How much are closing costs on a ₦50M home with a Payment Plan?

Closing Costs on a ₦50M Home with a Payment Plan

Closing costs on a ₦50M home with a Payment Plan are the fees you pay on top of the price and deposit. You pay them to the seller, the bank, the lawyers and the state. Costs are higher from a developer than from an individual seller. The tables below show each fee.

At a glance

Developer Transaction
₦5,100,000 - ₦12,150,000
10.2% - 24.3% of the house price · 3 fees
Individual Seller Transaction
₦2,050,000 - ₦3,250,000
4.1% - 6.5% of the house price · 10 fees
Deposit
20% – 30%
upfront · 0% interest over 1 year

These are estimates from general transactions handled on Giddaa, not a quote

Unless a fee says otherwise, percentage fees are applied to the ₦50,000,000 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.

Fees last checked: 2 October 2026.

Buying from a developer

Closing costs of ₦5,100,000 - ₦12,150,000 on a ₦50 million house bought with a Payment Plan.

Legal Fee
Required
Legal fee is paid to the legal department
₦2,500,000 - ₦6,000,000
5% - 12% of house price

Subtotal — SellerSubtotal, paid to developer/seller₦2,500,000 - ₦6,000,000

Brokerage Fee
Optional
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).
₦100,000 - ₦150,000
Fixed
Legal Fee
Required
Legal fee is paid to the legal department
₦2,500,000 - ₦6,000,000
5% - 12% of house price

Subtotal — BrokerageSubtotal, paid to brokerage₦2,600,000 - ₦6,150,000

Estimated Total Closing Costs · developer

₦5,100,000 - ₦12,150,000

Seller, bank and brokerage fees for a Payment Plan bought from a developer.

10.2% - 24.3% of the house price

Buying from an individual seller

Closing costs of ₦2,050,000 - ₦3,250,000 on a ₦50 million house bought with a Payment Plan.

Deed of Assignment & Handover Papers
Required
Preparation of your deed of assignment and release of the seller's original title documents.
₦100,000 - ₦200,000
Fixed · Varies by lawyer
Survey Plan Re-certification
Required
A fresh survey plan in your name, checked against the state survey records.
₦50,000 - ₦100,000
Fixed · Varies by surveyor
Outstanding Estate & Utility Dues
Optional
Unpaid service charge, land-use charge or utility balances the seller passes on at handover.
₦0 - ₦150,000
Fixed · Varies by estate

Subtotal — SellerSubtotal, paid to developer/seller₦150,000 - ₦450,000

Processing / Origination Fee
Required
One-time setup of your instalment schedule and direct-debit mandate.
₦250,000
0.5% of House price
Account Maintenance
Required
Escrow account that holds each instalment until the developer is paid in full.
₦50,000
Fixed
Property Insurance (Year 1)
Required
Fire and special-perils cover on the house for the duration of the plan.
₦150,000
0.3% of House price

Subtotal — BankSubtotal, paid to bank₦450,000

Brokerage Fee
Required
Giddaa's fee for sourcing the home, negotiating the price and managing the closing.
₦500,000
1% of House price
Legal Search & Verification
Required
Title search at the land registry and due diligence on the seller's title, survey and chain of ownership.
₦100,000 - ₦200,000
Fixed · Varies by lawyer
Valuation & Inspection
Optional
Independent valuation report and a pre-handover snag inspection of the house.
₦100,000 - ₦150,000
Fixed · Varies by valuer
Title Perfection
Required
Governor's consent, stamp duty and registration of the title in your name at the state lands registry.
₦750,000 - ₦1,500,000
1.5% – 3% of House price · Varies by state

Subtotal — BrokerageSubtotal, paid to brokerage₦1,450,000 - ₦2,350,000

Estimated Total Closing Costs · individual seller

₦2,050,000 - ₦3,250,000

Seller, bank and brokerage fees for a Payment Plan bought from an individual seller.

4.1% - 6.5% of the house price

Homes with closing costs like this

Listings on Giddaa priced at up to ₦50,000,000 that support a Payment Plan.

2 bedroom apartment in Apo, Abuja photo 1

2 bedroom apartment in Apo, Abuja photo 2

2 bedroom apartment in Apo, Abuja photo 3

Compare 4 options to buy this house

Apo Extension, Abuja

3 Beds • 3 Baths • Duplex

Move In Ready

Message Us View Listing

Compare 2 options to buy this house

Warri North, Delta

3 Beds • 3 Baths • Duplex

Move In Ready

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Apo, Abuja

3 Beds • 4 Baths • Apartment

Move In Ready

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Other price points on a Payment Plan

Closing costs from ₦50M to ₦500M.

₦50M Home
₦5,100,000 - ₦12,150,000
10.2% - 24.3% of the house price · developer
₦75M Home
₦7,600,000 - ₦18,150,000
10.1% - 24.2% of the house price · developer
₦100M Home
₦10,100,000 - ₦24,150,000
10.1% - 24.2% of the house price · developer
₦150M Home
₦15,100,000 - ₦36,150,000
10.1% - 24.1% of the house price · developer
₦200M Home
₦20,100,000 - ₦48,150,000
10.1% - 24.1% of the house price · developer
₦300M Home
₦30,100,000 - ₦72,150,000
10.0% - 24.1% of the house price · developer
₦400M Home
₦40,100,000 - ₦96,150,000
10.0% - 24.0% of the house price · developer
₦500M Home
₦50,100,000 - ₦120,150,000
10.0% - 24.0% of the house price · developer

A ₦50M Home on other purchase options

The same house price under every way to buy on Giddaa. Lowest and highest closing costs are tagged.

Outright Purchase
₦5,100,000 - ₦12,150,000
10.2% - 24.3% of the house price · developer
Payment Plan
You are here
₦5,100,000 - ₦12,150,000
10.2% - 24.3% of the house price · developer
MREIF Mortgage
Highest
₦8,870,000 - ₦9,530,000
17.7% - 19.1% of the house price · developer
NHF Mortgage
₦5,680,000 - ₦6,040,000
11.4% - 12.1% of the house price · developer
Rent To Own
Lowest
₦2,405,000 - ₦2,765,000
4.8% - 5.5% of the house price · developer

Frequently Asked Questions

Common questions about closing costs for this kind of transaction.

Buying a ₦50,000,000 home from a developer with a Payment Plan, the estimated closing costs are ₦5,100,000 - ₦12,150,000 (10.2% - 24.3% of the house price). From an individual seller the closing costs are ₦2,050,000 - ₦3,250,000 (4.1% - 6.5%).

Run this transaction in the estimator

Change the seller type, tweak the house price, or compare all six purchase options side by side.

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Closing Costs on a ₦50M Home with a Payment Plan

At a glance

Developer Transaction
₦5,100,000 - ₦12,150,000
10.2% - 24.3% of the house price · 3 fees
Individual Seller Transaction
₦2,050,000 - ₦3,250,000
4.1% - 6.5% of the house price · 10 fees
Deposit
20% – 30%
upfront · 0% interest over 1 year

These are estimates from general transactions handled on Giddaa, not a quote

Fees last checked: 2 October 2026.

Buying from a developer

Closing costs of ₦5,100,000 - ₦12,150,000 on a ₦50 million house bought with a Payment Plan.

Legal Fee
Required
Legal fee is paid to the legal department
₦2,500,000 - ₦6,000,000
5% - 12% of house price

Subtotal — SellerSubtotal, paid to developer/seller₦2,500,000 - ₦6,000,000

Brokerage Fee
Optional
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).
₦100,000 - ₦150,000
Fixed
Legal Fee
Required
Legal fee is paid to the legal department
₦2,500,000 - ₦6,000,000
5% - 12% of house price

Subtotal — BrokerageSubtotal, paid to brokerage₦2,600,000 - ₦6,150,000

Estimated Total Closing Costs · developer

₦5,100,000 - ₦12,150,000

Seller, bank and brokerage fees for a Payment Plan bought from a developer.

10.2% - 24.3% of the house price

Buying from an individual seller

Closing costs of ₦2,050,000 - ₦3,250,000 on a ₦50 million house bought with a Payment Plan.

Deed of Assignment & Handover Papers
Required
Preparation of your deed of assignment and release of the seller's original title documents.
₦100,000 - ₦200,000
Fixed · Varies by lawyer
Survey Plan Re-certification
Required
A fresh survey plan in your name, checked against the state survey records.
₦50,000 - ₦100,000
Fixed · Varies by surveyor
Outstanding Estate & Utility Dues
Optional
Unpaid service charge, land-use charge or utility balances the seller passes on at handover.
₦0 - ₦150,000
Fixed · Varies by estate

Subtotal — SellerSubtotal, paid to developer/seller₦150,000 - ₦450,000

Processing / Origination Fee
Required
One-time setup of your instalment schedule and direct-debit mandate.
₦250,000
0.5% of House price
Account Maintenance
Required
Escrow account that holds each instalment until the developer is paid in full.
₦50,000
Fixed
Property Insurance (Year 1)
Required
Fire and special-perils cover on the house for the duration of the plan.
₦150,000
0.3% of House price

Subtotal — BankSubtotal, paid to bank₦450,000

Brokerage Fee
Required
Giddaa's fee for sourcing the home, negotiating the price and managing the closing.
₦500,000
1% of House price
Legal Search & Verification
Required
Title search at the land registry and due diligence on the seller's title, survey and chain of ownership.
₦100,000 - ₦200,000
Fixed · Varies by lawyer
Valuation & Inspection
Optional
Independent valuation report and a pre-handover snag inspection of the house.
₦100,000 - ₦150,000
Fixed · Varies by valuer
Title Perfection
Required
Governor's consent, stamp duty and registration of the title in your name at the state lands registry.
₦750,000 - ₦1,500,000
1.5% – 3% of House price · Varies by state

Subtotal — BrokerageSubtotal, paid to brokerage₦1,450,000 - ₦2,350,000

Estimated Total Closing Costs · individual seller

₦2,050,000 - ₦3,250,000

Seller, bank and brokerage fees for a Payment Plan bought from an individual seller.

4.1% - 6.5% of the house price