Calculate your monthly mortgage repayment, upfront fees, and total cost — including stamp duty, legal fees, valuation, and insurance — for any Kenyan bank mortgage.
A mortgage quote from a Kenyan bank comes with more than just a loan amount, rate, and term — stamp duty, legal fees, a bank valuation, and annual insurance all add to what you actually need upfront and every month. This calculator takes your home price, down payment, rate, and term, plus those fees and insurance, and works out your loan amount, monthly repayment, upfront cash needed, and total cost over the life of the mortgage.
How Your Monthly Repayment Is Calculated
Enter the home sale price, your down payment, the annual interest rate your bank has quoted, and the loan term in years. The calculator subtracts your down payment from the price to get your loan amount, then applies the standard reducing-balance EMI (equated monthly instalment) formula to work out a fixed monthly payment that fully repays the loan — principal and interest — by the end of the term. Change any input and every result updates immediately.
Reading the Results
Loan Amount: the home price minus your down payment — the amount the bank actually lends you.
Monthly (P&I): the fixed principal-and-interest instalment you'd pay every month for the full term.
Monthly incl. Insurance: the P&I instalment plus a monthly share of your annual mortgage/fire insurance premium.
Upfront Fees: stamp duty, legal fees, and valuation fees combined, calculated as a percentage of the home price and paid once at completion.
Cash Needed Upfront: your down payment plus the upfront fees — the total you need in hand before you get the keys.
Total Over Term (All-in): every monthly payment (P&I plus insurance) over the full term, plus your down payment and upfront fees — the true all-in cost of the home.
What Do Stamp Duty, Legal Fees, Valuation, and Insurance Cost?
The fee and insurance fields start blank — the placeholder text in each box shows a typical figure, but you need to type in a value for it to count toward your results. Stamp duty is charged by KRA at 4% of the property value for urban residential property (2% for agricultural land). Legal fees follow the Law Society of Kenya's sliding scale, starting at 1.5% for the first KES 500,000 of value and stepping down from there; use the dedicated Property Legal Fees Calculator for a band-by-band figure. Valuation fees follow the Valuers Act scale — 1.0% on the first KES 5,000,000 of value plus 0.25% on the remainder (minimum KES 25,000), which works out to roughly 0.5% for a typical mid-market home. Annual mortgage insurance (fire/property cover plus mortgage protection) typically runs 0.3%–0.6% of the property value per year; this calculator suggests 0.4% as a blended estimate. All four figures vary by lender, advocate, and insurer, so confirm the exact numbers for your transaction before relying on them.
Why Kenyan Mortgage Rates Vary So Much
Kenyan banks typically charge somewhere between 12.5% and 16% per annum on mortgage loans, and where you land in that range depends on the lender, your credit profile, and whether the rate is fixed or variable. Because there's no single official mortgage rate in Kenya, this calculator starts you off at a reasonable default rate but lets you overwrite it with whatever your bank has actually quoted — the result is only as accurate as the rate and fees you enter.
Using This to Compare Offers
If you're comparing quotes from two or three banks, run each one through the calculator with its own rate, term, and fee estimates to see the monthly repayment and all-in cost side by side, rather than comparing interest rates alone. A slightly lower rate over a longer term can still cost more in total than a slightly higher rate over a shorter one — the "Total Over Term (All-in)" figure is the more honest number to compare on, not the monthly payment by itself.
What is the typical mortgage rate in Kenya?
Kenyan banks typically charge between 12.5% and 16% per annum on mortgage loans, depending on the lender and your credit profile.
What upfront fees apply to a Kenyan mortgage besides the down payment?
Expect stamp duty (4% of the property value for urban residential property), legal fees (Law Society of Kenya sliding scale, starting at 1.5%), and a bank valuation fee, all paid once at completion on top of your down payment.
Is mortgage insurance included in the monthly repayment?
No — mortgage protection and fire insurance are billed separately from the principal-and-interest instalment. This calculator adds your estimated annual insurance premium as a monthly amount so you can see the combined monthly cost.