Affordability Calculator

Find out how much you will need to pay every month for your dream home, if you're not a full cashbuyer.


What is a home affordability calculator?

When planning on buying a home, it is essential to know exactly how much you can afford before you start your property search. A home affordability calculator uses your monthly income to determine the maximum home loan amount that you could get from a bank or a non-bank home mortgage lender like DCANS Investments LLC, a sister company - our inhouse home mortgage provider.


How do lenders calculate my bond affordability?

Lenders usually calculate the home loan amount you qualify for by looking at:

• Gross income

This is your total income before deductions like tax, healthcare and pension.


• Net income

The is your income after all deductions


• Total expenses

 These are all your monthly expenses like car repayments, internet costs, pay tv costs


• Interest rate

This is usually set by default to the prime lending rate. Depending on the bank’s lending criteria you may qualify for a higher of lower rate.


• Number of years

Most home loans in Ghana are over 20 years but you may choose a longer or shorter term.


Your affordability is ultimately based on around 45% of your gross monthly income and on your disposable income.

Remember that a home affordability calculator is a useful tool to determine the maximum loan value and monthly repayment that you qualify for but is not a guarantee that you will be granted a home loan. You will need to apply for a home loan and it is at the discretion of the bank to grant it or not.


Available Calculators

Typical Home Mortgage Calculator (Capital/Principal + Interest)

Interest-Only Calculator (Pension Mortgages)

Stamp Duty Calculator

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