![]() ![]() You can also generate a personalised Key Facts Sheet based on your loan. ![]() You will need to apply for a home loan and it is at the discretion of the bank to grant it or not. With our Home Loan Calculator, you can estimate what your repayments would be. Remember that a bond affordability calculator is a useful tool to determine the maximum loan value and monthly repayment that you qualify for but is not a guarantee that you will be granted a home loan. Bond Face Value/Par Value () - The face value of the bond, also known as par value. Your affordability is ultimately based on around 30% of your gross monthly income and on your disposable income. How much can I borrow Use this to calculate the maximum weekly rent you can afford and the maximum bond loan you can borrow based on. Current Bond Trading Price () - The trading price of the bond today. Number of years: Most home loans in South Africa are over 20 years but you may choose a longer or shorter term. Calculate either a bonds price or its yield-to-maturity plus over a dozen other attributes with this full-featured bond calculator.Depending on the bank’s lending criteria you may qualify for a higher or lower rate. Interest Rate: Usually set by default to the prime lending rate. How to Calculate Current Yield We can calculate the yield on a bond investment using the current yield as long as we know the annual cash inflows of the investment and the market price of the security. Bond Yield to Call Calculator Table of Contents show Yield to Call Calculator Inputs Current Bond Trading Price () - The trading price of the bond today.Bond Calculator Solve For:Present Value (PV)Interest/Coupon Payment (PMT)Face Value (FV)Yield to Maturity (YTM)Years to Maturity Present/Current/Par Value (PV) Interest/Coupon (PMT) Face Value (FV) 7. Total Expenses: These are all your monthly expenses like car repayments, internet costs, satellite TV costs Calculate the yield and other financial analysis of bonds using this free tool.Net Income: This is your income after all deductions.Gross Income: This is your total income before deductions like tax, medical aid, and pension.How do banks calculate my bond affordability?īanks usually calculate the home loan amount you qualify for by looking at your: A bond affordability calculator uses your monthly income to determine the maximum home loan amount that you could get from a bank. When planning on buying a home, it is essential to know exactly how much you can afford before you start your property search. ![]()
0 Comments
Leave a Reply. |