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Estimate monthly mortgage payments including taxes and insurance
Mortgage Calculator estimates your monthly home loan repayment, total interest paid over the life of the loan, and the overall cost of homeownership based on your loan amount, interest rate, and repayment period.
Enter the property price, down payment amount, annual interest rate, and loan term in years. The tool calculates your estimated monthly payment using standard amortization formulas, then breaks down principal versus interest for each payment and shows the total cost over the full term.
A mortgage is likely the largest financial commitment you will make. This calculator gives you a realistic picture of monthly obligations and long-term costs before you approach a bank, helping you negotiate confidently and avoid borrowing more than you can comfortably repay.
Understand what monthly payments look like at different price points, down payment levels, and interest rates before committing to a property.
Compare mortgage scenarios across multiple properties to evaluate rental yield against monthly repayment obligations.
Model how a lower interest rate or extended term affects monthly payments and total interest before deciding to refinance.
See exactly how amortization works — how early payments are interest-heavy while later payments build equity faster.
A KSh 8 million apartment with a 20% down payment (KSh 1.6 million), 12% annual interest rate, and a 20-year term yields a monthly payment of approximately KSh 74,000 and total interest of KSh 9.8 million over the life of the loan.
A $300,000 loan at 6.5% interest costs $2,112 per month over 30 years ($460,320 total interest) but $2,613 per month over 15 years ($170,340 total interest) — showing the dramatic savings of a shorter term.
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Estimate your monthly payments and total costs