Total cost of buying
Everything you pay on top of the price: transfer duty, conveyancing and bond registration fees (plus VAT) and Deeds Office fees. The bank's initiation fee is usually added to your bond rather than paid in cash.
%
- Your deposit plus every cost, in one figure
- Transfer duty, attorney and Deeds Office fees line by line
- What the costs come to as a share of the price
Worked out from the figures you enter and the published rates and tables shown; results marked as estimates depend on assumptions. General information, not financial, credit, tax or legal advice - Property HQ is not an authorised financial services provider or a registered credit provider, and banks do their own affordability assessment under the National Credit Act. Confirm the figures for your own case with your bank, conveyancer or a registered tax practitioner.
Tax, transfer duty and CGT tables from SARS; prime, repo and CPI from the South African Reserve Bank; minimum living costs from the National Credit Act regulations; exchange rates from the European Central Bank (via Frankfurter).
Frequently asked questions
3 quick answers - tap a question to open itWhat costs do I pay when I buy?
Transfer duty (unless you buy from a VAT-registered seller), the transferring attorney's fee and VAT, Deeds Office fees and sundries; and if you take a bond, the bond attorney's fee, Deeds Office bond fee and the bank's initiation fee.
How are attorney fees set?
Conveyancers usually charge on a sliding scale based on the Law Society guideline, which the calculator follows. Fees can be negotiated, so ask for a quote.
Can these costs be added to my bond?
The bank's initiation fee usually can. Transfer duty and attorney fees are normally paid in cash before transfer, although some banks offer a bond for more than the price to cover them.