Mortgage Calculator
Calculate your monthly payments, explore loan options, and understand what you can afford with our comprehensive mortgage calculator.
LOAN DETAILS
Loan Summary
Loan Amount:
₦20,000,000
Down Payment %:
20.0%
PROPERTY DETAILS
Available Loan Programs
Tap a card to learn the plain-english meaning.
Conventional▾
Standard bank mortgage
Down Payment: 5-20%
Credit Score: 680+
Max Amount: ₦80M
Interest Rate: 3.5-5.5%
Terms: 15-30 years
FHA▾
Government-backed for lower down payments
Down Payment: 3.5%
Credit Score: 620+
Max Amount: ₦50M
Interest Rate: 3.0-5.0%
Terms: 15-30 years
VA▾
For veterans/military with 0% down
Down Payment: 0%
Credit Score: 640+
Max Amount: ₦60M
Interest Rate: 2.9-4.2%
Terms: 15-30 years
Jumbo▾
For high-priced homes beyond standard limits
Down Payment: 20%+
Credit Score: 720+
Max Amount: ₦200M
Interest Rate: 4.0-6.0%
Terms: 15-30 years
₦135,958
Monthly Payment
🏠Principal & Interest
₦100,125🏛️Property Tax
₦20,833🛡️Home Insurance
₦15,000Total Monthly
₦135,958
✅
Within Budget
Payment is within recommended 28% of income
Loan Statistics
Total of Payments
₦40,787,414Total Interest Paid
₦10,037,414Loan-to-Value Ratio
80.0%Monthly Income Needed
₦485,564ℹ️
Based on 28% debt-to-income ratio