LIFE Residential has accurate bond calculators for your convenience

Whether you need to work out if you can afford a particular mortgage or learn the exact breakdown of what you’re currently paying, the bond calculators online at the LIFE Residential website are extremely useful tools. Now it’s no longer a complicated issue to decide what Cape Town property you can afford to buy.

Bond status and monthly mortgage installment calculators are more than just helpful when you want to work out what is affordable on your salary and for how long you’ll have to make repayments. Contact LIFE Residential today for more information on our property listings and to talk to our experts about a complete breakdown on home loans and repayments.

Get all the figures for your mortgage repayment

On the LIFE Residential website, you’ll find the following useful calculators:

• Minimum Income Calculator – This will provide you with the lowest amount you need to earn in order to afford a particular bond. By inputting the full amount of the home loan you require and the repayment period, minimum income calculators will tell you how much you’ll be paying each month and provide a guide as to how much your salary should be in order for this to be feasible.
• Monthly Installment Calculator – You can use this one to work out the figure you’ll have to pay each month, as well as what portion of that amount is interest on your loan. This calculator also gives you the overall amount you’ll have paid once you’ve finished repaying the bond.
• Increased Installment Calculator – If you find yourself in the position to pay more than the agreed upon monthly fee, you can use this calculator to work out how much you’ll save in the long run if you add a specific amount to your repayments. It will also show you the reduction in the repayment period.
• Maximum Loan Calculator – This is the perfect tool to help you work out exactly what you can afford on your current salary. Using a mortgage calculator such as this reality check which will help you to find properties that you can actually pay for.
• Bond Status Calculator – If you need to know where you stand in terms of repayments and how long you still have to go before you complete the contract then this is the tool you need. This information is particularly helpful if you’re looking to sell your property.

Don’t over-extend your budget on property in Cape Town

The bond calculators online at the LIFE Residential website provide the basic figures to use when budgeting for a property purchase. Remember, the amounts you see on the calculators are guidelines to help you work out the affordability of a property. Contact LIFE Residential today for a full break down of prices and repayments on the different properties we have listed.