Mortgage Affordability Calculator

Explore the home your income and deposit could support.

1. Personal information
2. Mortgage details

Reference terms: up to 20 years and at least 10% deposit. Lender criteria still apply.

3. Deposit

How this estimate works

We use a fixed-rate, monthly reducing-balance mortgage calculation. The default debt allowance is an editable planning assumption of 33% of net income, less existing debt repayments. The repayment term is limited by the end age you enter. With the MREIF reference selected, we also apply a 20-year term limit, a 10% deposit requirement and a ₦100 million reference loan limit. Individual lenders may apply different requirements.

For a custom mortgage, you can change the annual rate, deposit percentage and term (up to 40 years).

View the MREIF reference calculator ↗