What will my bond cost?
Your monthly repayment, transfer duty and the cash you need to buy.
Monthly repaymentR18 274- Bond amount
- R1 800 000
- Total interest over 20 years
- R2 585 789
- Gross income banks usually look for
- R60 914 / month
Rule of thumb: repayments of about 30% of gross monthly income. Cash you need upfront
- Deposit
- R200 000
- Transfer duty (SARS)
- R33 786
- Transfer attorney and Deeds Office (estimate)
- R46 706
- Bond registration (estimate)
- R43 768
- Total upfront
- R324 260
Transfer duty uses the current SARS table (no duty up to R1 210 000). Attorney and registration costs are rough estimates including VAT. Ask your conveyancer for an exact quote.