All Malawi Mortgage (Home) Calculator

Home Price
MK
Down Payment
Loan Term
Interest Rate
%
Start Date
Monthly Payment
Results Summary

House Price: MK1960000.00

Loan Amount: MK1764000.00

Down Payment: MK196000.00

Total of 240 Mortgage Payments: MK2610314.40

Total Interest: MK846314.40

Mortgage Payoff Date: Apr 2045

Amortization Schedule

🗓️ Monthly Amortization Schedule
MonthDateInterestPrincipalEnding Balance
1 Apr 2025 MK6174.00 MK4702.31 MK1759297.69
2 May 2025 MK6157.54 MK4718.77 MK1754578.92
3 Jun 2025 MK6141.03 MK4735.28 MK1749843.64
4 Jul 2025 MK6124.45 MK4751.86 MK1745091.78
5 Aug 2025 MK6107.82 MK4768.49 MK1740323.29
6 Sep 2025 MK6091.13 MK4785.18 MK1735538.11
7 Oct 2025 MK6074.38 MK4801.93 MK1730736.19
8 Nov 2025 MK6057.58 MK4818.73 MK1725917.45
9 Dec 2025 MK6040.71 MK4835.60 MK1721081.85
10 Jan 2026 MK6023.79 MK4852.52 MK1716229.33
11 Feb 2026 MK6006.80 MK4869.51 MK1711359.82
12 Mar 2026 MK5989.76 MK4886.55 MK1706473.27
13 Apr 2026 MK5972.66 MK4903.65 MK1701569.62
14 May 2026 MK5955.49 MK4920.82 MK1696648.80
15 Jun 2026 MK5938.27 MK4938.04 MK1691710.76
16 Jul 2026 MK5920.99 MK4955.32 MK1686755.44
17 Aug 2026 MK5903.64 MK4972.67 MK1681782.78
18 Sep 2026 MK5886.24 MK4990.07 MK1676792.71
19 Oct 2026 MK5868.77 MK5007.54 MK1671785.17
20 Nov 2026 MK5851.25 MK5025.06 MK1666760.11
21 Dec 2026 MK5833.66 MK5042.65 MK1661717.46
22 Jan 2027 MK5816.01 MK5060.30 MK1656657.16
23 Feb 2027 MK5798.30 MK5078.01 MK1651579.15
24 Mar 2027 MK5780.53 MK5095.78 MK1646483.37
25 Apr 2027 MK5762.69 MK5113.62 MK1641369.75
26 May 2027 MK5744.79 MK5131.52 MK1636238.23
27 Jun 2027 MK5726.83 MK5149.48 MK1631088.76
28 Jul 2027 MK5708.81 MK5167.50 MK1625921.26
29 Aug 2027 MK5690.72 MK5185.59 MK1620735.67
30 Sep 2027 MK5672.57 MK5203.74 MK1615531.94
31 Oct 2027 MK5654.36 MK5221.95 MK1610309.99
32 Nov 2027 MK5636.08 MK5240.23 MK1605069.76
33 Dec 2027 MK5617.74 MK5258.57 MK1599811.20
34 Jan 2028 MK5599.34 MK5276.97 MK1594534.23
35 Feb 2028 MK5580.87 MK5295.44 MK1589238.79
36 Mar 2028 MK5562.34 MK5313.97 MK1583924.81
37 Apr 2028 MK5543.74 MK5332.57 MK1578592.24
38 May 2028 MK5525.07 MK5351.24 MK1573241.00
39 Jun 2028 MK5506.34 MK5369.97 MK1567871.04
40 Jul 2028 MK5487.55 MK5388.76 MK1562482.27
41 Aug 2028 MK5468.69 MK5407.62 MK1557074.65
42 Sep 2028 MK5449.76 MK5426.55 MK1551648.10
43 Oct 2028 MK5430.77 MK5445.54 MK1546202.56
44 Nov 2028 MK5411.71 MK5464.60 MK1540737.96
45 Dec 2028 MK5392.58 MK5483.73 MK1535254.23
46 Jan 2029 MK5373.39 MK5502.92 MK1529751.31
47 Feb 2029 MK5354.13 MK5522.18 MK1524229.13
48 Mar 2029 MK5334.80 MK5541.51 MK1518687.62
49 Apr 2029 MK5315.41 MK5560.90 MK1513126.72
50 May 2029 MK5295.94 MK5580.37 MK1507546.35
51 Jun 2029 MK5276.41 MK5599.90 MK1501946.46
52 Jul 2029 MK5256.81 MK5619.50 MK1496326.96
53 Aug 2029 MK5237.14 MK5639.17 MK1490687.79
54 Sep 2029 MK5217.41 MK5658.90 MK1485028.89
55 Oct 2029 MK5197.60 MK5678.71 MK1479350.18
56 Nov 2029 MK5177.73 MK5698.58 MK1473651.60
57 Dec 2029 MK5157.78 MK5718.53 MK1467933.07
58 Jan 2030 MK5137.77 MK5738.54 MK1462194.52
59 Feb 2030 MK5117.68 MK5758.63 MK1456435.90
60 Mar 2030 MK5097.53 MK5778.78 MK1450657.11
61 Apr 2030 MK5077.30 MK5799.01 MK1444858.10
62 May 2030 MK5057.00 MK5819.31 MK1439038.79
63 Jun 2030 MK5036.64 MK5839.67 MK1433199.12
64 Jul 2030 MK5016.20 MK5860.11 MK1427339.01
65 Aug 2030 MK4995.69 MK5880.62 MK1421458.38
66 Sep 2030 MK4975.10 MK5901.21 MK1415557.18
67 Oct 2030 MK4954.45 MK5921.86 MK1409635.32
68 Nov 2030 MK4933.72 MK5942.59 MK1403692.73
69 Dec 2030 MK4912.92 MK5963.39 MK1397729.35
70 Jan 2031 MK4892.05 MK5984.26 MK1391745.09
71 Feb 2031 MK4871.11 MK6005.20 MK1385739.89
72 Mar 2031 MK4850.09 MK6026.22 MK1379713.67
73 Apr 2031 MK4829.00 MK6047.31 MK1373666.35
74 May 2031 MK4807.83 MK6068.48 MK1367597.88
75 Jun 2031 MK4786.59 MK6089.72 MK1361508.16
76 Jul 2031 MK4765.28 MK6111.03 MK1355397.13
77 Aug 2031 MK4743.89 MK6132.42 MK1349264.71
78 Sep 2031 MK4722.43 MK6153.88 MK1343110.82
79 Oct 2031 MK4700.89 MK6175.42 MK1336935.40
80 Nov 2031 MK4679.27 MK6197.04 MK1330738.37
81 Dec 2031 MK4657.58 MK6218.73 MK1324519.64
82 Jan 2032 MK4635.82 MK6240.49 MK1318279.15
83 Feb 2032 MK4613.98 MK6262.33 MK1312016.82
84 Mar 2032 MK4592.06 MK6284.25 MK1305732.56
85 Apr 2032 MK4570.06 MK6306.25 MK1299426.32
86 May 2032 MK4547.99 MK6328.32 MK1293098.00
87 Jun 2032 MK4525.84 MK6350.47 MK1286747.53
88 Jul 2032 MK4503.62 MK6372.69 MK1280374.84
89 Aug 2032 MK4481.31 MK6395.00 MK1273979.84
90 Sep 2032 MK4458.93 MK6417.38 MK1267562.46
91 Oct 2032 MK4436.47 MK6439.84 MK1261122.62
92 Nov 2032 MK4413.93 MK6462.38 MK1254660.24
93 Dec 2032 MK4391.31 MK6485.00 MK1248175.24
94 Jan 2033 MK4368.61 MK6507.70 MK1241667.54
95 Feb 2033 MK4345.84 MK6530.47 MK1235137.07
96 Mar 2033 MK4322.98 MK6553.33 MK1228583.74
97 Apr 2033 MK4300.04 MK6576.27 MK1222007.47
98 May 2033 MK4277.03 MK6599.28 MK1215408.19
99 Jun 2033 MK4253.93 MK6622.38 MK1208785.81
100 Jul 2033 MK4230.75 MK6645.56 MK1202140.25
101 Aug 2033 MK4207.49 MK6668.82 MK1195471.43
102 Sep 2033 MK4184.15 MK6692.16 MK1188779.27
103 Oct 2033 MK4160.73 MK6715.58 MK1182063.69
104 Nov 2033 MK4137.22 MK6739.09 MK1175324.60
105 Dec 2033 MK4113.64 MK6762.67 MK1168561.92
106 Jan 2034 MK4089.97 MK6786.34 MK1161775.58
107 Feb 2034 MK4066.21 MK6810.10 MK1154965.49
108 Mar 2034 MK4042.38 MK6833.93 MK1148131.56
109 Apr 2034 MK4018.46 MK6857.85 MK1141273.71
110 May 2034 MK3994.46 MK6881.85 MK1134391.85
111 Jun 2034 MK3970.37 MK6905.94 MK1127485.92
112 Jul 2034 MK3946.20 MK6930.11 MK1120555.81
113 Aug 2034 MK3921.95 MK6954.36 MK1113601.44
114 Sep 2034 MK3897.61 MK6978.70 MK1106622.74
115 Oct 2034 MK3873.18 MK7003.13 MK1099619.61
116 Nov 2034 MK3848.67 MK7027.64 MK1092591.96
117 Dec 2034 MK3824.07 MK7052.24 MK1085539.73
118 Jan 2035 MK3799.39 MK7076.92 MK1078462.81
119 Feb 2035 MK3774.62 MK7101.69 MK1071361.12
120 Mar 2035 MK3749.76 MK7126.55 MK1064234.57
121 Apr 2035 MK3724.82 MK7151.49 MK1057083.08
122 May 2035 MK3699.79 MK7176.52 MK1049906.56
123 Jun 2035 MK3674.67 MK7201.64 MK1042704.92
124 Jul 2035 MK3649.47 MK7226.84 MK1035478.08
125 Aug 2035 MK3624.17 MK7252.14 MK1028225.94
126 Sep 2035 MK3598.79 MK7277.52 MK1020948.43
127 Oct 2035 MK3573.32 MK7302.99 MK1013645.43
128 Nov 2035 MK3547.76 MK7328.55 MK1006316.88
129 Dec 2035 MK3522.11 MK7354.20 MK998962.68
130 Jan 2036 MK3496.37 MK7379.94 MK991582.74
131 Feb 2036 MK3470.54 MK7405.77 MK984176.97
132 Mar 2036 MK3444.62 MK7431.69 MK976745.28
133 Apr 2036 MK3418.61 MK7457.70 MK969287.58
134 May 2036 MK3392.51 MK7483.80 MK961803.78
135 Jun 2036 MK3366.31 MK7510.00 MK954293.78
136 Jul 2036 MK3340.03 MK7536.28 MK946757.50
137 Aug 2036 MK3313.65 MK7562.66 MK939194.84
138 Sep 2036 MK3287.18 MK7589.13 MK931605.71
139 Oct 2036 MK3260.62 MK7615.69 MK923990.02
140 Nov 2036 MK3233.97 MK7642.34 MK916347.68
141 Dec 2036 MK3207.22 MK7669.09 MK908678.58
142 Jan 2037 MK3180.38 MK7695.93 MK900982.65
143 Feb 2037 MK3153.44 MK7722.87 MK893259.78
144 Mar 2037 MK3126.41 MK7749.90 MK885509.88
145 Apr 2037 MK3099.28 MK7777.03 MK877732.85
146 May 2037 MK3072.06 MK7804.25 MK869928.61
147 Jun 2037 MK3044.75 MK7831.56 MK862097.05
148 Jul 2037 MK3017.34 MK7858.97 MK854238.08
149 Aug 2037 MK2989.83 MK7886.48 MK846351.60
150 Sep 2037 MK2962.23 MK7914.08 MK838437.52
151 Oct 2037 MK2934.53 MK7941.78 MK830495.74
152 Nov 2037 MK2906.74 MK7969.57 MK822526.17
153 Dec 2037 MK2878.84 MK7997.47 MK814528.70
154 Jan 2038 MK2850.85 MK8025.46 MK806503.24
155 Feb 2038 MK2822.76 MK8053.55 MK798449.69
156 Mar 2038 MK2794.57 MK8081.74 MK790367.95
157 Apr 2038 MK2766.29 MK8110.02 MK782257.93
158 May 2038 MK2737.90 MK8138.41 MK774119.52
159 Jun 2038 MK2709.42 MK8166.89 MK765952.63
160 Jul 2038 MK2680.83 MK8195.48 MK757757.16
161 Aug 2038 MK2652.15 MK8224.16 MK749533.00
162 Sep 2038 MK2623.37 MK8252.94 MK741280.05
163 Oct 2038 MK2594.48 MK8281.83 MK732998.22
164 Nov 2038 MK2565.49 MK8310.82 MK724687.41
165 Dec 2038 MK2536.41 MK8339.90 MK716347.50
166 Jan 2039 MK2507.22 MK8369.09 MK707978.41
167 Feb 2039 MK2477.92 MK8398.39 MK699580.02
168 Mar 2039 MK2448.53 MK8427.78 MK691152.24
169 Apr 2039 MK2419.03 MK8457.28 MK682694.97
170 May 2039 MK2389.43 MK8486.88 MK674208.09
171 Jun 2039 MK2359.73 MK8516.58 MK665691.51
172 Jul 2039 MK2329.92 MK8546.39 MK657145.12
173 Aug 2039 MK2300.01 MK8576.30 MK648568.81
174 Sep 2039 MK2269.99 MK8606.32 MK639962.50
175 Oct 2039 MK2239.87 MK8636.44 MK631326.05
176 Nov 2039 MK2209.64 MK8666.67 MK622659.39
177 Dec 2039 MK2179.31 MK8697.00 MK613962.38
178 Jan 2040 MK2148.87 MK8727.44 MK605234.94
179 Feb 2040 MK2118.32 MK8757.99 MK596476.95
180 Mar 2040 MK2087.67 MK8788.64 MK587688.31
181 Apr 2040 MK2056.91 MK8819.40 MK578868.91
182 May 2040 MK2026.04 MK8850.27 MK570018.64
183 Jun 2040 MK1995.07 MK8881.24 MK561137.40
184 Jul 2040 MK1963.98 MK8912.33 MK552225.07
185 Aug 2040 MK1932.79 MK8943.52 MK543281.55
186 Sep 2040 MK1901.49 MK8974.82 MK534306.72
187 Oct 2040 MK1870.07 MK9006.24 MK525300.49
188 Nov 2040 MK1838.55 MK9037.76 MK516262.73
189 Dec 2040 MK1806.92 MK9069.39 MK507193.34
190 Jan 2041 MK1775.18 MK9101.13 MK498092.20
191 Feb 2041 MK1743.32 MK9132.99 MK488959.22
192 Mar 2041 MK1711.36 MK9164.95 MK479794.26
193 Apr 2041 MK1679.28 MK9197.03 MK470597.23
194 May 2041 MK1647.09 MK9229.22 MK461368.01
195 Jun 2041 MK1614.79 MK9261.52 MK452106.49
196 Jul 2041 MK1582.37 MK9293.94 MK442812.55
197 Aug 2041 MK1549.84 MK9326.47 MK433486.09
198 Sep 2041 MK1517.20 MK9359.11 MK424126.98
199 Oct 2041 MK1484.44 MK9391.87 MK414735.11
200 Nov 2041 MK1451.57 MK9424.74 MK405310.38
201 Dec 2041 MK1418.59 MK9457.72 MK395852.65
202 Jan 2042 MK1385.48 MK9490.83 MK386361.83
203 Feb 2042 MK1352.27 MK9524.04 MK376837.78
204 Mar 2042 MK1318.93 MK9557.38 MK367280.41
205 Apr 2042 MK1285.48 MK9590.83 MK357689.58
206 May 2042 MK1251.91 MK9624.40 MK348065.18
207 Jun 2042 MK1218.23 MK9658.08 MK338407.10
208 Jul 2042 MK1184.42 MK9691.89 MK328715.21
209 Aug 2042 MK1150.50 MK9725.81 MK318989.41
210 Sep 2042 MK1116.46 MK9759.85 MK309229.56
211 Oct 2042 MK1082.30 MK9794.01 MK299435.55
212 Nov 2042 MK1048.02 MK9828.29 MK289607.27
213 Dec 2042 MK1013.63 MK9862.68 MK279744.58
214 Jan 2043 MK979.11 MK9897.20 MK269847.38
215 Feb 2043 MK944.47 MK9931.84 MK259915.54
216 Mar 2043 MK909.70 MK9966.61 MK249948.93
217 Apr 2043 MK874.82 MK10001.49 MK239947.44
218 May 2043 MK839.82 MK10036.49 MK229910.95
219 Jun 2043 MK804.69 MK10071.62 MK219839.33
220 Jul 2043 MK769.44 MK10106.87 MK209732.45
221 Aug 2043 MK734.06 MK10142.25 MK199590.21
222 Sep 2043 MK698.57 MK10177.74 MK189412.46
223 Oct 2043 MK662.94 MK10213.37 MK179199.10
224 Nov 2043 MK627.20 MK10249.11 MK168949.98
225 Dec 2043 MK591.32 MK10284.99 MK158665.00
226 Jan 2044 MK555.33 MK10320.98 MK148344.02
227 Feb 2044 MK519.20 MK10357.11 MK137986.91
228 Mar 2044 MK482.95 MK10393.36 MK127593.55
229 Apr 2044 MK446.58 MK10429.73 MK117163.82
230 May 2044 MK410.07 MK10466.24 MK106697.58
231 Jun 2044 MK373.44 MK10502.87 MK96194.72
232 Jul 2044 MK336.68 MK10539.63 MK85655.09
233 Aug 2044 MK299.79 MK10576.52 MK75078.57
234 Sep 2044 MK262.77 MK10613.54 MK64465.04
235 Oct 2044 MK225.63 MK10650.68 MK53814.35
236 Nov 2044 MK188.35 MK10687.96 MK43126.39
237 Dec 2044 MK150.94 MK10725.37 MK32401.03
238 Jan 2045 MK113.40 MK10762.91 MK21638.12
239 Feb 2045 MK75.73 MK10800.58 MK10837.54
240 Mar 2045 MK37.93 MK10838.38 MK-0.84

📅 Annual Amortization Schedule
YearDateInterestPrincipalEnding Balance
1 Apr 2025 - Apr 2026 MK72988.99 MK57526.73 MK1706473.27
2 Apr 2026 - Apr 2027 MK70525.81 MK59989.91 MK1646483.37
3 Apr 2027 - Apr 2028 MK67957.17 MK62558.55 MK1583924.81
4 Apr 2028 - Apr 2029 MK65278.53 MK65237.19 MK1518687.62
5 Apr 2029 - Apr 2030 MK62485.21 MK68030.51 MK1450657.11
6 Apr 2030 - Apr 2031 MK59572.28 MK70943.44 MK1379713.67
7 Apr 2031 - Apr 2032 MK56534.62 MK73981.10 MK1305732.56
8 Apr 2032 - Apr 2033 MK53366.89 MK77148.83 MK1228583.74
9 Apr 2033 - Apr 2034 MK50063.54 MK80452.18 MK1148131.56
10 Apr 2034 - Apr 2035 MK46618.73 MK83896.99 MK1064234.57
11 Apr 2035 - Apr 2036 MK43026.43 MK87489.29 MK976745.28
12 Apr 2036 - Apr 2037 MK39280.32 MK91235.40 MK885509.88
13 Apr 2037 - Apr 2038 MK35373.80 MK95141.92 MK790367.95
14 Apr 2038 - Apr 2039 MK31300.01 MK99215.71 MK691152.24
15 Apr 2039 - Apr 2040 MK27051.79 MK103463.93 MK587688.31
16 Apr 2040 - Apr 2041 MK22621.67 MK107894.05 MK479794.26
17 Apr 2041 - Apr 2042 MK18001.86 MK112513.86 MK367280.41
18 Apr 2042 - Apr 2043 MK13184.24 MK117331.48 MK249948.93
19 Apr 2043 - Apr 2044 MK8160.34 MK122355.38 MK127593.55
20 Apr 2044 - Apr 2045 MK2921.33 MK127594.39 MK-0.84

 

Simple Mortgage (Home) Loan Repayment Calculator Malawi

The Simple Mortgage (Home) Loan Repayment Calculator Malawi is an essential tool for anyone looking to navigate the mortgage landscape in Malawi. At mortgagecalculator24.com, we provide a user-friendly platform that helps you quickly calculate your mortgage repayments, making the home buying process easier and more transparent.

How the Simple Mortgage (Home) Loan Repayment Calculator Malawi Works

  • Enter Home Price
  • Down Payment (optional)
  • Loan Term
  • Interest Rate
  • Start Date
  • Add Taxes and Other Amounts
  • Get Instant Results

Factors to Consider Before Getting a Mortgage

Before applying for a mortgage, consider the following key factors:

  • Credit Score: A higher credit score can lead to better interest rates.
  • Income Stability: Ensure you have a reliable income to cover monthly repayments.
  • Loan Amount: Decide how much you can afford to borrow without straining your finances.
  • Market Conditions: Understanding local property market trends can help you make informed decisions.

Common Mistakes to Avoid When Getting a Mortgage in Malawi

Here are some common pitfalls to avoid:

  • Not Shopping Around: Failing to compare different lenders can result in higher costs.
  • Ignoring the Fine Print: Overlooking terms and conditions may lead to unexpected fees.
  • Underestimating Total Costs: Many focus solely on the principal and interest, missing other important expenses.
  • Neglecting to Factor in Future Financial Changes: Consider how life changes could impact your ability to repay.

Mortgage Costs Often Overlooked

  • Closing Costs: These can include fees for appraisal, title insurance, and attorney services.
  • Property Taxes: Ongoing taxes that can significantly impact your monthly budget.
  • Homeowners Insurance: Required coverage to protect your investment against damages.
  • Maintenance Costs: Regular upkeep is necessary to preserve property value.

Frequently Asked Questions About Mortgages in Malawi

What is a mortgage?

A mortgage is a loan specifically for purchasing property, secured by the value of that property.

How do I qualify for a mortgage in Malawi?

Qualification typically depends on your income, credit score, and overall financial health.

What is the average interest rate for mortgages in Malawi?

Interest rates vary, but they are generally influenced by market conditions and the central bank’s policies.

What documents do I need for a mortgage application?

You will typically need proof of income, identification, and financial statements.

Can I pay off my mortgage early?

Yes, but be sure to check for any prepayment penalties that may apply.

What is the difference between fixed and variable interest rates?

Fixed rates remain constant throughout the loan term, while variable rates can fluctuate based on market conditions.

How much can I borrow?

Your borrowing capacity is influenced by your income, credit score, and existing debts.

What happens if I miss a mortgage payment?

Missing payments can lead to penalties, a negative impact on your credit score, and potential foreclosure.

Are there government programs to assist with mortgages?

Yes, there are various government programs aimed at helping first-time homebuyers and low-income families.

How can I improve my chances of getting approved?

Improving your credit score, reducing existing debts, and maintaining stable income can enhance your approval chances.