Estimate your monthly mortgage payment including principal, interest, and see a full repayment breakdown for your home loan.
Mortgage amount
₦40,000,000
🇳🇬 Mortgage Summary
Monthly payment
₦734,394
Total payment
₦264,381,809
Total interest
₦224,381,809
LTV ratio
80.0%
Mortgage rates in Nigeria
A mortgage calculator helps you estimate your monthly home loan repayment based on the property value, your down payment, the interest rate, and the mortgage term. It is an essential first step for any home buyer in Nigeria planning their finances before approaching a bank or lender.
Enter the property price and your planned down payment — the calculator automatically derives the loan amount. Then enter the interest rate and mortgage term. You will see your monthly repayment, total interest over the life of the loan, the loan-to-value (LTV) ratio, and a full yearly amortisation schedule.
For a Nigeria property worth ₦50,000,000 with a ₦10,000,000 deposit at 22% over 25 years, you can see the exact monthly payment and total interest cost using this calculator. Nigerian lending rates are set by commercial banks and are influenced by the CBN Monetary Policy Rate (MPR). Rates typically range from 18%–30% per annum.
LTV is the loan amount as a percentage of the property value. A lower LTV means less risk for the lender — most banks prefer LTV below 80%. Above 80%, lenders may require mortgage insurance.
No — this calculator computes principal and interest only. Your actual monthly payment from the bank will include property taxes, insurance, and possibly HOA fees.
Nigerian lending rates are set by commercial banks and are influenced by the CBN Monetary Policy Rate (MPR). Rates typically range from 18%–30% per annum.
Popular lenders in Nigeria include Access Bank, GTBank, First Bank, Zenith Bank, UBA. Always compare rates from multiple providers before committing.
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