Bond + First Home Finance Subsidy Calculator – South Africa
Instantly find out how much you could afford for your first home in South Africa by combining your bank bond amount, First Home Finance subsidy, and any deposit you have saved. This tool is designed for first-time buyers to understand their total buying power.
Disclaimer: This calculator provides an estimated amount based on your inputs. Actual amounts may vary depending on your official bond application and First Home Finance subsidy approval.
What is the Bond + First Home Finance Subsidy Calculator?
This tool combines your bank bond affordability with the First Home Finance subsidy to show you exactly how much you could afford to buy your first home in South Africa. It's perfect for first-time buyers who want to understand their total buying power before starting their property search.
How Does This Home Buying Power Calculator Work?
Our calculator works by taking your monthly gross income, estimating your maximum bank bond amount, adding any deposit you have saved, and then including the First Home Finance subsidy you may qualify for. The result is your total estimated buying power in the current property market.
Why Use This Calculator?
Many South Africans don’t realise how much the government subsidy can boost their buying power. By knowing your total budget upfront, you can shop for properties with confidence, avoid wasting time on homes outside your price range, and increase your chances of getting approved for finance.
Who Can Use the Calculator?
- ✔️ First-time home buyers in South Africa
- ✔️ South African citizens or permanent residents
- ✔️ Earning R3,501 or more gross monthly income
- ✔️ People planning to use the First Home Finance subsidy
Next Steps
Once you know your total affordability, the next step is to get pre-qualified. This will confirm your exact bond amount and subsidy eligibility, allowing you to confidently make offers on properties.
Frequently Asked Questions
How much bond can I afford?
Generally, you can afford a bond worth around 30% of your gross monthly income, adjusted for expenses and interest rates. Our calculator does this for you.
How does the First Home Finance subsidy work?
The First Home Finance subsidy gives qualifying first-time buyers a once-off payment from the South African government that can be used as a deposit or to reduce the home loan amount.
Can I use the subsidy to buy any property?
Yes, as long as it’s a residential property and you meet the First Home Finance eligibility requirements, including being a first-time buyer and earning R3,501 or more per month.