At a glance
Closing Costs at ₦100M · Developer
₦9.75M - ₦10.15M
9.8% - 10.2% of the house price · 7 fees
Closing Costs at ₦100M · Individual Seller
₦9.75M - ₦10.15M
9.8% - 10.2% of the house price · 7 fees
NHF Mortgage Closing & Transaction Costs
On an NHF Mortgage, you pay closing costs to the seller, the bank, the lawyers and the state. Costs are higher when you buy from a developer than from an individual seller. The total changes with the house price. See the table for the cost at each price.
Closing costs on an NHF Mortgage transaction fall into three groups: what you pay the seller (developer or individual), what you pay the bank, and what you pay the brokerage, lawyers and state. The table below shows the estimated total at each price point. Open a price for the full fee-by-fee closing breakdown.
These are estimates from general transactions handled on Giddaa, not a quote
Unless a fee says otherwise, percentage fees are applied to the house price. The banks, lawyers and the sellers (developer or individual) confirm the exact figures at offer-letter stage, and some costs can be negotiated. However, you should prepare with this in mind as they are more accurate than not.
Bank fees are quoted from Giddaa Bank and Peter Bank Limited.
What do closing costs cost at each price?
Estimated closing cost ranges for an NHF Mortgage transaction from ₦50M to ₦500M. Ranges show where a fee varies by bank, lawyer, state or estate.
- From a developer₦5,680,000 - ₦6,040,00011.4% - 12.1% of house price
- From an individual seller₦5,680,000 - ₦6,040,00011.4% - 12.1% of house price
| House Price | From a developer | From an individual seller | Actions |
|---|---|---|---|
| ₦50M Home₦50,000,000 | ₦5,680,000 - ₦6,040,00011.4% - 12.1% of house price | ₦5,680,000 - ₦6,040,00011.4% - 12.1% of house price | Full breakdown |
| ₦75M Home₦75,000,000 | ₦7,750,000 - ₦8,150,00010.3% - 10.9% of house price | ₦7,750,000 - ₦8,150,00010.3% - 10.9% of house price | Full breakdown |
| ₦100M Home₦100,000,000 | ₦9,750,000 - ₦10,150,0009.8% - 10.2% of house price | ₦9,750,000 - ₦10,150,0009.8% - 10.2% of house price | Full breakdown |
| ₦150M Home₦150,000,000 | ₦13,750,000 - ₦14,150,0009.2% - 9.4% of house price | ₦13,750,000 - ₦14,150,0009.2% - 9.4% of house price | Full breakdown |
| ₦200M Home₦200,000,000 | ₦17,750,000 - ₦18,150,0008.9% - 9.1% of house price | ₦17,750,000 - ₦18,150,0008.9% - 9.1% of house price | Full breakdown |
| ₦300M Home₦300,000,000 | ₦25,750,000 - ₦26,150,0008.6% - 8.7% of house price | ₦25,750,000 - ₦26,150,0008.6% - 8.7% of house price | Full breakdown |
| ₦400M Home₦400,000,000 | ₦33,750,000 - ₦34,150,0008.4% - 8.5% of house price | ₦33,750,000 - ₦34,150,0008.4% - 8.5% of house price | Full breakdown |
| ₦500M Home₦500,000,000 | ₦41,750,000 - ₦42,150,0008.4% of house price | ₦41,750,000 - ₦42,150,0008.4% of house price | Full breakdown |
Every closing cost you can expect, and how each one is calculated.
Which fees do you pay a developer?
7 closing costs in the transaction.
Account Maintenance
RequiredAccount Maintenance of the account
Fixed
Advisory Fee
RequiredAdvisory Fee for which loan to take
0.5% of loan amount
Processing Fee
RequiredProcessing Fee for processing the house
4% of house price
Legal Search
RequiredLegal Search
0.5% - 1% of loan amount
Credit Search
RequiredCredit Search
0.4% - 0.7% of loan amount
Infrastructure Fee
RequiredInfrastructure Fee
Fixed
Giddaa Professional Fee
RequiredGiddaa Professional Fee
4% of house price
Which fees do you pay an individual seller?
7 closing costs in the transaction.
Account Maintenance
RequiredAccount Maintenance of the account
Fixed
Advisory Fee
RequiredAdvisory Fee for which loan to take
0.5% of loan amount
Processing Fee
RequiredProcessing Fee for processing the house
4% of house price
Legal Search
RequiredLegal Search
0.5% - 1% of loan amount
Credit Search
RequiredCredit Search
0.4% - 0.7% of loan amount
Infrastructure Fee
RequiredInfrastructure Fee
Fixed
Giddaa Professional Fee
RequiredGiddaa Professional Fee
4% of house price
Homes you can buy with an NHF Mortgage
Listings on Giddaa that support an NHF Mortgage transaction.
Closing costs on other purchase options
Compare the same price points under every way to buy on Giddaa.
Outright Purchase
₦10,100,000 - ₦24,150,000
closing costs on a ₦100M developer home
Payment Plan
₦10,100,000 - ₦24,150,000
closing costs on a ₦100M developer home
MREIF Mortgage
Highest₦17,630,000 - ₦19,010,000
closing costs on a ₦100M developer home
NHF Mortgage
You are here₦9,750,000 - ₦10,150,000
closing costs on a ₦100M developer home
Rent To Own
Lowest₦4,450,000 - ₦4,850,000
closing costs on a ₦100M developer home
Frequently Asked Questions
Common questions about closing costs for this kind of transaction.
On an NHF Mortgage transaction from a developer you pay 7 fees: Account Maintenance, Advisory Fee, Processing Fee, Legal Search, Credit Search, Infrastructure Fee, Giddaa Professional Fee. From an individual seller the closing costs are Account Maintenance, Advisory Fee, Processing Fee, Legal Search, Credit Search, Infrastructure Fee, Giddaa Professional Fee.
Estimate your own closing costs
Enter your house price and seller type in the interactive Cost Estimator to get a personalised closing cost breakdown for an NHF Mortgage.