Professional mortgage calculator for Kenya home buyers. Calculate your monthly mortgage payments, total interest, loan affordability, and amortization schedule for property purchases.
20.0% of property value
Loan-to-Value (LTV): 80.0%
Total Amount Payable: KES 11,247,127 (Loan + Interest)
Total Investment: KES 12,247,127
*Typical Kenya mortgage rates: 11-15%. Banks require 10-20% deposit. This calculation excludes legal fees, valuation, stamp duty.
A mortgage is a long-term loan specifically for purchasing property. In Kenya, mortgages typically run for 5-25 years with interest rates ranging from 11% to 15% annually. Banks and financial institutions require a minimum deposit (usually 10-20% of property value) and assess your income to determine loan eligibility. Our mortgage calculator helps you plan your home purchase by showing exact monthly payments and total costs.
Several factors determine your mortgage in Kenya:
When budgeting for a mortgage, remember additional costs: Legal fees (1-2% of property value), valuation fees (KES 10,000-30,000), stamp duty (4% of property value), mortgage insurance (if required), and property insurance. Our calculator focuses on the loan itself, but budget for these extras when planning your home purchase.
Planning to buy a home? Ensure you can afford the mortgage by first understanding your finances with our net salary calculator, PAYE calculator, or our loan calculator to get a complete picture of your financial situation.
Our calculations are based on official rates and guidelines from these authoritative Kenyan government institutions:
Mortgage lending regulations and housing finance guidelines
Affordable housing finance and mortgage refinancing information
Mortgage products, rates, and lending standards
Government housing programs and affordable housing initiatives
Determine how much house you can afford based on your income and deposit.
Calculate exact monthly mortgage payments including principal and interest.
See year-by-year breakdown of principal vs interest payments over loan life.
Understand total amount payable including all interest over the mortgage period.
Banks typically allow mortgage EMI of up to 30-40% of your gross monthly income. For example, with a gross salary of KES 200,000, you might qualify for EMI of KES 60,000-80,000, which could finance a loan of KES 10-12 million over 20 years at 13% interest.
Most Kenyan banks require a minimum deposit of 10-20% of the property value. Some affordable housing schemes may accept lower deposits (5-10%), while high-value properties might require 20-30%. A larger deposit reduces your loan amount and monthly EMI.
Yes! Kenyan taxpayers can claim mortgage interest relief on their PAYE tax. This relief can significantly reduce your tax burden, effectively lowering the true cost of your mortgage. Consult with KRA or your tax advisor for current relief limits.
Fixed rates provide payment certainty but might be higher initially. Variable rates can start lower but may increase. In Kenya's current market, many prefer fixed rates for budgeting certainty, especially for first-time buyers.
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Plan your home purchase with confidence. Calculate mortgage payments, affordability, and total costs before committing.