial products and services and is not intended to constitute a recommendation, guidance or proposal as regards
the suitability of any product in respect of any financial need you may have.
Calculations made/obtained by means of the calculators, planning tools or other facilities made available on this web site
are for illustrative purposes only and are subject to written confirmation by the product provider at the time of concluding a transaction.
This information was correct at the time of compilation (May 2011).


For calculations to work correctly on this page,
the minimum browser requirement is Internet Explorer 4, Firefox 2 or Netscape 6.

 
 
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