Buying tools
Mortgage payment calculator for Kenya
Estimate your monthly mortgage payment on any Nairobi apartment. Adjust the price, your deposit, the interest rate and the loan term to see what fits your budget.
Calculate your monthly payment
Defaults to current Kenyan mid-market mortgage rates.
Estimated monthly payment
Ksh 153,600
Per month for 20 years at 14.50% p.a.
Deposit upfront
Ksh 3,000,000
Loan amount
Ksh 12,000,000
Total interest
Ksh 24,863,936
Total to repay
Ksh 36,863,936
Indicative only. Actual rates and terms vary by lender and borrower. Get a written quote from your bank before you commit.
Run the numbers on real Nairobi listings
Plug a real asking price into the calculator. Each area below has 18 to 55 active listings.
Common questions about Kenyan home loans
What is the typical mortgage rate in Kenya?
Residential mortgages in Kenya are typically priced between 12 percent and 17 percent per year. The exact rate depends on the lender, your borrower profile and the loan-to-value ratio. The calculator defaults to 14.5 percent as a mid-market reference. Get a written quote from your bank for an accurate figure.
How much deposit do I need?
Kenyan lenders typically require a deposit of 10 to 30 percent of the apartment price. Some banks run first-time-buyer programmes that go up to 90 percent loan-to-value (10 percent deposit). Most ask for 20 to 30 percent down. The calculator defaults to 20 percent.
What loan term should I pick?
Standard apartment mortgages in Kenya run 15 to 25 years. Shorter terms mean a higher monthly payment but less total interest. Longer terms mean a more affordable monthly payment but you pay much more over the life of the loan. The calculator defaults to 20 years, the most common choice.
Are off-plan apartments mortgageable?
Yes, but the structure is different. For off-plan units the lender often releases the loan in tranches matching the developer's milestone payments, and you typically only start servicing the full loan after handover. Several Kenyan lenders offer dedicated off-plan products. Talk to your bank early in the process.
Can a foreigner get a Kenyan mortgage?
Yes. Foreigners with a valid work permit or permanent residency can apply for a mortgage from most Kenyan banks. Diaspora Kenyans can apply through diaspora-banking units offered by several local lenders. Documentation requirements are heavier (KRA PIN, proof of income, sometimes a local guarantor).
Are these calculator figures binding?
No. The calculator gives an indicative monthly payment using a standard amortising-loan formula. Actual bank quotes include arrangement fees, valuation fees, legal fees, stamp duty, mortgage protection cover and insurance, typically adding 5 to 8 percent to the upfront cost. Always get a written quote before committing.