This calculator provide estimates of your mortgage payment and a mortagage payment schedule.
Result Summary
Monthly payment₦1887.12
| Month # | Balance | Interest | Principal |
|---|
| 1 | $100000.00 | $416.67 | $19834.03 |
| 2 | $80165.97 | $334.02 | $19916.67 |
| 3 | $60249.31 | $251.04 | $19999.65 |
| 4 | $40249.65 | $167.71 | $20082.99 |
| 5 | $20166.67 | $84.03 | $20166.67 |
Mortgage Terms of Reference
Mortgage Amount:This is the amount of money you want to borrow.
Interest Rate:This is the percentage of interest the bank will charge for borrowing you money.
Tenor:This is how long you will be you need the loan for ,it could be in months.
Total Repayments:This includes all interest and principle.The total assumes all payments are made as scheduled,and there are no prepayments of principle .