Financing calculator
Estimate your monthly mortgage payment in seconds.
Down payment — 20 % (16,000,000 FCFA)
Annual interest rate — 8 %
Term — 20 yrs
Estimated monthly payment
535,322 FCFA
Loan amount
64,000,000 FCFA
Total interest
64,477,195 FCFA
Total cost of credit
128,477,195 FCFA
Indicative estimate with fixed monthly payments, excluding insurance and fees. Not a loan offer.
How the calculation works
The calculator uses the formula for a loan with equal monthly payments, the most common kind of mortgage. It starts from the property price, subtracts your down payment to get the amount borrowed, then spreads the repayment of capital and interest over the chosen term: you pay the same amount every month, and the interest share falls over time.
The rate shown when the page opens (8%) is only a starting value, not a market rate. Replace it with the rate your bank quotes: a few tenths of a point change the total cost noticeably over 15 or 20 years.
What the result does not include
- borrower insurance, which most banks require;
- arrangement and security fees (mortgage or guarantee);
- purchase costs: notary, registration or transfer duties, surveyor;
- any change in the rate if the loan is not fixed-rate.
Preparing your loan application
Each bank sets its own list of documents. Expect to provide at least an identity document, recent proof of income, bank statements and the property documents (sale agreement, title deed, or reservation contract for an off-plan purchase). If you are buying from abroad, ask the bank whether it lends to non-residents and in which currency.