| WealthCreator247.co.za | |
|
|
|
|
All the most Useful bond Calculators in One Here is what you get when you download this complete bond calculator, free... This must have bond calculator comes in a neat software suite packed with all the essential hard-hitting calculators making the amortization of your property a breeze. Giving you the freedom to make your own calculated decisions on bond management... Oh and its all for free ;o)
|
|
|
Bond Monthly Payback Breakdown |
|
|
Have you ever wanted to see a complete detailed overview on what you're paying back over the selected repayment period? BOSS breaks your bond repayments up into 6 variables:
See exactly what happens each month. You will be surprised to see how little capital you repay in the first month and year. The reason why this happens is that the bond repayment is based on an amortization algorithm.
|
|
|
Bond Optimization |
|
|
Not many people know it; but there are some remarkably simple tricks to making a bond more affordable. BOSS shows you smart ways to pay less interest without necessarily using extra money. In this suite there are eight different calculators. Each one is designed to show you how much you can save by implementing a single or different strategy to your repayments.
|
|
|
Why just get one bond
calculator? Get the Bond Optimizer |
|
Immediate First
Payment: Have a look at what happens when you ignore the bank
by making your first payment the day your bond is registered. Single Payment: You may receive some extra cash at some point in time; if you pay it into your bond you can save thousands. Single payment implies making an extra payment in a specific month for a specific amount. Salary Accelerator: Our salaries should increase with inflation. Most people do not build this into their bonds, and simply continue paying the same amount year after year. The salary accelerator takes inflation increases into account, and includes an extra percentage each year. By increasing your bond repayments accordingly, you are not paying any extra money in “real” terms but you can easily save more than half of the bond repayment term.
Bi Weekly:
Bi-weekly refers to a payment that is made every second week on the same
day. Bonus Divided by 12: If you received a bonus at the end of last year, one way to use it is to split it into 12 payments and pay them into your bond at the beginning of each month. It is however more effective to pay in your full bonus the moment your receive it. Bonus: If you receive a 13th check or bonus at the end of the year, pay it into your bond. You'll be amazed at how much you will save. Additional Payment: If you have some extra cash available at the end of each month, include it with your monthly payments. You will be amazed at how much you can save. Double Monthly Payment: The doubler does just that... it doubles your payment made for each month. Not everyone can afford this, but if you can, it is well worth it!
|
|
|
Monthly Return |
|
|
There are a number of extra factors that come into play when owning a property. For instance; Security expenses; levies and renting. The BOSS takes into account inflation among these other extras and will present your final monthly return.
|
|
|
Target Year Analysis |
|
|
How much do you still owe on your bond at the end of year x? What rental income/loss have you made after inflation and other expense factors have been taken into account? The BOSS gives you an overall summarized perspective for the current year.
|
|
|
Return on Investment (ROI) |
|
|
You've owned property for x years and now you're ready to sell; or you intend doing this in the future. The BOSS will give you a perspective on your return after calculating the future property value; deducting the estate agency's cut and your own investments. If this function is used with the Capital Gains Tax or Income Tax calculators you can get your ROI after tax.
|
|
|
Bond and Transfer Costs |
|
|
When you buy a new property there are a number of legal costs involved. These are your bond and transfer costs. BOSS calculates bond and transfer costs for you; and presents them individually for you to see exactly how much they are. By using this calculator you can immediately see the difference in cost between buying a property in your own personal name or that of a Company, Close Corporation or Trust.
|
|
|
Investment vs. Debt Repayments Calculator |
|
|
Is it better to invest your money or to pay your debt? This is a decision we often make without a great deal of thought. But the results can have major consequences for our future. The BOSS will help you to make the decision whether it is better to invest your money or pay back your current debt.
|
|
|
Sensitivity Calculators |
|
|
There are four calculators in this suite. The Loan Sensitivity Calculators offers a two-dimensional grid to reflect the difference, which dynamically display the results of changes made to the Rate, Loan Amount Payments or Term...
|
|
|
CGT (Capital Gains Tax) Calculator |
|
|
How much CGT tax will you pay if you sell your property investment? What is the growth on your investment after you have paid Capital Gains Tax on your 'profit'?
|
|
|
Income Tax Calculators |
|
|
How much income tax you will have to pay on the 'profit/loss' that you have made from your trade – (speculating, development or trading.)
|
|
|
Payment to Bond Calculator |
|
|
What is the maximum bond that the bank will allow you based on your income? BOSS will calculate the maximum bond that the banks will give you based on a % of your income. Normally the banks will not allow you to pay more than 30% of your income on your bond. You can include the income of your spouse.
|
|
|
Quick Calculator |
|
|
A highly effective yet simple way of calculating either: Bond Amount, Years, Interest Rate or Monthly Payment, when you know three criteria but lack one. It is also useful in converting between the various variables.
|
|