Mortgage Calculator | Property Databank

Financial Tools

Mortgage & Amortization Calculator

Estimate your monthly mortgage payments, assess affordability, and view detailed payment schedules for your property investment.

Loan Parameters

Adjust the values below to calculate your mortgage

Property ValueGH₵500,000

GHS 50,000GHS 5,000,000

Down Payment20% (GH₵100,000)

5%50%

Interest Rate (Annual)18%

5%35%

Loan Term20 years

Monthly Income (for affordability)

Estimated Monthly Payment

GH₵6,173

for 20 years (240 payments)

Loan Summary

Loan Amount

GH₵400,000

Down Payment

GH₵100,000

Total Interest

GH₵1,081,579

Total Payment

GH₵1,481,579

Principal (27.0%)Interest (73.0%)

Affordability Assessment

Debt-to-Income Ratio

41.2%

Moderate

• Recommended: Keep housing costs below 28% of income

• Maximum advised: 36% of gross monthly income

• Above 43% may affect loan approval

Payment Visualization

Visual breakdown of principal vs interest over the loan term

Annual payment breakdown showing how principal and interest portions change over time

Amortization Schedule

View detailed breakdown of your loan payments over time

Year	Annual Payment	Principal	Interest	Ending Balance
1	GH₵74,079	GH₵2,259	GH₵71,820	GH₵397,741
2	GH₵74,079	GH₵2,701	GH₵71,378	GH₵395,039
3	GH₵74,079	GH₵3,230	GH₵70,849	GH₵391,810
4	GH₵74,079	GH₵3,862	GH₵70,217	GH₵387,948
5	GH₵74,079	GH₵4,617	GH₵69,462	GH₵383,331
6	GH₵74,079	GH₵5,520	GH₵68,559	GH₵377,811
7	GH₵74,079	GH₵6,600	GH₵67,479	GH₵371,211
8	GH₵74,079	GH₵7,891	GH₵66,188	GH₵363,320
9	GH₵74,079	GH₵9,435	GH₵64,644	GH₵353,886
10	GH₵74,079	GH₵11,280	GH₵62,799	GH₵342,606
11	GH₵74,079	GH₵13,487	GH₵60,592	GH₵329,119
12	GH₵74,079	GH₵16,125	GH₵57,954	GH₵312,994
13	GH₵74,079	GH₵19,279	GH₵54,800	GH₵293,715
14	GH₵74,079	GH₵23,051	GH₵51,028	GH₵270,664
15	GH₵74,079	GH₵27,560	GH₵46,519	GH₵243,104
16	GH₵74,079	GH₵32,951	GH₵41,128	GH₵210,153
17	GH₵74,079	GH₵39,397	GH₵34,682	GH₵170,756
18	GH₵74,079	GH₵47,104	GH₵26,975	GH₵123,653
19	GH₵74,079	GH₵56,318	GH₵17,761	GH₵67,335
20	GH₵74,079	GH₵67,335	GH₵6,744	GH₵0
Total	GH₵1,481,579	GH₵400,000	GH₵1,081,579	GHS 0

Disclaimer: This calculator provides estimates only. Actual mortgage terms, rates, and payments may vary based on lender requirements, credit assessment, and market conditions. Contact our financing team for a personalized quote.