Mortgage Calculator Nigeria
Free mortgage calculator for Nigeria. Calculate monthly payments, down payment, and affordability for home loans in Lagos and across Nigeria. Supports NHF, MREIF, and commercial mortgage rates.
Free Mortgage Calculator for Nigeria
Plan your property purchase with our comprehensive mortgage calculator. Calculate monthly payments, determine down payment requirements, and find out how much you can afford. Perfect for homebuyers in Lagos, Abuja, Port Harcourt, and across Nigeria.
Monthly Payment Calculator
Calculate your monthly mortgage payment based on loan amount, interest rate, and loan term. Tailored for the Nigerian property market.
Typical range in Nigeria: 3% - 28%. Federal housing programs offer lower rates.
Typical range in Nigeria: 15-25 years. Federal programs may offer up to 30 years.
Mortgage Calculator for Nigeria - Complete Guide
Understanding Mortgages in Nigeria
Buying a property in Nigeria requires careful financial planning. Our free mortgage calculator helps you understand the costs involved in purchasing a home in Lagos, Abuja, Port Harcourt, or any other city in Nigeria. Whether you're considering an NHF loan, MREIF financing, or a commercial mortgage, our calculator provides accurate estimates based on current Nigerian market rates.
Mortgage Interest Rates in Nigeria
Mortgage interest rates in Nigeria vary significantly based on the type of loan:
- Federal Programs (NHF/MREIF): As low as 3% per annum for qualified applicants
- Commercial Banks: Typically range from 15% to 28% per annum
- Loan Terms: 15-25 years for commercial loans, up to 30 years for federal programs
How to Use Our Mortgage Calculator
Our mortgage calculator offers four powerful tools:
- Monthly Payment Calculator: Calculate your monthly mortgage payment based on loan amount, interest rate, and term
- Down Payment Calculator: Determine how much down payment you need for your property purchase
- Affordability Calculator: Find out how much you can afford to borrow based on your income and debts
- Scenario Comparison: Compare multiple mortgage scenarios side-by-side to find the best option
Mortgage Calculator for Lagos, Nigeria
Whether you're buying property in Victoria Island, Lekki, Ikeja, or any other area in Lagos, our mortgage calculator helps you plan your purchase. Calculate payments for luxury apartments, residential homes, or commercial properties across Nigeria's largest city.
NHF and MREIF Mortgage Calculator
The National Housing Fund (NHF) and Mortgage Refinance and Liquidity Facility (MREIF) offer affordable housing finance options for Nigerians. Our calculator supports these federal programs, allowing you to see how much you could save with lower interest rates compared to commercial loans.