Bond Calculator

Excel
Excel Skills
Skills || Bond
Bond Calculator
Calculator Template
Template
About
About this
this template
template
Bond
Bond calculators
calculators are
are sometimes
sometimes also
also referred
referred to
to as
as home
home loan
loan calculators
calculators or
or mortgage
mortgage calculators.
calculators. The
The aim
aim of
of this
this fre
fr
users
to
calculate
monthly
bond
repayments,
determine
the
affordability
of
a
home
loan,
calculate
the
interest
savings
users to calculate monthly bond repayments, determine the affordability of a home loan, calculate the interest savings t
instalments
instalments and
and measure
measure the
the sensitivity
sensitivity of
of bond
bond repayments
repayments to
to changes
changes in
in interest
interest rates.
rates. After
After using
using this
this templat
templa
understanding
understanding of
of home
home loan
loan amortization
amortization and
and specifically
specifically the
the timing
timing of
of capital
capital repayments
repayments on
on aa bond.
bond.
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About our
our unique
unique templates
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Our
Our unique,
unique, practical
practical templates
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produce results
results that
that are
are more
more comparable
comparable to
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solutions than
than regular
regular Excel
Excel tem
te
only
only contain
contain limited
limited functionality
functionality but
but our
our templates
templates produce
produce complex
complex automated
automated reports
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user input.
input. Y
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Excel skills
skills in
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ste
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forms part
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tgage calculators.
rtgage
calculators. The
The aim
aim of
of this
this free
free Excel
Excel template
template is
is to
to enable
enable
loan,
calculate
the
interest
savings
that
result
from
increased
loan, calculate the interest savings that result from increased bond
bond
erest
erest rates.
rates. After
After using
using this
this template,
template, you
you will
will also
also gain
gain aa better
better
ments on
yments
on aa bond.
bond.
ware
ware solutions
solutions than
than regular
regular Excel
Excel templates.
templates. Most
Most Excel
Excel templates
templates
eports
eports based
based on
on limited
limited user
user input.
input. You
You also
also don't
don't need
need advanced
advanced
input
input and
and include
include comprehensive
comprehensive step
step by
by step
step instructions.
instructions.
which
which features
features accounting
accounting in
in Excel,
Excel, cash
cash flow
flow projections,
projections, business
business
isit the
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re
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Excel Skills | Bond Calculator Template

Instructions
www.excel-skills.com
Bond calculators are sometimes also referred to as home loan calculators or mortgage calculators. The aim of this free Excel
template is to enable users to calculate monthly bond repayments, determine the affordability of a home loan, calculate the interest
savings that result from increased bond instalments and measure the sensitivity of bond repayments to changes in interest rates.
After using this template, you will also gain a better understanding of home loan amortization and specifically the timing of capital
repayments on a bond.
The following sheets are included in this template:
BondCalculator Sheet
All the calculations in this template are based on the values that are entered in the input cells from cell B4 to B9 on the
BondCalculator sheet (except for the net disposable income calculation). Input guidance is displayed below the selected input cell.
We have also added data validation to all input cells to ensure that only valid user input is accepted.
Calculation Results:
The monthly bond repayment amount is calculated from the bond principle amount (cell B4), bond period (cell B6) and the annual
interest rate (cell B5).
The total interest paid over the entire bond period is the total amount of interest that will have to be paid over the entire bond period.
The total bond repayment over the bond period is the sum of all the monthly bond repayment amounts. This amount consists of all
interest charges and capital repayments.
The monthly net disposable Income is calculated on the NetDisposable sheet - refer to this sheet for more information on the
calculation.
The maximum bond qualification amount is calculated based on the net disposable income, annual interest rate and bond period. It
represents an estimate of the maximum bond amount that applicants can qualify for based on their combined monthly net
disposable income. There are a number of other factors that financial institutions will consider when determining the maximum bond
qualification amount - our calculation should therefore only be seen as an estimate which cannot be guaranteed.
The minimum required net disposable income is the minimum net disposable income that is required in order to qualify for the bond
principle amount that is entered in cell B4.
The interest rate safety percentage indicates the percentage by which interest rates have to increase before the monthly net
disposable income would not be sufficient to cover the required monthly bond repayments.
The increased instalment calculations in row 21 to 26 are based on the additional monthly bond repayment that is entered in cell
B7. The assumption is made that the entire additional bond repayments are deducted from the outstanding capital balance, thereby
resulting in a shorter bond repayment period. Note that the present value of the interest saving is calculated by discounting the
monthly interest savings by the average annual inflation rate over the entire bond period. It therefore represents the value of future
interest savings in today's monetary terms.
The interest rate sensitivity calculation measures the effect that changes in the bond interest rate have on monthly bond
repayments. The interest rate sensitivity percentage that is entered in cell B8 is used for this purpose.
The capital repayment chart is a visual display of the timing of capital repayments over the entire bond period.
The increased instalment interest saving chart is a visual display of the interest savings that result from effecting increased monthly
bond repayments.
NetDisposable Sheet
This sheet includes a detailed calculation of the monthly net disposable income. All values should be entered as positive values.
Refer to the guidance that has been included from row 38 downwards for more information on the input that is required in each
input cell.
AnnualAmort Sheet
This sheet includes an annual amortization table that is based on the bond input values that are entered in cell B4 to B6 on the
BondCalculator sheet. We recommend that you pay special attention to the outstanding capital percentage in column G as it
indicates how the capital will be repaid over the entire bond period. You'll notice that during the first few years of the bond
repayment period, the monthly bond repayments consist almost entirely of interest.
MonthAmort Sheet
This sheet includes a monthly amortization table that is based on the bond input values that are entered in cell B4 to B6 on the
BondCalculator sheet.
Help
If you experience any difficulty while using this template, please e-mail us at support@excel-skills.com for assistance.
Page 3 of 13
Bond Calculator
Input Variables
Bond Amount
Annual Interest Rate
Bond Period in Years
Additional Monthly Bond Repayment
Annual Interest Rate Sensitivity
Average Annual Inflation Rate
Capital Repayment
1,200,000.00
1,000,000.00
10.50%
20
2,000.00
11.0%
Capital Repayment
1,000,000.00
800,000.00
600,000.00
6.0%
400,000.00
Calculation Results
Monthly Bond Repayment
9,983.80
Total Interest over Bond Period
1,396,111.73
Total Bond Repayment over Bond Period
2,396,111.73
Net Disposable Income

Maximum Bond Qualification Amount
Interest Rate Safety
0.02%
Adjusted Bond Repayment Period (in months)

Adjusted Bond Repayment Period (in years)
11,983.80
801,855.66
150.36
12.53
Interest Saving
594,256.07
Present Value of Interest Saving
301,082.27
9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Increased Instalment - Interest Saving
1,001,622.74
9,984
Total Adjusted Interest over Bond Period
Years -
10,000
Minimum Required Net Disposable Income
Increased Instalment Repayment Amount
200,000.00
Increased Instalment
Amortization
1,600,000.00
1,400,000.00
1,200,000.00
1,000,000.00
800,000.00
600,000.00
400,000.00
Monthly Bond Repayment @ 10.50%

Monthly Bond Repayment @ 11.0%
Monthly Difference
9,983.80
10,321.88
338.09
200,000.00
Years
Page 4 of 13
9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Net Disposable Income Calculation
Remuneration
Gross Salary
Operational Expenses
1
Rent Paid
18
Bond Repayments
42
Subsidies Received
Water, Electricity & Services
19
Personal Loan Instalments
43
Commission Received
Rates & Taxes
20
Financing - Motor Vehicles
44
Total Allowances
Repairs & Maintenance
21
Financing - Computers
45
Other
Levies Paid
22
Financing - Furniture
46
Telephone / Cell Phone / Internet
23
Credit Card Repayments
47
Insurance - Short Term
24
Bank Charges
48
49
Total Gross Remuneration
10,000
Financing Expenses
10,000
Deductions
Pension
Insurance - Life
25
Other
Medical Aid
Medical Costs
26
Total Financing Expenses
Retirement Annuity
Investments - Retirement Annuities
27
Income Tax (PAYE)
Investments - Other
28
Unemployment Fund (UIF)
10
Donations
29
Skills Development Levy (SDL)
11
Education
30
Other Deductions
12
Fuel & Vehicle Maintenance
31
Total Deductions
Television Rental
32
Memberships
33
Subscriptions
34
Domestic Wages
35
Net Remuneration
10,000
13
Other Income
Dividend Income
14
Gardening
36
Rental Income
15
Groceries
37
Maintenance
16
Clothing
38
Monthly Pension
17
Entertainment
39
Total Other Income
Maintenance Payments
40
Other
41
Total Operational Expenses

Net Remuneration
10,000
Add: Other Income
Less: Operational Expenses
Less: Financing Expenses
Net Disposable Income
10,000
Input Field Guidance

1
Enter the combined monthly gross household salaries
Enter total of all subsidies received as part of remuneration, e.g.. housing subsidy
Enter the average monthly commission received
Enter the total monthly allowances received as part of remuneration, e.g.. travel allowance, cell phone allowance, etc.
Enter the total of any other remuneration received
Enter the total monthly pension fund deductions
Enter the total monthly medical aid deductions
Enter the total monthly retirement annuity contributions
Enter the total monthly income tax deducted
10
Enter the total UIF deducted
11
Enter the total SDL deducted
Page 5 of 13
On
On this
this sheet:
sheet:
Simply
Simply enter
enter the
the appropriate
appropriate values
values in
in the
the yellow
yellow
input
input cells
cells in
in order
order to
to calculate
calculate your
your monthly
monthly net
net
disposable
disposable income.
income. All
All input
input values
values need
need to
to be
be
entered
entered as
as positive
positive values
values and
and guidance
guidance on
on the
the user
user
input
input that
that is
is required
required in
in all
all the
the input
input cells
cells can
can be
be
found
found from
from row
row 38
38 downwards.
downwards.
12
Enter the total of all other deductions, e.g.. funeral plan
13
This amount represents the monthly combined net remuneration
14
Enter the average monthly dividend income
15
Enter the monthly average rental income received from existing buy to let properties
16
Enter monthly maintenance amount received from a previous spouse
17
Enter the total monthly pension received
18
Enter the total monthly rent paid. If a primary residence is being acquired and a property is currently being rented, the rent amount should be excluded from the calculation
19
Enter the monthly average for water, electricity and services paid to local government
20
Enter the monthly rates and taxes paid on properties owned
21
Enter the average monthly repairs and maintenance on existing properties
22
Enter the monthly levy payable to a body corporate for properties that form part of a complex
23
Enter the average monthly telephone, cell phone and internet expense
24
Enter the current monthly insurance premium
25
Enter the current monthly life insurance premium
26
Enter the average monthly medical costs that are not covered by a medical aid
27
Enter the total monthly premiums associated with retirement annuities
28
Enter the average monthly payments relating to other investments
29
Enter the average monthly donations amount
30
Enter the average monthly education cost, e.g.. school fees
31
Enter the average monthly vehicle fuel and maintenance costs
32
Enter the monthly subscription fee applicable to television / cable rentals
33
Enter the monthly average membership cost, e.g.. gym membership
34
Enter the total monthly subscription fees applicable to newspapers, magazines, etc.
35
Enter the total monthly domestic wages, e.g.. housekeeper wages, gardener wages, etc.
36
Enter the average monthly cost associated with gardening services / landscaping
37
Enter the average monthly grocery spend
38
Enter the average monthly clothing spend
39
Enter the average monthly cost associated with entertainment, take-outs and restaurants
40
Enter a monthly total for maintenance payments relating to estranged spouses and dependents
41
Enter total monthly cost of any other expense items that do not form part of any of the other categories
42
Enter a monthly total for existing bond repayments
43
Enter a monthly total for personal loan repayments
44
Enter a monthly total for motor finance repayments
45
Enter a monthly total for computer finance repayments
46
Enter a monthly total for furniture finance repayments
47
Enter a monthly total for credit card repayments
48
Enter the average monthly combined bank charges
49
Enter a total for any other financing payments that do not form part of the other financing cost categories
Note: If you're experiencing any difficulty in completing this spreadsheet, we recommend using our Personal Finance template to analyze your monthly household expenses.
Page 6 of 13
Annual Amortization Table

Years
Opening
Balance
Loan
Repayment
Interest
Charged
Capital Repaid
Closing
Balance
% Capital
Outstanding
1,000,000.00
119,805.59
104,266.28
15,539.30
984,460.70
98.4%
984,460.70
119,805.59
102,553.80
17,251.79
967,208.91
96.7%
967,208.91
119,805.59
100,652.59
19,152.99
948,055.92
94.8%
948,055.92
119,805.59
98,541.87
21,263.72
926,792.20
92.7%
926,792.20
119,805.59
96,198.53
23,607.05
903,185.14
90.3%
903,185.14
119,805.59
93,596.95
26,208.63
876,976.51
87.7%
876,976.51
119,805.59
90,708.67
29,096.91
847,879.60
84.8%
847,879.60
119,805.59
87,502.09
32,303.50
815,576.10
81.6%
815,576.10
119,805.59
83,942.13
35,863.45
779,712.65
78.0%
10
779,712.65
119,805.59
79,989.86
39,815.73
739,896.92
74.0%
11
739,896.92
119,805.59
75,602.03
44,203.56
695,693.36
69.6%
12
695,693.36
119,805.59
70,730.64
49,074.94
646,618.42
64.7%
13
646,618.42
119,805.59
65,322.41
54,483.17
592,135.25
59.2%
14
592,135.25
119,805.59
59,318.18
60,487.41
531,647.84
53.2%
15
531,647.84
119,805.59
52,652.26
67,153.33
464,494.52
46.4%
16
464,494.52
119,805.59
45,251.73
74,553.85
389,940.66
39.0%
17
389,940.66
119,805.59
37,035.64
82,769.95
307,170.72
30.7%
18
307,170.72
119,805.59
27,914.11
91,891.48
215,279.24
21.5%
19
215,279.24
119,805.59
17,787.35
102,018.24
113,261.00
11.3%
20
113,261.00
119,805.59
6,544.59
113,261.00
0.0%
21
0.0%
22
0.0%
23
0.0%
24
0.0%
25
0.0%
26
0.0%
27
0.0%
28
0.0%
29
0.0%
30
0.0%
Page 7 of 13
Monthly Amortization Table

Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Capital Repaid
Closing
Balance
% Capital
Outstanding
1,000,000.00
9,983.80
8,750.00
1,233.80
998,766.20
99.88%
998,766.20
9,983.80
8,739.20
1,244.59
997,521.61
99.75%
997,521.61
9,983.80
8,728.31
1,255.48
996,266.12
99.63%
996,266.12
9,983.80
8,717.33
1,266.47
994,999.65
99.50%
994,999.65
9,983.80
8,706.25
1,277.55
993,722.10
99.37%
993,722.10
9,983.80
8,695.07
1,288.73
992,433.37
99.24%
992,433.37
9,983.80
8,683.79
1,300.01
991,133.36
99.11%
991,133.36
9,983.80
8,672.42
1,311.38
989,821.98
98.98%
989,821.98
9,983.80
8,660.94
1,322.86
988,499.12
98.85%
10
988,499.12
9,983.80
8,649.37
1,334.43
987,164.69
98.72%
11
987,164.69
9,983.80
8,637.69
1,346.11
985,818.58
98.58%
12
985,818.58
9,983.80
8,625.91
1,357.89
984,460.70
98.45%
13
984,460.70
9,983.80
8,614.03
1,369.77
983,090.93
98.31%
14
983,090.93
9,983.80
8,602.05
1,381.75
981,709.18
98.17%
15
981,709.18
9,983.80
8,589.96
1,393.84
980,315.33
98.03%
16
980,315.33
9,983.80
8,577.76
1,406.04
978,909.29
97.89%
17
978,909.29
9,983.80
8,565.46
1,418.34
977,490.95
97.75%
18
977,490.95
9,983.80
8,553.05
1,430.75
976,060.20
97.61%
19
976,060.20
9,983.80
8,540.53
1,443.27
974,616.93
97.46%
20
974,616.93
9,983.80
8,527.90
1,455.90
973,161.03
97.32%
21
973,161.03
9,983.80
8,515.16
1,468.64
971,692.39
97.17%
22
971,692.39
9,983.80
8,502.31
1,481.49
970,210.89
97.02%
23
970,210.89
9,983.80
8,489.35
1,494.45
968,716.44
96.87%
24
968,716.44
9,983.80
8,476.27
1,507.53
967,208.91
96.72%
25
967,208.91
9,983.80
8,463.08
1,520.72
965,688.19
96.57%
26
965,688.19
9,983.80
8,449.77
1,534.03
964,154.16
96.42%
27
964,154.16
9,983.80
8,436.35
1,547.45
962,606.71
96.26%
28
962,606.71
9,983.80
8,422.81
1,560.99
961,045.72
96.10%
29
961,045.72
9,983.80
8,409.15
1,574.65
959,471.07
95.95%
30
959,471.07
9,983.80
8,395.37
1,588.43
957,882.65
95.79%
31
957,882.65
9,983.80
8,381.47
1,602.33
956,280.32
95.63%
32
956,280.32
9,983.80
8,367.45
1,616.35
954,663.98
95.47%
33
954,663.98
9,983.80
8,353.31
1,630.49
953,033.49
95.30%
34
953,033.49
9,983.80
8,339.04
1,644.76
951,388.73
95.14%
35
951,388.73
9,983.80
8,324.65
1,659.15
949,729.58
94.97%
36
949,729.58
9,983.80
8,310.13
1,673.67
948,055.92
94.81%
37
948,055.92
9,983.80
8,295.49
1,688.31
946,367.61
94.64%
38
946,367.61
9,983.80
8,280.72
1,703.08
944,664.53
94.47%
39
944,664.53
9,983.80
8,265.81
1,717.98
942,946.54
94.29%
40
942,946.54
9,983.80
8,250.78
1,733.02
941,213.53
94.12%
41
941,213.53
9,983.80
8,235.62
1,748.18
939,465.34
93.95%
42
939,465.34
9,983.80
8,220.32
1,763.48
937,701.87
93.77%
43
937,701.87
9,983.80
8,204.89
1,778.91
935,922.96
93.59%
44
935,922.96
9,983.80
8,189.33
1,794.47
934,128.49
93.41%
45
934,128.49
9,983.80
8,173.62
1,810.17
932,318.31
93.23%
46
932,318.31
9,983.80
8,157.79
1,826.01
930,492.30
93.05%
47
930,492.30
9,983.80
8,141.81
1,841.99
928,650.31
92.87%
48
928,650.31
9,983.80
8,125.69
1,858.11
926,792.20
92.68%
49
926,792.20
9,983.80
8,109.43
1,874.37
924,917.83
92.49%
50
924,917.83
9,983.80
8,093.03
1,890.77
923,027.06
92.30%
51
923,027.06
9,983.80
8,076.49
1,907.31
921,119.75
92.11%
52
921,119.75
9,983.80
8,059.80
1,924.00
919,195.75
91.92%
53
919,195.75
9,983.80
8,042.96
1,940.84
917,254.91
91.73%
54
917,254.91
9,983.80
8,025.98
1,957.82
915,297.10
91.53%
55
915,297.10
9,983.80
8,008.85
1,974.95
913,322.15
91.33%
56
913,322.15
9,983.80
7,991.57
1,992.23
911,329.92
91.13%
57
911,329.92
9,983.80
7,974.14
2,009.66
909,320.26
90.93%
58
909,320.26
9,983.80
7,956.55
2,027.25
907,293.01
90.73%
59
907,293.01
9,983.80
7,938.81
2,044.99
905,248.02
90.52%
60
905,248.02
9,983.80
7,920.92
2,062.88
903,185.14
90.32%
61
903,185.14
9,983.80
7,902.87
2,080.93
901,104.22
90.11%
Page 8 of 13

Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Capital Repaid
Closing
Balance
% Capital
Outstanding
62
901,104.22
9,983.80
7,884.66
2,099.14
899,005.08
89.90%
63
899,005.08
9,983.80
7,866.29
2,117.50
896,887.57
89.69%
64
896,887.57
9,983.80
7,847.77
2,136.03
894,751.54
89.48%
65
894,751.54
9,983.80
7,829.08
2,154.72
892,596.82
89.26%
66
892,596.82
9,983.80
7,810.22
2,173.58
890,423.24
89.04%
67
890,423.24
9,983.80
7,791.20
2,192.60
888,230.65
88.82%
68
888,230.65
9,983.80
7,772.02
2,211.78
886,018.87
88.60%
69
886,018.87
9,983.80
7,752.67
2,231.13
883,787.73
88.38%
70
883,787.73
9,983.80
7,733.14
2,250.66
881,537.08
88.15%
71
881,537.08
9,983.80
7,713.45
2,270.35
879,266.73
87.93%
72
879,266.73
9,983.80
7,693.58
2,290.22
876,976.51
87.70%
73
876,976.51
9,983.80
7,673.54
2,310.25
874,666.26
87.47%
74
874,666.26
9,983.80
7,653.33
2,330.47
872,335.79
87.23%
75
872,335.79
9,983.80
7,632.94
2,350.86
869,984.93
87.00%
76
869,984.93
9,983.80
7,612.37
2,371.43
867,613.50
86.76%
77
867,613.50
9,983.80
7,591.62
2,392.18
865,221.32
86.52%
78
865,221.32
9,983.80
7,570.69
2,413.11
862,808.20
86.28%
79
862,808.20
9,983.80
7,549.57
2,434.23
860,373.98
86.04%
80
860,373.98
9,983.80
7,528.27
2,455.53
857,918.45
85.79%
81
857,918.45
9,983.80
7,506.79
2,477.01
855,441.44
85.54%
82
855,441.44
9,983.80
7,485.11
2,498.69
852,942.75
85.29%
83
852,942.75
9,983.80
7,463.25
2,520.55
850,422.20
85.04%
84
850,422.20
9,983.80
7,441.19
2,542.60
847,879.60
84.79%
85
847,879.60
9,983.80
7,418.95
2,564.85
845,314.74
84.53%
86
845,314.74
9,983.80
7,396.50
2,587.29
842,727.45
84.27%
87
842,727.45
9,983.80
7,373.87
2,609.93
840,117.52
84.01%
88
840,117.52
9,983.80
7,351.03
2,632.77
837,484.75
83.75%
89
837,484.75
9,983.80
7,327.99
2,655.81
834,828.94
83.48%
90
834,828.94
9,983.80
7,304.75
2,679.05
832,149.89
83.21%
91
832,149.89
9,983.80
7,281.31
2,702.49
829,447.40
82.94%
92
829,447.40
9,983.80
7,257.66
2,726.13
826,721.27
82.67%
93
826,721.27
9,983.80
7,233.81
2,749.99
823,971.28
82.40%
94
823,971.28
9,983.80
7,209.75
2,774.05
821,197.23
82.12%
95
821,197.23
9,983.80
7,185.48
2,798.32
818,398.91
81.84%
96
818,398.91
9,983.80
7,160.99
2,822.81
815,576.10
81.56%
97
815,576.10
9,983.80
7,136.29
2,847.51
812,728.59
81.27%
98
812,728.59
9,983.80
7,111.38
2,872.42
809,856.17
80.99%
99
809,856.17
9,983.80
7,086.24
2,897.56
806,958.61
80.70%
100
806,958.61
9,983.80
7,060.89
2,922.91
804,035.70
80.40%
101
804,035.70
9,983.80
7,035.31
2,948.49
801,087.21
80.11%
102
801,087.21
9,983.80
7,009.51
2,974.29
798,112.93
79.81%
103
798,112.93
9,983.80
6,983.49
3,000.31
795,112.62
79.51%
104
795,112.62
9,983.80
6,957.24
3,026.56
792,086.05
79.21%
105
792,086.05
9,983.80
6,930.75
3,053.05
789,033.01
78.90%
106
789,033.01
9,983.80
6,904.04
3,079.76
785,953.25
78.60%
107
785,953.25
9,983.80
6,877.09
3,106.71
782,846.54
78.28%
108
782,846.54
9,983.80
6,849.91
3,133.89
779,712.65
77.97%
109
779,712.65
9,983.80
6,822.49
3,161.31
776,551.34
77.66%
110
776,551.34
9,983.80
6,794.82
3,188.97
773,362.36
77.34%
111
773,362.36
9,983.80
6,766.92
3,216.88
770,145.48
77.01%
112
770,145.48
9,983.80
6,738.77
3,245.03
766,900.46
76.69%
113
766,900.46
9,983.80
6,710.38
3,273.42
763,627.04
76.36%
114
763,627.04
9,983.80
6,681.74
3,302.06
760,324.98
76.03%
115
760,324.98
9,983.80
6,652.84
3,330.96
756,994.02
75.70%
116
756,994.02
9,983.80
6,623.70
3,360.10
753,633.92
75.36%
117
753,633.92
9,983.80
6,594.30
3,389.50
750,244.42
75.02%
118
750,244.42
9,983.80
6,564.64
3,419.16
746,825.26
74.68%
119
746,825.26
9,983.80
6,534.72
3,449.08
743,376.18
74.34%
120
743,376.18
9,983.80
6,504.54
3,479.26
739,896.92
73.99%
121
739,896.92
9,983.80
6,474.10
3,509.70
736,387.22
73.64%
122
736,387.22
9,983.80
6,443.39
3,540.41
732,846.81
73.28%
Page 9 of 13

Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Capital Repaid
Closing
Balance
% Capital
Outstanding
123
732,846.81
9,983.80
6,412.41
3,571.39
729,275.42
72.93%
124
729,275.42
9,983.80
6,381.16
3,602.64
725,672.78
72.57%
125
725,672.78
9,983.80
6,349.64
3,634.16
722,038.62
72.20%
126
722,038.62
9,983.80
6,317.84
3,665.96
718,372.66
71.84%
127
718,372.66
9,983.80
6,285.76
3,698.04
714,674.62
71.47%
128
714,674.62
9,983.80
6,253.40
3,730.40
710,944.22
71.09%
129
710,944.22
9,983.80
6,220.76
3,763.04
707,181.19
70.72%
130
707,181.19
9,983.80
6,187.84
3,795.96
703,385.22
70.34%
131
703,385.22
9,983.80
6,154.62
3,829.18
699,556.05
69.96%
132
699,556.05
9,983.80
6,121.12
3,862.68
695,693.36
69.57%
133
695,693.36
9,983.80
6,087.32
3,896.48
691,796.88
69.18%
134
691,796.88
9,983.80
6,053.22
3,930.58
687,866.30
68.79%
135
687,866.30
9,983.80
6,018.83
3,964.97
683,901.34
68.39%
136
683,901.34
9,983.80
5,984.14
3,999.66
679,901.67
67.99%
137
679,901.67
9,983.80
5,949.14
4,034.66
675,867.01
67.59%
138
675,867.01
9,983.80
5,913.84
4,069.96
671,797.05
67.18%
139
671,797.05
9,983.80
5,878.22
4,105.57
667,691.48
66.77%
140
667,691.48
9,983.80
5,842.30
4,141.50
663,549.98
66.35%
141
663,549.98
9,983.80
5,806.06
4,177.74
659,372.24
65.94%
142
659,372.24
9,983.80
5,769.51
4,214.29
655,157.95
65.52%
143
655,157.95
9,983.80
5,732.63
4,251.17
650,906.78
65.09%
144
650,906.78
9,983.80
5,695.43
4,288.36
646,618.42
64.66%
145
646,618.42
9,983.80
5,657.91
4,325.89
642,292.53
64.23%
146
642,292.53
9,983.80
5,620.06
4,363.74
637,928.79
63.79%
147
637,928.79
9,983.80
5,581.88
4,401.92
633,526.87
63.35%
148
633,526.87
9,983.80
5,543.36
4,440.44
629,086.43
62.91%
149
629,086.43
9,983.80
5,504.51
4,479.29
624,607.14
62.46%
150
624,607.14
9,983.80
5,465.31
4,518.49
620,088.65
62.01%
151
620,088.65
9,983.80
5,425.78
4,558.02
615,530.63
61.55%
152
615,530.63
9,983.80
5,385.89
4,597.91
610,932.72
61.09%
153
610,932.72
9,983.80
5,345.66
4,638.14
606,294.59
60.63%
154
606,294.59
9,983.80
5,305.08
4,678.72
601,615.86
60.16%
155
601,615.86
9,983.80
5,264.14
4,719.66
596,896.20
59.69%
156
596,896.20
9,983.80
5,222.84
4,760.96
592,135.25
59.21%
157
592,135.25
9,983.80
5,181.18
4,802.62
587,332.63
58.73%
158
587,332.63
9,983.80
5,139.16
4,844.64
582,487.99
58.25%
159
582,487.99
9,983.80
5,096.77
4,887.03
577,600.96
57.76%
160
577,600.96
9,983.80
5,054.01
4,929.79
572,671.17
57.27%
161
572,671.17
9,983.80
5,010.87
4,972.93
567,698.25
56.77%
162
567,698.25
9,983.80
4,967.36
5,016.44
562,681.81
56.27%
163
562,681.81
9,983.80
4,923.47
5,060.33
557,621.48
55.76%
164
557,621.48
9,983.80
4,879.19
5,104.61
552,516.87
55.25%
165
552,516.87
9,983.80
4,834.52
5,149.28
547,367.59
54.74%
166
547,367.59
9,983.80
4,789.47
5,194.33
542,173.26
54.22%
167
542,173.26
9,983.80
4,744.02
5,239.78
536,933.47
53.69%
168
536,933.47
9,983.80
4,698.17
5,285.63
531,647.84
53.16%
169
531,647.84
9,983.80
4,651.92
5,331.88
526,315.96
52.63%
170
526,315.96
9,983.80
4,605.26
5,378.53
520,937.43
52.09%
171
520,937.43
9,983.80
4,558.20
5,425.60
515,511.83
51.55%
172
515,511.83
9,983.80
4,510.73
5,473.07
510,038.76
51.00%
173
510,038.76
9,983.80
4,462.84
5,520.96
504,517.80
50.45%
174
504,517.80
9,983.80
4,414.53
5,569.27
498,948.53
49.89%
175
498,948.53
9,983.80
4,365.80
5,618.00
493,330.53
49.33%
176
493,330.53
9,983.80
4,316.64
5,667.16
487,663.38
48.77%
177
487,663.38
9,983.80
4,267.05
5,716.74
481,946.63
48.19%
178
481,946.63
9,983.80
4,217.03
5,766.77
476,179.87
47.62%
179
476,179.87
9,983.80
4,166.57
5,817.23
470,362.64
47.04%
180
470,362.64
9,983.80
4,115.67
5,868.13
464,494.52
46.45%
181
464,494.52
9,983.80
4,064.33
5,919.47
458,575.04
45.86%
182
458,575.04
9,983.80
4,012.53
5,971.27
452,603.78
45.26%
183
452,603.78
9,983.80
3,960.28
6,023.52
446,580.26
44.66%
Page 10 of 13

Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Capital Repaid
Closing
Balance
% Capital
Outstanding
184
446,580.26
9,983.80
3,907.58
6,076.22
440,504.04
44.05%
185
440,504.04
9,983.80
3,854.41
6,129.39
434,374.65
43.44%
186
434,374.65
9,983.80
3,800.78
6,183.02
428,191.63
42.82%
187
428,191.63
9,983.80
3,746.68
6,237.12
421,954.51
42.20%
188
421,954.51
9,983.80
3,692.10
6,291.70
415,662.81
41.57%
189
415,662.81
9,983.80
3,637.05
6,346.75
409,316.06
40.93%
190
409,316.06
9,983.80
3,581.52
6,402.28
402,913.78
40.29%
191
402,913.78
9,983.80
3,525.50
6,458.30
396,455.48
39.65%
192
396,455.48
9,983.80
3,468.99
6,514.81
389,940.66
38.99%
193
389,940.66
9,983.80
3,411.98
6,571.82
383,368.84
38.34%
194
383,368.84
9,983.80
3,354.48
6,629.32
376,739.52
37.67%
195
376,739.52
9,983.80
3,296.47
6,687.33
370,052.20
37.01%
196
370,052.20
9,983.80
3,237.96
6,745.84
363,306.35
36.33%
197
363,306.35
9,983.80
3,178.93
6,804.87
356,501.48
35.65%
198
356,501.48
9,983.80
3,119.39
6,864.41
349,637.07
34.96%
199
349,637.07
9,983.80
3,059.32
6,924.47
342,712.60
34.27%
200
342,712.60
9,983.80
2,998.74
6,985.06
335,727.54
33.57%
201
335,727.54
9,983.80
2,937.62
7,046.18
328,681.35
32.87%
202
328,681.35
9,983.80
2,875.96
7,107.84
321,573.52
32.16%
203
321,573.52
9,983.80
2,813.77
7,170.03
314,403.49
31.44%
204
314,403.49
9,983.80
2,751.03
7,232.77
307,170.72
30.72%
205
307,170.72
9,983.80
2,687.74
7,296.06
299,874.66
29.99%
206
299,874.66
9,983.80
2,623.90
7,359.90
292,514.77
29.25%
207
292,514.77
9,983.80
2,559.50
7,424.29
285,090.47
28.51%
208
285,090.47
9,983.80
2,494.54
7,489.26
277,601.21
27.76%
209
277,601.21
9,983.80
2,429.01
7,554.79
270,046.43
27.00%
210
270,046.43
9,983.80
2,362.91
7,620.89
262,425.53
26.24%
211
262,425.53
9,983.80
2,296.22
7,687.58
254,737.96
25.47%
212
254,737.96
9,983.80
2,228.96
7,754.84
246,983.12
24.70%
213
246,983.12
9,983.80
2,161.10
7,822.70
239,160.42
23.92%
214
239,160.42
9,983.80
2,092.65
7,891.15
231,269.27
23.13%
215
231,269.27
9,983.80
2,023.61
7,960.19
223,309.08
22.33%
216
223,309.08
9,983.80
1,953.95
8,029.84
215,279.24
21.53%
217
215,279.24
9,983.80
1,883.69
8,100.11
207,179.13
20.72%
218
207,179.13
9,983.80
1,812.82
8,170.98
199,008.15
19.90%
219
199,008.15
9,983.80
1,741.32
8,242.48
190,765.67
19.08%
220
190,765.67
9,983.80
1,669.20
8,314.60
182,451.07
18.25%
221
182,451.07
9,983.80
1,596.45
8,387.35
174,063.72
17.41%
222
174,063.72
9,983.80
1,523.06
8,460.74
165,602.98
16.56%
223
165,602.98
9,983.80
1,449.03
8,534.77
157,068.21
15.71%
224
157,068.21
9,983.80
1,374.35
8,609.45
148,458.76
14.85%
225
148,458.76
9,983.80
1,299.01
8,684.78
139,773.97
13.98%
226
139,773.97
9,983.80
1,223.02
8,760.78
131,013.19
13.10%
227
131,013.19
9,983.80
1,146.37
8,837.43
122,175.76
12.22%
228
122,175.76
9,983.80
1,069.04
8,914.76
113,261.00
11.33%
229
113,261.00
9,983.80
991.03
8,992.77
104,268.23
10.43%
230
104,268.23
9,983.80
912.35
9,071.45
95,196.78
9.52%
231
95,196.78
9,983.80
832.97
9,150.83
86,045.96
8.60%
232
86,045.96
9,983.80
752.90
9,230.90
76,815.06
7.68%
233
76,815.06
9,983.80
672.13
9,311.67
67,503.39
6.75%
234
67,503.39
9,983.80
590.65
9,393.14
58,110.25
5.81%
235
58,110.25
9,983.80
508.46
9,475.33
48,634.91
4.86%
236
48,634.91
9,983.80
425.56
9,558.24
39,076.67
3.91%
237
39,076.67
9,983.80
341.92
9,641.88
29,434.79
2.94%
238
29,434.79
9,983.80
257.55
9,726.24
19,708.55
1.97%
239
19,708.55
9,983.80
172.45
9,811.35
9,897.20
0.99%
240
9,897.20
9,983.80
86.60
9,897.20
0.00%
241
0.00%
242
0.00%
243
0.00%
244
0.00%
Page 11 of 13

Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Capital Repaid
Closing
Balance
% Capital
Outstanding
245
0.00%
246
0.00%
247
0.00%
248
0.00%
249
0.00%
250
0.00%
251
0.00%
252
0.00%
253
0.00%
254
0.00%
255
0.00%
256
0.00%
257
0.00%
258
0.00%
259
0.00%
260
0.00%
261
0.00%
262
0.00%
263
0.00%
264
0.00%
265
0.00%
266
0.00%
267
0.00%
268
0.00%
269
0.00%
270
0.00%
271
0.00%
272
0.00%
273
0.00%
274
0.00%
275
0.00%
276
0.00%
277
0.00%
278
0.00%
279
0.00%
280
0.00%
281
0.00%
282
0.00%
283
0.00%
284
0.00%
285
0.00%
286
0.00%
287
0.00%
288
0.00%
289
0.00%
290
0.00%
291
0.00%
292
0.00%
293
0.00%
294
0.00%
295
0.00%
296
0.00%
297
0.00%
298
0.00%
299
0.00%
300
0.00%
301
0.00%
302
0.00%
303
0.00%
304
0.00%
305
0.00%
Page 12 of 13

Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Capital Repaid
Closing
Balance
% Capital
Outstanding
306
0.00%
307
0.00%
308
0.00%
309
0.00%
310
0.00%
311
0.00%
312
0.00%
313
0.00%
314
0.00%
315
0.00%
316
0.00%
317
0.00%
318
0.00%
319
0.00%
320
0.00%
321
0.00%
322
0.00%
323
0.00%
324
0.00%
325
0.00%
326
0.00%
327
0.00%
328
0.00%
329
0.00%
330
0.00%
331
0.00%
332
0.00%
333
0.00%
334
0.00%
335
0.00%
336
0.00%
337
0.00%
338
0.00%
339
0.00%
340
0.00%
341
0.00%
342
0.00%
343
0.00%
344
0.00%
345
0.00%
346
0.00%
347
0.00%
348
0.00%
349
0.00%
350
0.00%
351
0.00%
352
0.00%
353
0.00%
354
0.00%
355
0.00%
356
0.00%
357
0.00%
358
0.00%
359
0.00%
360
0.00%
1,396,111.73
Page 13 of 13

Bond Calculator

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Excel Skills | Bond Calculator Template

Total Interest over Bond Period

Total Bond Repayment over Bond Period

Net Disposable Income

Adjusted Bond Repayment Period (in months)

Present Value of Interest Saving

Increased Instalment - Interest Saving

Total Adjusted Interest over Bond Period

Minimum Required Net Disposable Income

Increased Instalment Repayment Amount

Monthly Bond Repayment @ 10.50%

Net Disposable Income Calculation

Water, Electricity & Services

Personal Loan Instalments

Rates & Taxes

Financing - Motor Vehicles

Repairs & Maintenance

Telephone / Cell Phone / Internet

Credit Card Repayments

Insurance - Short Term

Total Gross Remuneration

Total Financing Expenses

Investments - Retirement Annuities

Income Tax (PAYE)

Unemployment Fund (UIF)

Skills Development Levy (SDL)

Fuel & Vehicle Maintenance

Total Other Income

Total Operational Expenses

Net Disposable Income Calculation

Add: Other Income

Less: Operational Expenses

Less: Financing Expenses

Net Disposable Income

Input Field Guidance

Enter the combined monthly gross household salaries

Enter the average monthly commission received

Enter the total of any other remuneration received

Enter the total monthly pension fund deductions

Enter the total monthly medical aid deductions

Enter the total monthly retirement annuity contributions

Enter the total monthly income tax deducted

Enter the total UIF deducted

Enter the total SDL deducted

Net Disposable Income Calculation

Enter the total of all other deductions, e.g.. funeral plan

This amount represents the monthly combined net remuneration

Enter the average monthly dividend income

Enter monthly maintenance amount received from a previous spouse

Enter the total monthly pension received

Enter the monthly rates and taxes paid on properties owned

Enter the average monthly repairs and maintenance on existing properties

Enter the current monthly insurance premium

Enter the current monthly life insurance premium

Enter the total monthly premiums associated with retirement annuities

Enter the average monthly payments relating to other investments

Enter the average monthly donations amount

Enter the average monthly education cost, e.g.. school fees

Enter the average monthly vehicle fuel and maintenance costs

Enter the monthly subscription fee applicable to television / cable rentals

Enter the monthly average membership cost, e.g.. gym membership