Nigeria Mortgage
Calculate the monthly payment, total interest and payoff for a mortgage in Nigeria.
About Nigeria Mortgage
Mortgage payment estimate for a Nigeria purchase: principal and interest on the financed amount over the chosen term, ignoring property tax and insurance. Rates in Nigeria vary by lender and credit.
Formula
Payment
M = P × r(1+r)^n / ((1+r)^n − 1)
Estimate only — confirm rates and terms with your lender.
Frequently Asked Questions
Does this match real in Nigeria rates?
No — it is an estimate. Your actual rate depends on the lender, your credit and the current market.
How accurate is this estimate?
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.
Related Calculators
Nigeria specifics
- Currency
- ₦ NGNNigerian Naira
- Region
- Africa
- Country code
- NG
- Amounts look like
- ₦1,234,567.89
- Dates look like
- 9 Mar 2026
- Units
- metricWeek starts Monday
Results on this page are expressed in NGN (Nigerian Naira). Figures are estimates for general planning — confirm current rates and thresholds with the relevant Nigeria authority before relying on them.