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Please note: the table below is purely indicitive and
should only be used as a guide, prices are subect to
change at the sole discretion of the Lilayi Housing
Estate and monthly repayments may be adjusted annually
based on the Kwacha/Dollar exchange rate. |
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Credit Advance Term Years |
20 |
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Credit Advance Interest Rate % |
15% |
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2 Bedroom |
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3 Bedroom |
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3 Bedroom |
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300m2 Plot |
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300m2 Plot |
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400m2 Plot |
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Cost of Houses |
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215 000 000 |
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310 000 000 |
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326 000 000 |
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10% Deposit |
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21 500 000 |
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31 000 000 |
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32 600 000 |
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Closing Costs |
|
6 030 000 |
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6 885 000 |
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7 029 000 |
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Total Upfront amount |
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27 530 000 |
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37 885 000 |
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39 629 000 |
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Monthly Payments* |
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2 597 988 |
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3 723 843 |
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3 913 461 |
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Minimum Verifriable Gross income |
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9 278 529 |
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13 299 439 |
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13 976 646 |
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20% Deposit |
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43 000 000 |
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62 000 000 |
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65 200 000 |
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Closing Costs |
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5 815 000 |
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6 575 000 |
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6 703 000 |
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Total Upfront amount |
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48 815 000 |
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68 575 000 |
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71 903 000 |
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Monthly Payments* |
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2 314 878 |
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3 315 638 |
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3 484 187 |
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Minimum Verifriable Gross income |
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8 267 421 |
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11 841 564 |
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12 443 525 |
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30% Deposit |
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64 500 000 |
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93 000 000 |
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6 377 000 |
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Closing Costs |
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5 600 000 |
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6 265 000 |
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10 065 750 |
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Total Upfront amount |
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70 100 000 |
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99 265 000 |
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16 442 750 |
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Monthly Payments* |
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2 031 768 |
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2 907 433 |
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3 054 914 |
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Minimum Verifriable Gross income |
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7 256 314 |
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10 383 689 |
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10 910 407 |
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50% Deposit |
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107 500 000 |
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155 000 000 |
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163 000 000 |
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Closing Costs |
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5 170 000 |
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5 645 000 |
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5 725 000 |
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Total Upfront amount |
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112 670 000 |
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160 645 000 |
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168 725 000 |
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Monthly Payments* |
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1 415 549 |
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2 091 024 |
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2 196 367 |
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Minimum Gross income** |
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5 055 532 |
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7 467 943 |
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7 844 168 |
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Cash! |
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215 000 000 |
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310 000 000 |
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326 000 000 |
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Closing Costs |
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4 095 000 |
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4 095 000 |
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4 095 000 |
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Total Cash Purchase Price |
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219 095 000 |
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314 095 000 |
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330 095 000 |
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Other monthly payments** |
|
75 000 |
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75 000 |
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75 000 |
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* Includes loan repayments and home owners association
fees of K75 000 per month |
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** Home Owners Association fees |
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