FMBN DigitALL USER MANUAL

To Calculate Maximum Home Affordability

Use our interactive Home Affordability calculator to estimate the maximum home price you can afford based on your monthly net income

The use of the calculator is available to both subscribers and non-subscribers to the NHF scheme.

To commence, take the following steps:

STEPS :

1. Dial *219# and send
2. Type 5 and send
3. Type 2 and send
4. Enter Monthly Net Income and send
5. Enter Applied Loam Amount and send
6. Enter Tenor (Years) and send

In each submenu, you can type 00 to go “Back” to the previous screen or click on the “Cancel” button to quit the service.


NOTE :

DTI - Debt-to-Income Ratio
MAX VAL - The system computed maximum home price you can afford based on your monthly Net Income
MAX DEBT - The system computed maximum monthly mortgage repayment you can afford based on your Monthly Net Income
EQTY - The system computed Equity Contribution for the Applied Loan Amount
LOAN - The system computed Actual Loan Amount that will be disbursed to you
PMT - The system computed Actual Mortgage Repayment to FMBN each month.

On success, the above response will be displayed.