Bond Repayment Calculator
Insert your property purchase price into the Bond Calculator to calculate your total monthly repayment.
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([homeprice]-[downpayment])*([interestrate]/100)/12/(1-Math.pow(1+([interestrate]/100)/12,-([loanterm]*12)))
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The Property Transfer Process
WHO PAYS WHAT?
The following costs are for the PURCHASER'S account
Transfer Cost
This is to be paid to the transferring attorneys attending to the transfer.
Bond Registration Cost
This is to be paid to the registration attorneys attending to the registration of the bond.
Occupational Rent
To be paid to the seller if the purchaser takes occupation before registration of the property takes place.
Transfer Duty
To be paid to SARS.
The following costs are for the SELLER'S account
Property Practitioners Fee
This is to be paid to be agreed on between the Property Practioner and the seller.
Electrical Certificate of Compliance
- This is to be sourced by the seller.
- If relevant, additional certificates may be required, including gas, electric fence, and plumbing certificates.
Rates Clearance Certificate
Includes all amounts owing to the municipality as well as provisions for 60 days advanced amount.
Levy Clearance Certificate
From the Body Corporate or Home Owners Association.
Bond Cancellation Costs
- Paid by the seller to cancel their current bond if one is registered.
- This fee is payable irrespective of the balance on the home loan account balance.