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Savings Goal Calculator
A deposit is the biggest hurdle to buying a home — but a bigger deposit means a smaller bond, lower repayments and less interest over 20 years. Here is how to get there.
How much deposit do you need?
Banks may offer 100% bonds, but a 10% deposit strengthens your application and cuts your repayment. On a R1 million home, that is R100,000 — plus you need transfer and bond costs (around 8–10%) on top.
| House price | 10% deposit | Plus costs (~9%) |
|---|---|---|
| R750,000 | R75,000 | ~R67,500 |
| R1,000,000 | R100,000 | ~R90,000 |
| R1,500,000 | R150,000 | ~R135,000 |
Try it with your own numbers:
Plan your deposit savings →How to save it faster
- Open a separate high-interest or tax-free savings account for the deposit
- Automate a monthly transfer the day after payday
- Bank windfalls — bonuses, tax refunds, 13th cheques
- Cut one big expense temporarily and redirect it
Set your target and monthly amount with the savings goal calculator, then check what you will be able to afford with the home affordability calculator.