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Nigeria · NGN

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HomeCalc

Mortgage calculator for Nigeria

See what you pay each month, and how the payment moves when the rate changes.

No local legal figures for Nigeria

HomeCalc has no data on fees, taxes or lending limits in Nigeria. The loan maths and NGN formatting still work. Every fee starts at 0: enter your own, then check them with your lender or a local adviser.

Your loan

Example values: replace them with your own.

NGN
NGN
20% of the price · Loan NGN 12,000,000.00
years
240 months
Interest rates
%
months
%
Base rate plus margin, as your bank quotes it
Repayment method

The same payment every month within each rate period

Prepayment
NGN
%
Default in month 24: 0% of the amount prepaid. Change it to match your loan contract.
After prepaying

Results

Monthly payment

NGN 251,785.95

Nigeria · NGN · Basic: fees entered by you

Highest payment
NGN 251,785.95
Total interest
NGN 48,428,626.91
Total paidPrincipal plus interest
NGN 60,428,626.91

Note

HomeCalc works out the loan and adds up the fees you enter. It provides no legal figures for Nigeria: no fees, taxes or lending limits. It is not financial, legal or tax advice. Before you decide, check every figure with your lender or a licensed adviser in Nigeria. This site never stores the numbers you enter; they live only in the page address.

The monthly rate is the annual rate spread evenly over the months; amounts are rounded to the smallest unit of NGN. Lenders in Nigeria may work out interest differently.

The link carries only the numbers you entered. The site keeps no copy of them.

Next: home-buying costs

Interest and principal by year

  • Interest
  • Principal
  • Monthly payment
Interest and principal by yearStacked bars for 20 years showing interest and principal paid each year, with a line for the monthly payment, starting at NGN 251,785.95. Exact figures are in the schedule table.Year 1: interest NGN 2,997,365.53, principal NGN 24,065.87Year 2: interest NGN 2,990,609.47, principal NGN 30,821.93Year 3: interest NGN 2,981,956.76, principal NGN 39,474.64Year 4: interest NGN 2,970,874.99, principal NGN 50,556.41Year 5: interest NGN 2,956,682.23, principal NGN 64,749.17Year 6: interest NGN 2,938,505.11, principal NGN 82,926.29Year 7: interest NGN 2,915,225.06, principal NGN 106,206.34Year 8: interest NGN 2,885,409.59, principal NGN 136,021.81Year 9: interest NGN 2,847,223.98, principal NGN 174,207.42Year 10: interest NGN 2,798,318.45, principal NGN 223,112.95Year 11: interest NGN 2,735,683.60, principal NGN 285,747.80Year 12: interest NGN 2,655,465.17, principal NGN 365,966.23Year 13: interest NGN 2,552,726.91, principal NGN 468,704.49Year 14: interest NGN 2,421,146.77, principal NGN 600,284.63Year 15: interest NGN 2,252,627.93, principal NGN 768,803.47Year 16: interest NGN 2,036,800.54, principal NGN 984,630.86Year 17: interest NGN 1,760,383.56, principal NGN 1,261,047.84Year 18: interest NGN 1,406,367.63, principal NGN 1,615,063.77Year 19: interest NGN 952,968.24, principal NGN 2,068,463.16Year 20: interest NGN 372,285.39, principal NGN 2,649,144.92per yearper month800,0001.6 million2.4 million3.2 million100,000200,000300,000Year 55Year 1010Year 1515Year 2020

Year

Show what happens if rates rise

If the floating rate rises

The promotional period stays the same; only the floating rate goes up.

Show yearly schedule

Yearly schedule

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