LastRent By Afrikcity

Instrument 03 — Financing

Mortgage Calculator

Model a repayment, work out what you can afford, or compare lenders side by side.

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₦
9.75% p.a.Fixed rate from plan
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Equity

Your equity is the down payment toward the property — fully adjustable. Most plans recommend at least 10% for MREIF Mortgage, but you can set any amount.

10%₦2,500,000

Amortization

20 years 0 months

Other loan repayments
Additional income sources

You are not eligible for this loan

Your Debt-to-Income (DTI) ratio cannot be greater than 33% of your documented monthly income.

Here's what you can do

  1. 1. Increase your equity — part of it can come from your RSA balance.
  2. 2. Consider a property priced below ₦25,000,000.
  3. 3. Add other income sources, like a spouse's salary or business income.

Need help? Speak with a LastRent advisor — +234 802 258 5251 · info@lastrent.ng

Estimated monthly payment

₦213,416

Principal 44%Interest 56%

Breakdown

Property price₦25,000,000
Mortgage loan₦22,500,000
Direct equity₦2,500,000
Net salary₦500,000
Duration20 years 0 months
Loan typeMREIF Mortgage at 9.75%
DTI ratio42.7% / 33.0% max
See eligible listings

This calculator is for informational purposes only and does not guarantee credit.