Matriarch Real Estate
Bond & transfer cost calculator
Your numbers
R1 795 000
R
R179 500 · 10%
R
Deposit cannot be more than the purchase price.
10.50%
Prime is currently 10.50%. Your bank may offer prime, or prime plus or minus a margin.
20 years
R0
R
Rates used
- Prime lending rate
- 10.50%
- Repo rate
- 7.00%
- Transfer duty starts above
- R1 210 000
- VAT on attorney fees
- 15%
- Affordability guide
- 30% of gross
Monthly repayment
R16 129
On a bond of R1 615 500 over 20 years at 10.50%
- Bond amountR1 615 500
- Total interest over the termR2 255 419
- Total you will repayR3 870 919
- Gross monthly income usually needed Banks generally lend where the repayment is under 30% of gross income R53 763
Once-off costs to buy this property
- Transfer duty (SARS)R21 486
- Transfer attorney fee, incl. VATR39 968
- Deeds office, transferR824
- Bond registration fee, incl. VATR39 968
- Deeds office, bondR824
- Disbursements, incl. VAT FICA checks, searches, courier, e-filing R5 750
- Total once-off costsR108 820
- Cash needed up front Deposit plus all costs above R288 320
Attorney fees follow the Law Society recommended guideline and are an estimate only — the conveyancer appointed by the seller sets the actual figure. Transfer duty is not payable where the seller is a VAT vendor and the sale is subject to VAT.
Know what you qualify for before you offer
We arrange bond pre-approval, usually turned around inside 48 hours. It costs you nothing and it puts you ahead of buyers who have not done it.
