Mortgage Calculator
Calculate your mortgage with repayment, fixed-rate period and extra payments. Including amortization schedule and remaining balance.
Loan amount
240.000,00 €
Monthly installment
1.100,00 €
Restschuld nach 10 Jahren
182.627,00 €
Gesamtlaufzeit (geschätzt)
ca. 29 Jahre
Gezahlte Interest
142.074,53 €
Note: These calculations are for informational purposes only and do not replace professional tax or financial advice. All information without guarantee.
Frequently Asked Questions
How much equity do I need for a mortgage?
Banks generally recommend at least 20-30% equity. This should cover the ancillary purchase costs (10-15%) plus a portion of the property price. The more equity, the better the interest rate.
What is the difference between fixed and variable interest rates?
A fixed rate guarantees the same interest for the agreed period (typically 10-15 years). A variable rate changes with the market and carries more risk but can be cheaper initially.
What is the Mortgage Calculator?
The mortgage calculator computes the monthly instalment and remaining debt of a property loan. It shows the repayment schedule over the entire fixed-rate period.
How does the Mortgage Calculator work?
Enter the loan amount, nominal rate, fixed-rate period and initial repayment rate. The annuity equals interest plus repayment. At the end of the fixed-rate period the remaining balance for follow-on financing is shown. Extra repayments reduce the term.
Key Data and Facts
Buying costs: transfer tax (3.5-6.5%), notary (approx. 1.5-2%), broker (approx. 3-4% per side). Special termination right after 10 years of fixed rate (Section 489 BGB).
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