Residential Property Affordability Calculator
Use this calculator to estimate the monthly repayment your current financial position could support, the approximate finance amount that repayment may represent, and the property price you could consider once your deposit is included. Adjust the assumptions to see how income, existing debt, living expenses, deposit and interest rates affect the result.
This calculator provides indicative planning estimates only and does not represent a lender affordability assessment, quotation, pre-approval or approval.
Residential Property Affordability
What property price could you realistically consider?
Estimate the monthly repayment your current financial position could support, the approximate finance amount that repayment may represent, and how your deposit and interest rates affect the property price you could consider.
Adjust the sliders or enter your exact figures. Results update instantly.
Your financial position
Approximate figures are fine — you can refine them at any time.
Income before tax and deductions for everyone contributing to the application.
Approximate income received after tax and normal payroll deductions.
Net income would normally not exceed gross income. Please check the values entered.
Include vehicle finance, personal loans, credit agreements and other regular debt repayments.
Your approximate recurring household and living expenses, excluding the proposed new home-loan repayment.
Your living expenses and debt repayments currently exceed your net monthly income.
Cash you intend contributing towards the property purchase.
Your property finance assumptions
These are planning assumptions for this calculator, not lender rules.
The percentage of gross household income used as an affordability planning limit. This is an assumption for this calculator, not a lender rule.
The annual interest rate used for this estimate. Actual rates offered vary between finance providers.
The period over which the finance would be repaid.
Indicative property price
R2,184,000
Based on an indicative finance amount of R1,984,000 plus your R200,000 deposit.
Estimated monthly repayment capacity
R15,000
Indicative finance amount
R1,502,000
Available deposit
R200,000
How we estimated your affordability
Two measures, and we use the lower one.
We compared an income-based repayment limit with the disposable income remaining after your stated living expenses and existing debt commitments. The lower amount was used as the estimated repayment capacity.
Income-based repayment limit
R15,000
30% of R75,000 gross income, less R7,500 existing debt repayments.
Currently the lower limitDisposable-income repayment limit
R22,500
R55,000 net income, less R25,000 living expenses and R7,500 existing debt repayments.
Currently the lower limitYour current affordability is primarily limited by the selected income-based repayment ratio.
Monthly position
Your month, with the proposed repayment included.
A simple view of where the estimated repayment would sit alongside your stated income and commitments.
- Gross household income R75,000
- Net household income R55,000
- Living expenses R25,000
- Existing debt repayments R7,500
- Proposed home-loan repayment R15,000
- Estimated amount remaining after expenses, debt and proposed repayment R7,500
Your entered expenses and commitments leave insufficient monthly cash flow for this scenario.
What if interest rates change?
The same repayment supports a different amount of finance.
If your affordable monthly repayment stays the same, a change in interest rates changes the amount of finance that repayment can support.
Rate stress test
Deposit impact
What difference could a larger deposit make?
Your indicative finance amount stays the same in this comparison. Only the property price you could consider changes.
This does not change your main calculator inputs.
DifferenceSame as your current deposit.
Already have a property price in mind?
Compare a specific property price with this estimate.
Enter a price you are considering and we will show how the estimated repayment compares with the affordability range calculated above.
Your deposit is deducted to establish the finance that would be required.
Comparison
What these numbers tell you
A plain reading of your estimate.
How this estimate works
The calculator uses two affordability measures. First, it applies your selected planning repayment ratio to gross household income and allows for existing debt repayments. Second, it considers the disposable income remaining after the living expenses and existing debt repayments you entered. The lower repayment amount is then used to estimate the finance that repayment could support at the selected interest rate and term.
This methodology is for planning purposes and does not reproduce any individual finance provider's affordability model. A lender will make its own affordability assessment.
Want to understand what this means for your property finance?
Affordability is only one part of a residential finance application. We can help assess your situation, structure the requirement and position the case before it moves into the appropriate formal application process.
Start with your situationThis calculator provides indicative estimates for general planning purposes only. It does not replicate any particular lender's affordability assessment. Actual affordability, interest rates, loan-to-value requirements, fees, credit criteria and lending decisions vary between finance providers. Results do not constitute financial advice, a quotation, pre-approval or an indication that finance will be approved.
Property purchase costs such as transfer duty, transfer fees, bond registration costs and other transaction costs are not included unless specifically entered elsewhere.
LookingForFinance assesses, structures and positions your finance requirement. Qualifying applications are referred to suitable regulated financial services providers.
START THE CONVERSATION
Whether you are still planning or need finance now, tell us what you are trying to achieve and where you are in the process. We’ll help you understand your position, identify what needs attention and determine the most sensible next step.
No obligation. No long application form. Start with a conversation.
Joe Meyer
email:
WhatsApp:
060 016 5253
TELL ME ABOUT YOUR SITUATION
Tell us what you're planning and where you are in the process. It only takes a minute or two, and gives us the context to continue the conversation with purpose.
LookingForFinance assesses, structures and positions your finance requirement. Qualifying applications are referred to suitable regulated financial services providers.
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