Further Financing Calculator

This calculator is used to determine the further financing (bond refinancing) which could be available to the property owner.

In essence the further financing which is available to the property owner is usually determined by deducting the outstanding bond amount from the current market value of the property (or a reduced market value to make provision for selling costs, capital gains tax, etc.).

This calculator is however based on the further financing which can be obtained based on the applicant's net disposable income. We consider this a much greater restriction than the difference between the market value and the bond amount.

The net disposable income, annual bond interest rate and the bond period is used to determine the maximum bond amount which the applicant may qualify for. The outstanding bond amount is then deducted from this amount to determine the amount of further financing which could be available to the property owner.

The remaining bond period and current bond interest rate is then used to determine the monthly bond repayment associated with only the further financing.

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