🏠 Mortgage & Property

African Mortgage
Repayment Calculator

Calculate your monthly repayments, total interest cost, and full amortisation schedule — using actual rates from Nigerian NHF, Kenya's Housing Finance, South Africa's major banks, and more.

🇳🇬 Nigeria NHF 6% 🇰🇪 Kenya ~13% 🇿🇦 SA Prime 10.25% 🇬🇭 Ghana ~28% 🌍 14 Countries 📊 Full Amortisation
Select Your Country
Loan Type
LTV: 80% · Equity: 20%

This is a planning estimate. Actual rates, fees and terms vary by lender, product and country — always confirm with your bank before you commit.

Monthly Repayment
Principal + Interest
Loan Amount
Total Interest
Total Repaid
Loan End Date
Principal vs Interest breakdown
Principal Interest
Year Monthly Payment Principal Interest Balance Remaining

This mortgage calculator helps home buyers across Africa estimate monthly repayments, total interest, and the full cost of a home loan. Enter the property price, down payment, interest rate, and loan term, and the tool generates a detailed amortisation schedule showing how each payment splits between principal and interest over the life of the loan. It supports calculations in multiple African currencies and accounts for varying interest rate structures. First-time buyers, property investors, and financial advisors use it to compare loan scenarios, understand affordability, and plan for one of the biggest financial commitments of their lives.

Frequently Asked Questions

What is the NHF (National Housing Fund) in Nigeria?
NHF is a government scheme requiring 2.5% of salary contribution. After 6 months, you qualify for loans up to ₦50M at a subsidised 6% rate — much lower than commercial bank rates of 18–26%.
How much deposit do I need for a mortgage in Africa?
Deposit requirements vary: Nigeria requires 10–30%, Kenya 10–20%, South Africa as low as 0% for qualifying buyers (FLISP), Ghana 20–30%. Higher deposits mean lower rates.
Why are mortgage rates so high in Ghana?
Ghana's mortgage rates (25–32%) reflect the central bank's policy rate (29%) and high inflation. They're tied to T-bill rates. The Ghana Home Loans (GHL) scheme offers some relief for formal sector workers.
What is the maximum mortgage term in Africa?
Nigeria: up to 30 years (NHF), 15–20 years (commercial). Kenya: up to 25 years. South Africa: up to 30 years. Ghana: up to 20 years. Most banks require full repayment before retirement age.
Should I use a fixed or variable rate mortgage?
Most African mortgages are variable rate, tied to the central bank rate. Fixed rates offer predictability. In high-inflation environments like Nigeria, variable rates carry more risk — budget for rate increases.
What other costs should I budget for beyond the mortgage?
Budget for: Stamp Duty (1.5–8% in most countries), legal fees (1–2%), valuation fees, estate agent commission (3–5%), and home insurance. Use the Stamp Duty Calculator for your country's exact costs.
Mortgage stress test

Turn the repayment into a buying checklist

Not sure how to get the most from the Mortgage Calculator? Enter your amounts, rates and dates and it returns a clear estimate with the assumptions shown — built for all 54 African countries.

  • What you get: a clear estimate with the assumptions shown, so you can move from a quick look to a real decision.
  • How it works: the Mortgage Calculator takes your amounts, rates and dates and shows the working, not just a single number.
  • What to check: confirm current prices, fees and official rates for your country before you rely on the result. It is a planning estimate, not financial advice.

Reviewed 2026. Results are a guide — always confirm current prices, fees and official rates for your country before acting. It is a planning estimate, not financial advice.

Mortgage Calculator — enter your details above to see your result.
View repayment

Mortgage Calculator FAQ

How do I use the Mortgage Calculator?

Enter your amounts, rates and dates in the fields above. The Mortgage Calculator then gives you a clear estimate with the assumptions shown you can use straight away.

How accurate is the Mortgage Calculator?

It is as accurate as the values you enter and shows the assumptions behind the result. Always confirm current prices, fees and official rates for your country before you rely on it. It is a planning estimate, not financial advice.

Is the Mortgage Calculator free, and does it cover my country?

Yes — it is completely free, works on any phone or computer with no signup, and is built for all 54 African countries.

Verification checklist

Check the quote before you commit

Use the repayment and amortisation output as a planning screen, then verify every lender-specific cost before paying deposits or signing documents.

  • Confirm APR, arrangement fees, valuation fees, legal fees, transfer taxes, insurance, service charges, and early-repayment rules.
  • Check title, survey, development approvals, and affordability buffers with qualified local professionals.
  • Privacy note: calculation inputs stay in the browser; avoid putting private property, bank, or identity details into the optional AI prompt.

Freshness note: mortgage rates and housing costs change by lender, country, product, and date. This is not a lender quote, mortgage approval, valuation, legal advice, or tax advice.