Land Payment Calculator

Payment & Affordability Calculator

Two powerful tools in one:

Tab 1 – Installment Plan: Calculate monthly payments for land. Tab 2 – Affordability: Know how much land you can actually afford.

Installment Plan – How to use:

  1. Enter total land price (like 5 million naira)
  2. Enter your initial deposit (like 500k)
  3. Enter payment period in months (like 12 months)
  4. See your monthly payment
  5. Get a full payment schedule showing each month
  6. See balance after deposit and total payable

Real example: Land costs 5M. You pay 500k deposit. Spread remaining 4.5M over 12 months = 375k per month. The schedule shows you month by month what you’ll owe and your remaining balance.

Land Payment Calculator
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Land Payment Calculator

Calculate installment payments & affordability

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₦
Monthly Payment
₦0
Balance After Deposit
₦0
Total Payable
₦0
₦
₦
You Can Afford
₦0
Based on 12-month payment plan
Disposable Income
₦0
Safe Monthly Payment
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Financial Comfort Level –
0%
💡 Financial Tips:
  • Aim for land payments to be ≤30% of disposable income
  • Consider a 20-30% initial deposit for better terms
  • 6-24 months is typical for land installment payments
  • Always keep 3-6 months emergency fund separate
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Affordability Calculator – How to use:

  1. Enter your monthly income
  2. Enter your monthly expenses
  3. Enter what percentage you can dedicate to land payment (default is 30%)
  4. See how much land you can afford (based on 12-month payment plan)
  5. Get your disposable income shown
  6. See your safe monthly payment
  7. Check your financial comfort level meter

That comfort meter is real:

  • Green (Safe): Land payment is 30% or less of disposable income. You’re good.
  • Orange (Manageable): 30-50%. Tight but doable.
  • Red (Stretched): Over 50%. You’re stressing yourself.

Real scenario: You earn 400k monthly. Expenses are 200k. Disposable income = 200k. At 30%, you can safely pay 60k monthly for land. Over 12 months, that’s 720k. So you can afford land worth around 720k to 1M (depending on deposit).

The financial tips at the bottom: Gold advice like:

  • Keep land payments under 30% of disposable income
  • Aim for 20-30% initial deposit for better deals
  • Typical payment plans are 6-24 months
  • Always keep 3-6 months emergency fund separate

Why this hits different: It stops you from buying land you can’t afford. You might WANT that 10M plot, but if you can only afford 3M, this calculator tells you the truth before you stress yourself.

Money wisdom: Use affordability calculator FIRST to know your budget. THEN use installment calculator to plan your payments. Don’t do it backwards.