Skip to content
paybillke
Calculator
Calculator

Kenya mortgage calculator

Estimate your monthly mortgage repayment, total interest, and total cost. Built for Kenyan property prices and rates.

KES
%
%
years

Result

Monthly payment

KES 79,585

Deposit needed

KES 1,600,000

Mortgage amount

KES 6,400,000

Total paid (over term)

KES 19,100,480

Total interest

KES 12,700,480

How Kenyan mortgages work

Most Kenyan mortgages run for 15 to 25 years, require a 10 to 30% deposit, and price at the Central Bank Rate plus a margin (typically 4 to 8 percentage points above CBR). The biggest mortgage providers in 2026 are KCB, Absa, Stanbic, NCBA, Standard Chartered, and HF Group. Rates vary by lender and customer profile.

Hidden costs to factor in

  • Stamp duty (4% of property value in urban areas, 2% rural)
  • Legal fees (around 1 to 2% of loan amount)
  • Valuation fees (KES 30,000 to 100,000+ depending on property)
  • Mortgage protection insurance (annual premium)
  • Property insurance (annual premium)
  • Land registry transfer fees

These add roughly 6 to 10% on top of the property price for a first-time buyer, payable upfront. The calculator shows the loan side; budget separately for closing costs.

Tax relief on mortgage interest

Mortgage interest on a loan to buy or improve your residence is deductible from taxable income, capped at KES 30,000 per month (KES 360,000 per year) under Finance Act 2024. This reduces your PAYE. Use our PAYE calculator to factor it in.

Frequently asked

What deposit do I need?

Most Kenyan banks require 10 to 20% deposit for owner-occupied mortgages. Investment property typically needs 30%. KMRC-supported mortgages can go as low as 10% for first-time buyers under specific schemes.

Are Kenyan mortgage rates fixed or variable?

Most are variable, priced as CBR plus a margin. When CBR changes, your monthly payment changes. A small number of fixed-rate mortgages exist but are rare.

Should I take a longer term to lower the monthly payment?

Lower monthly payment, but significantly more interest over the loan life. A 20-year mortgage at 14% costs roughly 2.5x the principal in interest. Compare scenarios with the calculator before committing.

What is KMRC?

Kenya Mortgage Refinance Company, a CBK-licensed institution that supports lower-rate longer-term mortgages by refinancing primary lenders. KMRC-backed mortgages are typically a percentage point or two cheaper than standard bank mortgages.

Related