As the only independent German mortgage calculator for Expats, Blue Card holders and foreign investors, we compare offers from all relevant financial institutions.
Our experts determine the perfect mortgage, regardless of whether you are buying to live in, to invest, or you are looking to refinance.
Our mortgage calculator can help you quickly estimate the monthly mortgage repayments for your new home, including taxes, insurance and fees. Here’s the information you’ll need to understand the mortgage calculator.
The monthly payment amount that is composed of the interest and principal payment. It is the amount that you will need to pay each month to secure the mortgage.
The amount charged as a % of principal to borrow the funds. It can be fixed for 5-30 years. The total cost of the mortgage is the cumulative amount of interest paid. The rate will vary based on credit, down payment, and duration.
The money going to pay down the loan balance each month. As time goes by, you will pay a higher amount toward principal and less to interest.
The initial amount of money paid, outside of the mortgage, to the property’s seller. It lowers the amount of interest paid over the course of the home loan, the monthly repayments and provides lenders with a degree of security.
They are the transaction costs depending on the location of the property, including notary costs, real estate agent fees and tax. They range between 10%-15% of the purchase price of the property.
This is the most common type of mortgage in Germany with a constant payment each month. As you repay the load, the interest portion decreases and the repayment portion increases. You can pay up to 5% of the loan balance annually.
Buying a property is one of the most important decisions of your life, it’s natural that you’ve got a few questions. Do banks offer more or less financing depending on my residency status? How much will the bank lend me based on my income and down payment? What lenders does LoanLink work with? Does Germany have specific rules in place that are unique from other places?
To alleviate some of your concerns, we have developed a list of answers to your most pressing questions regarding home loan, packed with advices for first-time home buyers and investors alike.
And make sure to use our range of calculators to compare loan rates, repayment and fees calculations.
The maximum amount you can borrow in Germany depends on your residency status.
Live and work in Germany: up to 100% of property value is possible. However, 50 to 60% debt funding will get you the best interest rates
Live and work abroad: up to 70% - 80% of the property value is possible
With our mortgage calculator, we can give you a rough idea of how much you can borrow. Head over to our mortgage page to find out what you can expect to borrow in Germany.
A robust housing market and overall low interest rates make mortgage payments attractive now. Germany continues to establish its position as one of Europe’s and the world’s safe havens.
The most common mortgage type in Germany is the Annuity loan.
The Annuity loan is a fixed-rate loan. The monthly rates remain constant over the life of the loan. In the beginning, the interest portion of the instalment is high. At the same time, the repayment portion of the instalment is low. As the borrower repays the loan, the interest portion decreases and the loan repayment portion increases. A borrower repays a mortgage over a fixed term of 5 to 30 years.
In general, 10 years is the most common fixed term. Borrowers usually repay the loan on a scale from 2% to 10% per year Likewise, the borrower has the option of paying up to 5% of the loan annually.
Interest can be fixed from 3-40 years.
KfW bank offers different loan concessions for those who want to buy or build a home for themselves to live in as well as for everyone who is investing to make an older residential building more energy-efficient. In many cases KfW bank can provide a lower rate of interest and have the benefit of lowering your mortgage costs.
Depending on the programme, between 50,000 and 100,000 EUR can be financed with individual KfW programmes.
LTV, Fixed Interest Period, Type of Use, Income Type, SCHUFA, Repayment Rate
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