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Home loan affordability calculator

The size of home loan you can borrow will depend on your disposable income; the amount of money left over from your salary each month after tax, living expenses and other debt repayments have been taken away. The Justmoney.co.za Mortgage affordability Calculator will show you what size of home loan you could afford, and how much your monthly repayments could be.

What is your net monthly income?
Include your and your partner's total net income from your employer, i.e. after PAYE, pension, medical aid deductions, etc.

What are your total monthly living expenses?
Include your and your partner's spending on groceries, entertainment, clothing, insurance and cell phones etc., but exclude your rental payments if you plan to move into the home you want to buy

What are your total monthly debt repayments?
Include all your and your partner's monthly credit payments, such as credit cards, store cards, loans, car finance, and any other mortgages.

Your results

Your disposable income also called net surplus: net income minus expenses and debt repayments
The largest home loan instalment that you can afford, including a buffer in case the interest rate rises
The largest home loan that you can afford assuming a 11.75% interest rate repaid over 240 months (20 years)

You should always speak to a qualified financial planner before making any significant money decisions. The results provided by these calculators do not constitute legal or financial advice and are used at your own risk.

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