Building Savings Calculator
Calculate your building savings contract. With savings amount, savings phase, loan interest and repayment. Free with amortization schedule, interest.
Savings phase
Saved balance
€16,946.08
Deposits
€16,800.00
Savings ratio
33.9%
| Year | Deposits | Interest | Balance |
|---|---|---|---|
| 1 | €2,400.00 | €2.75 | €2,402.75 |
| 2 | €4,800.00 | €11.52 | €4,811.52 |
| 3 | €7,200.00 | €26.31 | €7,226.31 |
| 4 | €9,600.00 | €47.15 | €9,647.15 |
| 5 | €12,000.00 | €74.05 | €12,074.05 |
| 6 | €14,400.00 | €107.02 | €14,507.02 |
| 7 | €16,800.00 | €146.08 | €16,946.08 |
Loan phase
Loan
€33,053.92
Monthly installment
€200.00
Repayment period
15 J. 6 Mon.
<strong>Note:</strong> The savings ratio of 33.9% is below the usual 40-50% required for allocation.
Note: These calculations are for informational purposes only and do not replace professional tax or financial advice. All information without guarantee.
FAQ
Frequently Asked Questions
How does a building savings contract (Bausparvertrag) work?
You save a portion of the contract sum (typically 30-50%) during the savings phase. Once allocation-ready, you can take out the building savings loan at a guaranteed interest rate for the remaining amount.
Is a building savings contract still worthwhile?
It can be worthwhile for securing low interest rates for future property purchases, for the housing premium (Wohnungsbauprämie) of up to 70 euros per year, and for employer savings allowances (VWL).
Are my entered amounts stored anywhere?
No. All calculations happen exclusively in your browser. Your inputs are never sent to our server or stored. You can safely enter sensitive financial data.
Guide
Quick Answer
The building savings calculator computes the savings phase, interest, housing premium and the conditions of the building savings loan.
What is the Building Savings Calculator?
The building savings calculator computes the savings phase, interest, housing premium and the conditions of the building savings loan.
How does the Building Savings Calculator work?
Enter the target sum and monthly savings contribution. The calculator shows the duration of the savings phase until allocation readiness (typically 40-50% of the target sum), the savings interest and the loan conditions.
Key Data and Facts
Housing premium: 10% on max. 700 euros/year (single) or 1,400 euros (married). Income limits: 35,000/70,000 euros taxable income. Loan rate fixed at contract signing.
Step-by-Step Guide
How to calculate your building savings contract step by step: 1. Set the savings sum: the total amount of savings balance and building loan (e.g. 50,000 EUR). 2. Enter the monthly savings rate: usually 3-5 per mille of the savings sum. 3. Calculate the savings phase: allocation readiness is reached at approx. 40-50 % of the savings sum. Credit interest: currently approx. 0.01-0.25 %. 4. Check the housing construction premium: 10 % on a maximum of 700 EUR/year (single people) or 1,400 EUR (married couples). Income limits: 35,000/70,000 EUR taxable income. 5. Loan phase: the loan (the difference to the savings sum) is repaid at the interest rate set when the contract was concluded. 6. Compare the total cost: compare the effective interest rate of the building loan with current bank loans. Example: savings sum 50,000 EUR, savings rate 200 EUR/month. Savings level 40 % = 20,000 EUR. Savings phase: 20,000 / 200 = 100 months (approx. 8.3 years). Housing construction premium: 200 x 12 = 2,400 EUR/year, of which a maximum of 700 EUR is premium-eligible. Premium: 700 x 10 % = 70 EUR/year. Building loan: 30,000 EUR at 1.5 % loan interest. Repayment at 6 per mille of the savings sum (300 EUR/month): approx. 9 years.
Calculation Example
Building savings sum 50.000 EUR, savings instalment 200 EUR/month. Savings phase (40 %): about 8,3 years. Home construction bonus: 70 EUR/year. Building savings loan 30.000 EUR, 1,5 % interest, repayment 300 EUR/month: about 9 years.
Sources · E-E-A-T
Official sources
Calculations are based on applicable German laws and official data:
- Deutsche Bundesbank
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Statistisches Bundesamt (Destatis)
Full methodology at Methodology.
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