All Sierra Leone Mortgage (Home) Calculator

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

House Price: Le220000.00

Loan Amount: Le198000.00

Down Payment: Le22000.00

Total of 240 Mortgage Payments: Le292994.40

Total Interest: Le94994.40

Mortgage Payoff Date: Apr 2045

Amortization Schedule

🗓️ Monthly Amortization Schedule
MonthDateInterestPrincipalEnding Balance
1 Apr 2025 Le693.00 Le527.81 Le197472.19
2 May 2025 Le691.15 Le529.66 Le196942.53
3 Jun 2025 Le689.30 Le531.51 Le196411.02
4 Jul 2025 Le687.44 Le533.37 Le195877.65
5 Aug 2025 Le685.57 Le535.24 Le195342.41
6 Sep 2025 Le683.70 Le537.11 Le194805.30
7 Oct 2025 Le681.82 Le538.99 Le194266.31
8 Nov 2025 Le679.93 Le540.88 Le193725.43
9 Dec 2025 Le678.04 Le542.77 Le193182.66
10 Jan 2026 Le676.14 Le544.67 Le192637.99
11 Feb 2026 Le674.23 Le546.58 Le192091.41
12 Mar 2026 Le672.32 Le548.49 Le191542.92
13 Apr 2026 Le670.40 Le550.41 Le190992.51
14 May 2026 Le668.47 Le552.34 Le190440.18
15 Jun 2026 Le666.54 Le554.27 Le189885.91
16 Jul 2026 Le664.60 Le556.21 Le189329.70
17 Aug 2026 Le662.65 Le558.16 Le188771.54
18 Sep 2026 Le660.70 Le560.11 Le188211.43
19 Oct 2026 Le658.74 Le562.07 Le187649.36
20 Nov 2026 Le656.77 Le564.04 Le187085.32
21 Dec 2026 Le654.80 Le566.01 Le186519.31
22 Jan 2027 Le652.82 Le567.99 Le185951.32
23 Feb 2027 Le650.83 Le569.98 Le185381.34
24 Mar 2027 Le648.83 Le571.98 Le184809.37
25 Apr 2027 Le646.83 Le573.98 Le184235.39
26 May 2027 Le644.82 Le575.99 Le183659.40
27 Jun 2027 Le642.81 Le578.00 Le183081.40
28 Jul 2027 Le640.78 Le580.03 Le182501.37
29 Aug 2027 Le638.75 Le582.06 Le181919.32
30 Sep 2027 Le636.72 Le584.09 Le181335.23
31 Oct 2027 Le634.67 Le586.14 Le180749.09
32 Nov 2027 Le632.62 Le588.19 Le180160.90
33 Dec 2027 Le630.56 Le590.25 Le179570.66
34 Jan 2028 Le628.50 Le592.31 Le178978.34
35 Feb 2028 Le626.42 Le594.39 Le178383.96
36 Mar 2028 Le624.34 Le596.47 Le177787.49
37 Apr 2028 Le622.26 Le598.55 Le177188.94
38 May 2028 Le620.16 Le600.65 Le176588.29
39 Jun 2028 Le618.06 Le602.75 Le175985.54
40 Jul 2028 Le615.95 Le604.86 Le175380.68
41 Aug 2028 Le613.83 Le606.98 Le174773.70
42 Sep 2028 Le611.71 Le609.10 Le174164.60
43 Oct 2028 Le609.58 Le611.23 Le173553.36
44 Nov 2028 Le607.44 Le613.37 Le172939.99
45 Dec 2028 Le605.29 Le615.52 Le172324.47
46 Jan 2029 Le603.14 Le617.67 Le171706.80
47 Feb 2029 Le600.97 Le619.84 Le171086.96
48 Mar 2029 Le598.80 Le622.01 Le170464.95
49 Apr 2029 Le596.63 Le624.18 Le169840.77
50 May 2029 Le594.44 Le626.37 Le169214.40
51 Jun 2029 Le592.25 Le628.56 Le168585.84
52 Jul 2029 Le590.05 Le630.76 Le167955.08
53 Aug 2029 Le587.84 Le632.97 Le167322.12
54 Sep 2029 Le585.63 Le635.18 Le166686.93
55 Oct 2029 Le583.40 Le637.41 Le166049.53
56 Nov 2029 Le581.17 Le639.64 Le165409.89
57 Dec 2029 Le578.93 Le641.88 Le164768.02
58 Jan 2030 Le576.69 Le644.12 Le164123.89
59 Feb 2030 Le574.43 Le646.38 Le163477.52
60 Mar 2030 Le572.17 Le648.64 Le162828.88
61 Apr 2030 Le569.90 Le650.91 Le162177.97
62 May 2030 Le567.62 Le653.19 Le161524.78
63 Jun 2030 Le565.34 Le655.47 Le160869.31
64 Jul 2030 Le563.04 Le657.77 Le160211.54
65 Aug 2030 Le560.74 Le660.07 Le159551.47
66 Sep 2030 Le558.43 Le662.38 Le158889.09
67 Oct 2030 Le556.11 Le664.70 Le158224.40
68 Nov 2030 Le553.79 Le667.02 Le157557.37
69 Dec 2030 Le551.45 Le669.36 Le156888.01
70 Jan 2031 Le549.11 Le671.70 Le156216.31
71 Feb 2031 Le546.76 Le674.05 Le155542.26
72 Mar 2031 Le544.40 Le676.41 Le154865.84
73 Apr 2031 Le542.03 Le678.78 Le154187.07
74 May 2031 Le539.65 Le681.16 Le153505.91
75 Jun 2031 Le537.27 Le683.54 Le152822.37
76 Jul 2031 Le534.88 Le685.93 Le152136.44
77 Aug 2031 Le532.48 Le688.33 Le151448.11
78 Sep 2031 Le530.07 Le690.74 Le150757.36
79 Oct 2031 Le527.65 Le693.16 Le150064.21
80 Nov 2031 Le525.22 Le695.59 Le149368.62
81 Dec 2031 Le522.79 Le698.02 Le148670.60
82 Jan 2032 Le520.35 Le700.46 Le147970.14
83 Feb 2032 Le517.90 Le702.91 Le147267.22
84 Mar 2032 Le515.44 Le705.37 Le146561.85
85 Apr 2032 Le512.97 Le707.84 Le145854.00
86 May 2032 Le510.49 Le710.32 Le145143.68
87 Jun 2032 Le508.00 Le712.81 Le144430.88
88 Jul 2032 Le505.51 Le715.30 Le143715.57
89 Aug 2032 Le503.00 Le717.81 Le142997.77
90 Sep 2032 Le500.49 Le720.32 Le142277.45
91 Oct 2032 Le497.97 Le722.84 Le141554.61
92 Nov 2032 Le495.44 Le725.37 Le140829.24
93 Dec 2032 Le492.90 Le727.91 Le140101.34
94 Jan 2033 Le490.35 Le730.46 Le139370.88
95 Feb 2033 Le487.80 Le733.01 Le138637.87
96 Mar 2033 Le485.23 Le735.58 Le137902.29
97 Apr 2033 Le482.66 Le738.15 Le137164.14
98 May 2033 Le480.07 Le740.74 Le136423.40
99 Jun 2033 Le477.48 Le743.33 Le135680.08
100 Jul 2033 Le474.88 Le745.93 Le134934.15
101 Aug 2033 Le472.27 Le748.54 Le134185.61
102 Sep 2033 Le469.65 Le751.16 Le133434.45
103 Oct 2033 Le467.02 Le753.79 Le132680.66
104 Nov 2033 Le464.38 Le756.43 Le131924.23
105 Dec 2033 Le461.73 Le759.08 Le131165.15
106 Jan 2034 Le459.08 Le761.73 Le130403.42
107 Feb 2034 Le456.41 Le764.40 Le129639.02
108 Mar 2034 Le453.74 Le767.07 Le128871.95
109 Apr 2034 Le451.05 Le769.76 Le128102.19
110 May 2034 Le448.36 Le772.45 Le127329.74
111 Jun 2034 Le445.65 Le775.16 Le126554.58
112 Jul 2034 Le442.94 Le777.87 Le125776.71
113 Aug 2034 Le440.22 Le780.59 Le124996.12
114 Sep 2034 Le437.49 Le783.32 Le124212.80
115 Oct 2034 Le434.74 Le786.07 Le123426.73
116 Nov 2034 Le431.99 Le788.82 Le122637.92
117 Dec 2034 Le429.23 Le791.58 Le121846.34
118 Jan 2035 Le426.46 Le794.35 Le121051.99
119 Feb 2035 Le423.68 Le797.13 Le120254.86
120 Mar 2035 Le420.89 Le799.92 Le119454.95
121 Apr 2035 Le418.09 Le802.72 Le118652.23
122 May 2035 Le415.28 Le805.53 Le117846.70
123 Jun 2035 Le412.46 Le808.35 Le117038.35
124 Jul 2035 Le409.63 Le811.18 Le116227.18
125 Aug 2035 Le406.80 Le814.01 Le115413.16
126 Sep 2035 Le403.95 Le816.86 Le114596.30
127 Oct 2035 Le401.09 Le819.72 Le113776.58
128 Nov 2035 Le398.22 Le822.59 Le112953.99
129 Dec 2035 Le395.34 Le825.47 Le112128.51
130 Jan 2036 Le392.45 Le828.36 Le111300.15
131 Feb 2036 Le389.55 Le831.26 Le110468.89
132 Mar 2036 Le386.64 Le834.17 Le109634.73
133 Apr 2036 Le383.72 Le837.09 Le108797.64
134 May 2036 Le380.79 Le840.02 Le107957.62
135 Jun 2036 Le377.85 Le842.96 Le107114.66
136 Jul 2036 Le374.90 Le845.91 Le106268.75
137 Aug 2036 Le371.94 Le848.87 Le105419.88
138 Sep 2036 Le368.97 Le851.84 Le104568.04
139 Oct 2036 Le365.99 Le854.82 Le103713.22
140 Nov 2036 Le363.00 Le857.81 Le102855.41
141 Dec 2036 Le359.99 Le860.82 Le101994.59
142 Jan 2037 Le356.98 Le863.83 Le101130.76
143 Feb 2037 Le353.96 Le866.85 Le100263.91
144 Mar 2037 Le350.92 Le869.89 Le99394.02
145 Apr 2037 Le347.88 Le872.93 Le98521.09
146 May 2037 Le344.82 Le875.99 Le97645.11
147 Jun 2037 Le341.76 Le879.05 Le96766.05
148 Jul 2037 Le338.68 Le882.13 Le95883.92
149 Aug 2037 Le335.59 Le885.22 Le94998.71
150 Sep 2037 Le332.50 Le888.31 Le94110.39
151 Oct 2037 Le329.39 Le891.42 Le93218.97
152 Nov 2037 Le326.27 Le894.54 Le92324.43
153 Dec 2037 Le323.14 Le897.67 Le91426.75
154 Jan 2038 Le319.99 Le900.82 Le90525.94
155 Feb 2038 Le316.84 Le903.97 Le89621.97
156 Mar 2038 Le313.68 Le907.13 Le88714.83
157 Apr 2038 Le310.50 Le910.31 Le87804.53
158 May 2038 Le307.32 Le913.49 Le86891.03
159 Jun 2038 Le304.12 Le916.69 Le85974.34
160 Jul 2038 Le300.91 Le919.90 Le85054.44
161 Aug 2038 Le297.69 Le923.12 Le84131.32
162 Sep 2038 Le294.46 Le926.35 Le83204.97
163 Oct 2038 Le291.22 Le929.59 Le82275.38
164 Nov 2038 Le287.96 Le932.85 Le81342.53
165 Dec 2038 Le284.70 Le936.11 Le80406.42
166 Jan 2039 Le281.42 Le939.39 Le79467.03
167 Feb 2039 Le278.13 Le942.68 Le78524.36
168 Mar 2039 Le274.84 Le945.97 Le77578.38
169 Apr 2039 Le271.52 Le949.29 Le76629.10
170 May 2039 Le268.20 Le952.61 Le75676.49
171 Jun 2039 Le264.87 Le955.94 Le74720.55
172 Jul 2039 Le261.52 Le959.29 Le73761.26
173 Aug 2039 Le258.16 Le962.65 Le72798.61
174 Sep 2039 Le254.80 Le966.01 Le71832.60
175 Oct 2039 Le251.41 Le969.40 Le70863.20
176 Nov 2039 Le248.02 Le972.79 Le69890.41
177 Dec 2039 Le244.62 Le976.19 Le68914.22
178 Jan 2040 Le241.20 Le979.61 Le67934.61
179 Feb 2040 Le237.77 Le983.04 Le66951.57
180 Mar 2040 Le234.33 Le986.48 Le65965.09
181 Apr 2040 Le230.88 Le989.93 Le64975.16
182 May 2040 Le227.41 Le993.40 Le63981.76
183 Jun 2040 Le223.94 Le996.87 Le62984.89
184 Jul 2040 Le220.45 Le1000.36 Le61984.53
185 Aug 2040 Le216.95 Le1003.86 Le60980.66
186 Sep 2040 Le213.43 Le1007.38 Le59973.28
187 Oct 2040 Le209.91 Le1010.90 Le58962.38
188 Nov 2040 Le206.37 Le1014.44 Le57947.94
189 Dec 2040 Le202.82 Le1017.99 Le56929.95
190 Jan 2041 Le199.25 Le1021.56 Le55908.39
191 Feb 2041 Le195.68 Le1025.13 Le54883.26
192 Mar 2041 Le192.09 Le1028.72 Le53854.54
193 Apr 2041 Le188.49 Le1032.32 Le52822.22
194 May 2041 Le184.88 Le1035.93 Le51786.29
195 Jun 2041 Le181.25 Le1039.56 Le50746.73
196 Jul 2041 Le177.61 Le1043.20 Le49703.54
197 Aug 2041 Le173.96 Le1046.85 Le48656.69
198 Sep 2041 Le170.30 Le1050.51 Le47606.18
199 Oct 2041 Le166.62 Le1054.19 Le46551.99
200 Nov 2041 Le162.93 Le1057.88 Le45494.11
201 Dec 2041 Le159.23 Le1061.58 Le44432.53
202 Jan 2042 Le155.51 Le1065.30 Le43367.23
203 Feb 2042 Le151.79 Le1069.02 Le42298.21
204 Mar 2042 Le148.04 Le1072.77 Le41225.44
205 Apr 2042 Le144.29 Le1076.52 Le40148.92
206 May 2042 Le140.52 Le1080.29 Le39068.63
207 Jun 2042 Le136.74 Le1084.07 Le37984.56
208 Jul 2042 Le132.95 Le1087.86 Le36896.70
209 Aug 2042 Le129.14 Le1091.67 Le35805.03
210 Sep 2042 Le125.32 Le1095.49 Le34709.54
211 Oct 2042 Le121.48 Le1099.33 Le33610.21
212 Nov 2042 Le117.64 Le1103.17 Le32507.03
213 Dec 2042 Le113.77 Le1107.04 Le31400.00
214 Jan 2043 Le109.90 Le1110.91 Le30289.09
215 Feb 2043 Le106.01 Le1114.80 Le29174.29
216 Mar 2043 Le102.11 Le1118.70 Le28055.59
217 Apr 2043 Le98.19 Le1122.62 Le26932.98
218 May 2043 Le94.27 Le1126.54 Le25806.43
219 Jun 2043 Le90.32 Le1130.49 Le24675.94
220 Jul 2043 Le86.37 Le1134.44 Le23541.50
221 Aug 2043 Le82.40 Le1138.41 Le22403.08
222 Sep 2043 Le78.41 Le1142.40 Le21260.69
223 Oct 2043 Le74.41 Le1146.40 Le20114.29
224 Nov 2043 Le70.40 Le1150.41 Le18963.88
225 Dec 2043 Le66.37 Le1154.44 Le17809.44
226 Jan 2044 Le62.33 Le1158.48 Le16650.96
227 Feb 2044 Le58.28 Le1162.53 Le15488.43
228 Mar 2044 Le54.21 Le1166.60 Le14321.83
229 Apr 2044 Le50.13 Le1170.68 Le13151.15
230 May 2044 Le46.03 Le1174.78 Le11976.37
231 Jun 2044 Le41.92 Le1178.89 Le10797.47
232 Jul 2044 Le37.79 Le1183.02 Le9614.46
233 Aug 2044 Le33.65 Le1187.16 Le8427.30
234 Sep 2044 Le29.50 Le1191.31 Le7235.98
235 Oct 2044 Le25.33 Le1195.48 Le6040.50
236 Nov 2044 Le21.14 Le1199.67 Le4840.83
237 Dec 2044 Le16.94 Le1203.87 Le3636.96
238 Jan 2045 Le12.73 Le1208.08 Le2428.88
239 Feb 2045 Le8.50 Le1212.31 Le1216.57
240 Mar 2045 Le4.26 Le1216.55 Le0.02

📅 Annual Amortization Schedule
YearDateInterestPrincipalEnding Balance
1 Apr 2025 - Apr 2026 Le8192.64 Le6457.08 Le191542.92
2 Apr 2026 - Apr 2027 Le7916.16 Le6733.56 Le184809.37
3 Apr 2027 - Apr 2028 Le7627.85 Le7021.87 Le177787.49
4 Apr 2028 - Apr 2029 Le7327.18 Le7322.54 Le170464.95
5 Apr 2029 - Apr 2030 Le7013.65 Le7636.07 Le162828.88
6 Apr 2030 - Apr 2031 Le6686.68 Le7963.04 Le154865.84
7 Apr 2031 - Apr 2032 Le6345.72 Le8304.00 Le146561.85
8 Apr 2032 - Apr 2033 Le5990.16 Le8659.56 Le137902.29
9 Apr 2033 - Apr 2034 Le5619.38 Le9030.34 Le128871.95
10 Apr 2034 - Apr 2035 Le5232.72 Le9417.00 Le119454.95
11 Apr 2035 - Apr 2036 Le4829.50 Le9820.22 Le109634.73
12 Apr 2036 - Apr 2037 Le4409.02 Le10240.70 Le99394.02
13 Apr 2037 - Apr 2038 Le3970.53 Le10679.19 Le88714.83
14 Apr 2038 - Apr 2039 Le3513.27 Le11136.45 Le77578.38
15 Apr 2039 - Apr 2040 Le3036.43 Le11613.29 Le65965.09
16 Apr 2040 - Apr 2041 Le2539.17 Le12110.55 Le53854.54
17 Apr 2041 - Apr 2042 Le2020.62 Le12629.10 Le41225.44
18 Apr 2042 - Apr 2043 Le1479.87 Le13169.85 Le28055.59
19 Apr 2043 - Apr 2044 Le915.96 Le13733.76 Le14321.83
20 Apr 2044 - Apr 2045 Le327.91 Le14321.81 Le0.02

 

Simple Mortgage (Home) Loan Repayment Calculator Sierra Leone

Understanding your mortgage payments is crucial for anyone looking to purchase a home in Sierra Leone. The Simple Mortgage Loan Repayment Calculator at mortgagecalculator24.com provides users with an easy and efficient way to calculate their loan repayments, helping them make informed financial decisions.

How the Simple Mortgage (Home) Loan Repayment Calculator Sierra Leone 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

When considering a mortgage in Sierra Leone, it’s essential to evaluate several key factors:

  • Credit Score: A higher credit score can lead to better interest rates.
  • Debt-to-Income Ratio: Lenders typically prefer a lower ratio for loan approval.
  • Loan Type: Understand the different types of loans available and their terms.
  • Market Conditions: The state of the housing market can affect your mortgage terms.
  • Future Financial Plans: Consider how long you plan to stay in the home and your future income prospects.

Common Mistakes to Avoid When Getting a Mortgage in Sierra Leone

Many potential homeowners make mistakes during the mortgage process. Here are a few to avoid:

  • Not Shopping Around: Failing to compare offers from multiple lenders can lead to missed savings.
  • Ignoring Pre-Approval: Skipping pre-approval can result in lost opportunities and delays.
  • Underestimating Costs: Overlooking additional costs such as insurance and taxes can strain your budget.
  • Focusing Solely on Interest Rates: Consider the total cost of the loan, not just the interest rate.
  • Neglecting to Read the Fine Print: Not understanding loan terms and conditions can lead to unexpected issues.

Mortgage Costs Often Overlooked

  • Closing Costs: These are fees associated with the finalization of the mortgage, including appraisal and attorney fees.
  • Homeowner’s Insurance: A requirement by lenders to protect the home against damages.
  • Property Taxes: Annually assessed taxes that homeowners must pay based on the property’s value.
  • Private Mortgage Insurance (PMI): Required for loans with a down payment of less than 20% to protect the lender.
  • Maintenance Costs: Ongoing expenses for home upkeep that are often overlooked.

Frequently Asked Questions About Mortgages in Sierra Leone

What is the minimum down payment required for a mortgage?

The minimum down payment can vary, but it is typically around 10% to 20% of the home price.

How is my credit score calculated?

Your credit score is calculated based on your payment history, credit utilization, length of credit history, types of credit, and recent credit inquiries.

What are the different types of mortgages available?

Common types include fixed-rate, adjustable-rate, and interest-only mortgages.

How long does the mortgage approval process take?

The approval process can take anywhere from a few days to several weeks, depending on the lender and the complexity of the application.

Can I refinance my mortgage?

Yes, refinancing your mortgage is possible, often to secure a lower interest rate or change the loan term.

Are there penalties for paying off my mortgage early?

Some lenders may charge a prepayment penalty, so check your loan agreement for specific terms.

What is an escrow account?

An escrow account is used to hold funds for property taxes and insurance payments, which are paid by the lender on your behalf.

How does my income affect my mortgage application?

Your income affects your ability to repay the loan and is a critical factor in determining your debt-to-income ratio.

What should I do if I can’t make my mortgage payments?

If you’re struggling, contact your lender immediately to discuss options such as loan modification or forbearance.

Is it better to get a fixed-rate or adjustable-rate mortgage?

It depends on your financial situation and how long you plan to stay in the home; fixed rates offer stability, while adjustable rates may offer lower initial payments.