Affordability Calculator.
Model your monthly mortgage in ETB or USD using the live National Bank of Ethiopia mid-market rate. Built to plan, not to commit — your bank's terms are final.
Display currency
Estimated monthly payment
ETB 150,035
≈ $949 USD
- Down payment
- ETB 4,500,000
- Loan principal
- ETB 10,500,000
- Total interest over term
- ETB 25,508,296
- Total paid over term
- ETB 36,008,296
Excludes one-time transfer tax (~4% of price), bank origination fees, and homeowner's insurance. USD figures use the NBE mid-market rate published 2026-05-22.
Common questions
How is my monthly payment calculated?+
We apply the standard amortization formula — principal multiplied by the monthly rate, divided by one minus (one plus the monthly rate) raised to the negative number of payments. The principal is the property price minus your down payment.
What interest rate should I assume in Ethiopia?+
Commercial Bank of Ethiopia and most private banks currently quote mortgage rates between 13% and 19% depending on tenor, collateral, and borrower profile. The slider defaults to 16.5%, which is a reasonable mid-point for a residential property in Addis Ababa.
Why is the USD figure an estimate?+
ETB is the canonical currency for every Ethiopian mortgage. The USD line is converted from the live National Bank of Ethiopia mid-market rate as a planning hint for diaspora buyers. Your bank will only ever quote and disburse in ETB.