Find the home loan and house price your salary can support
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How much house can I afford?
Based on your income and current bond rates
R
R
R
%
House price you can afford
R0
including your deposit
R0Max bond
Your affordability
Max repayment (30% of income)R0
Less: existing debt-R0
Available for bondR0
Maximum bond amountR0
Plus your deposit+R0
✓ Affordable house priceR0
⚠An estimate using a 30% repayment-to-income ratio. Banks also assess your credit score, expenses and affordability. Add transfer and bond costs (~8–10% of price) on top.
Home buying costs
→Budget 8–10% extra for transfer duty, bond registration and legal fees.
→A bigger deposit means a smaller bond and lower monthly repayments.
→Banks cap your bond repayment at ~30% of gross income.
→A good credit score can earn you a rate below prime.