Mortgage Calculator

This mortgage calculator helps you to calculate interest on mortgage and to generate loan amortization.


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Mortgage Calculator

 
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%
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₦
years

Monthly Repayment (₦) 4,540.99
Total Loan Payment (₦) 108,983.86
Loan Amount (₦) 100,000.00
Total Interest Paid (₦) 8,983.86
Number of Installments [n] 24.00
Loan Rate (%) 8.40
Loan Years (years) 2.00
Down Payment Amount (₦) 0.00
First Payment Date Dec-2023
Last Payment Date Nov-2025

Mortgage Loan Repayment Schedule

S/N Payment Date Current Balance Monthly Repayment Interest Paid Principal Paid New Balance
S/N Payment Date Current Balance Monthly Repayment Interest Paid Principal Paid New Balance
1 Dec-2023 100,000.00 4,540.99 700.00 3,840.99 96,159.01
2 Jan-2024 96,159.01 4,540.99 673.11 3,867.88 92,291.12
3 Feb-2024 92,291.12 4,540.99 646.04 3,894.96 88,396.17
4 Mar-2024 88,396.17 4,540.99 618.77 3,922.22 84,473.95
5 Apr-2024 84,473.95 4,540.99 591.32 3,949.68 80,524.27
6 May-2024 80,524.27 4,540.99 563.67 3,977.32 76,546.95
7 Jun-2024 76,546.95 4,540.99 535.83 4,005.17 72,541.78
8 Jul-2024 72,541.78 4,540.99 507.79 4,033.20 68,508.58
9 Aug-2024 68,508.58 4,540.99 479.56 4,061.43 64,447.14
10 Sep-2024 64,447.14 4,540.99 451.13 4,089.86 60,357.28
11 Oct-2024 60,357.28 4,540.99 422.50 4,118.49 56,238.79
12 Nov-2024 56,238.79 4,540.99 393.67 4,147.32 52,091.46
13 Dec-2024 52,091.46 4,540.99 364.64 4,176.35 47,915.11
14 Jan-2025 47,915.11 4,540.99 335.41 4,205.59 43,709.52
15 Feb-2025 43,709.52 4,540.99 305.97 4,235.03 39,474.49
16 Mar-2025 39,474.49 4,540.99 276.32 4,264.67 35,209.82
17 Apr-2025 35,209.82 4,540.99 246.47 4,294.53 30,915.29
18 May-2025 30,915.29 4,540.99 216.41 4,324.59 26,590.71
19 Jun-2025 26,590.71 4,540.99 186.13 4,354.86 22,235.85
20 Jul-2025 22,235.85 4,540.99 155.65 4,385.34 17,850.50
21 Aug-2025 17,850.50 4,540.99 124.95 4,416.04 13,434.46
22 Sep-2025 13,434.46 4,540.99 94.04 4,446.95 8,987.51
23 Oct-2025 8,987.51 4,540.99 62.91 4,478.08 4,509.43
24 Nov-2025 4,509.43 4,540.99 31.57 4,509.43 0.00
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