Boma Yangu Tenant Purchase Scheme
What one allocated unit costs a beneficiary, month by month, on a level instalment and a reducing balance.
Choose your unit
Adjust your plan
Where each year's payment goes — interest vs principal
Interest to the financier
Principal — equity you keep
Crossover at month 214 — principal starts outweighing interest per instalment.
Ownership progress
15.6%
Yr 5
24.7%
Yr 10
39.2%
Yr 15
62.6%
Yr 20
100%
Yr 25
Milestones
| Year | Balance outstanding | Interest paid to date | Owned |
|---|---|---|---|
| 5 | 2,159,564 | 1,063,362 | 15.6% |
| 10 | 1,927,743 | 2,039,340 | 24.7% |
| 15 | 1,555,669 | 2,875,063 | 39.2% |
| 20 | 958,486 | 3,485,678 | 62.6% |
| 25 | 0 | 3,734,992 | 100% |
Instalment · P&I
20,130
KES per month
All-in monthly
23,123
incl. insurance & fees
Per monthly instalment
23,123
all-in, 12/yr
Income needed
70,070
gross / month @ 33% DSR
Total interest
3,734,992
1.62× amount financed
Total cost of unit
7,192,990
deposit + all payments
First instalment split
18,240 / 1,890
interest / principal — 91% goes to interest at first
Ready to lock this plan in?
Set up a monthly standing order of KES 23,123 for Affordable 2 Bedroom.
Sign in to set up standing order
Basis. Level annuity instalment on a reducing balance: interest accrues monthly on the opening balance, the P&I instalment is constant, and the final instalment is trued up for rounding. Insurance and platform fees are collected alongside the instalment and do not reduce the loan balance. Charges applied: mortgage protection 0.50% p.a. on the outstanding balance, property insurance 0.25% p.a. on unit value, service and platform fee KES 1,500 per month.
Assumptions to confirm. Unit prices are the Boma Yangu Affordable Housing Programme indicative list. The 9.50% rate, deposit and tenure defaults are indicative tenant purchase terms and must be replaced with the executed offer letter before any schedule is issued to a beneficiary.
Assumptions to confirm. Unit prices are the Boma Yangu Affordable Housing Programme indicative list. The 9.50% rate, deposit and tenure defaults are indicative tenant purchase terms and must be replaced with the executed offer letter before any schedule is issued to a beneficiary.