Mortgage calculator
Every naira of your mortgage, before you speak to anyone.
Move the numbers and watch the monthly repayment, the interest and the balance change. Test a rate rise, try overpaying and see how much house your income supports. All figures use example rates for this demo.
Repayment calculator
Your monthly figure, and where it goes.
Your numbers
Your repayment
Each month
for the full term at the rate shown
Over the term
How the balance falls, year by year.
The schedule shows how much of each year's payments clear the loan and how much is interest.
Year by year
| Year | Loan repaid | Interest | Balance at year end |
|---|
What if
Two questions worth asking before you sign.
If the rate rose by 2%
After the fixed period your rate can move. We test every application at 2% above the example rate so you know you can cope.
Monthly repayment would be -
That is - more each month.
Pay a little more each month
-
How much can I borrow
Start from your pay, not the price.
We keep repayments at or below a third of take-home pay, after other loan repayments.
You could borrow
Method
How these numbers are worked out.
Capital and interest
Repayments are calculated monthly on the reducing balance, so the payment stays level and the loan is cleared by the end of the term.
Example rates
Rates shown are examples for this demo. Your actual rate depends on your income, deposit and the property, and is confirmed in writing.
What the fee line adds
The arrangement fee for the product, legal and valuation costs of about ₦350,000 and registration at 0.5% of the price.
Happy with the numbers?
Pre-qualify in 10 minutes and we will confirm what you could borrow, with a document list for your job.