Mortgage Calculator
Calculate your mortgage for property purchase. With interest rate, repayment and monthly installment.
Loan amount
240.000,00 €
Monthly installment
1.201,50 €
Total costs
360.448,97 €
Total interest
120.448,97 €
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 mortgage can I afford?
A common rule is that the monthly payment should not exceed 35-40% of net household income. Banks also consider existing debts, living expenses, and the property value as collateral.
What is the difference between a mortgage and a loan?
A mortgage (Hypothek) is specifically secured by real estate through a land charge (Grundschuld). A loan is a general credit agreement. Most property financing in Germany uses land charges as security.
What is the Mortgage Calculator?
The mortgage calculator computes the monthly instalment and total cost of property financing secured by a land charge.
How does the Mortgage Calculator work?
Enter the property value, equity, interest rate and desired repayment rate. The calculator determines the loan requirement, monthly instalment and remaining balance at the end of the fixed-rate period. Comparison of different fixed-rate periods is possible.
Key Data and Facts
Typical loan-to-value: max. 80% for best conditions. Fixed-rate periods: 5, 10, 15, 20, 25 or 30 years. Recommended equity: at least 10-20%.
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