Our mortgage calculator: easy and quick to find your mortgage
We will find the right financing for your property: free of charge and without obligation. Our mortgage calculator helps you to run through various options for your financing. In this way, you can determine which term fits your budget, whether and how much equity you need to contribute and what the maximum repayment rate may be.
Using the information you provide, we will create a personal cost plan for your financing and find the offer with the best interest from over 450 providers. We advise you on all aspects of building finance: from the application to the payment.
How does the mortgage calculator work?
Finding the right financing for your property is no easy feat. It is not only important to compare numerous providers, but also to identify pitfalls in contracts and to determine the best terms for your loan.
We will briefly explain the most important points so that you can better assess which role the individual details play for your mortgage lending.
Purchase price of the property
The purchase price of the property is not automatically to be equated with the loan amount, because the borrower usually brings equity into the mortgage loan. So the loan amount decreases the more equity is available.
In addition to the actual purchase price of the property or the property, there are additional costs. These include the real estate transfer tax, notary fees and brokerage fees.
Equity
Equity describes the financial resources that you, the borrower, contribute to the financing. This can be cash, for example, but also building society savings or other assets.
In the best case scenario, the equity should be 20 to 30 percent of the purchase price. The bank uses it as security for the loan. So it can offer you cheaper interest rates. The following applies: the higher the equity, the lower the interest.
Some lenders also offer mortgage lending without equity - but since there is no collateral in this case, the interest rates are correspondingly high.
Fixed interest rate
The fixed interest rate fixes how long the loan conditions are to apply. This means that during this period, neither the lender nor the borrower can make any changes to the loan. The fixed interest rate can be designed flexibly and adjusted in 5-year steps.
Since you can benefit from a low interest rate over a longer period of time, lenders usually charge a premium for long fixed interest rates. So when is a long rate fixation worthwhile?
The length of the fixed interest rate depends on the current interest rate level: If the mortgage interest rates are at a low level, a long fixed interest rate is worthwhile. If, on the other hand, they are at a high level, it is worth fixing a short borrowing rate - in the hope that mortgage rates will fall and cheaper follow-up financing can be negotiated.
Repayment rate
The repayment rate describes the amount of the monthly payment to pay off the loan. This means that the higher the repayment rate, the faster the loan is paid off and the less interest you pay to the bank. Because the interest is calculated based on the remaining debt.
However, before you choose the highest possible repayment rate, you should make a detailed statement of your monthly costs. Those who overestimate their financial possibilities can quickly put themselves under pressure. Please also note that the building interest is added to the monthly repayment amount.
We will find the right financing for your property: free of charge and without obligation. Our mortgage calculator helps you to run through various options for your financing. In this way, you can determine which term fits your budget, whether and how much equity you need to contribute and what the maximum repayment rate may be.
Using the information you provide, we will create a personal cost plan for your financing and find the offer with the best interest from over 450 providers. We advise you on all aspects of building finance: from the application to the payment.
How does the mortgage calculator work?
Finding the right financing for your property is no easy feat. It is not only important to compare numerous providers, but also to identify pitfalls in contracts and to determine the best terms for your loan.
We will briefly explain the most important points so that you can better assess which role the individual details play for your mortgage lending.
Purchase price of the property
The purchase price of the property is not automatically to be equated with the loan amount, because the borrower usually brings equity into the mortgage loan. So the loan amount decreases the more equity is available.
In addition to the actual purchase price of the property or the property, there are additional costs. These include the real estate transfer tax, notary fees and brokerage fees.
Equity
Equity describes the financial resources that you, the borrower, contribute to the financing. This can be cash, for example, but also building society savings or other assets.
In the best case scenario, the equity should be 20 to 30 percent of the purchase price. The bank uses it as security for the loan. So it can offer you cheaper interest rates. The following applies: the higher the equity, the lower the interest.
Some lenders also offer mortgage lending without equity - but since there is no collateral in this case, the interest rates are correspondingly high.
Fixed interest rate
The fixed interest rate fixes how long the loan conditions are to apply. This means that during this period, neither the lender nor the borrower can make any changes to the loan. The fixed interest rate can be designed flexibly and adjusted in 5-year steps.
Since you can benefit from a low interest rate over a longer period of time, lenders usually charge a premium for long fixed interest rates. So when is a long rate fixation worthwhile?
The length of the fixed interest rate depends on the current interest rate level: If the mortgage interest rates are at a low level, a long fixed interest rate is worthwhile. If, on the other hand, they are at a high level, it is worth fixing a short borrowing rate - in the hope that mortgage rates will fall and cheaper follow-up financing can be negotiated.
Repayment rate
The repayment rate describes the amount of the monthly payment to pay off the loan. This means that the higher the repayment rate, the faster the loan is paid off and the less interest you pay to the bank. Because the interest is calculated based on the remaining debt.
However, before you choose the highest possible repayment rate, you should make a detailed statement of your monthly costs. Those who overestimate their financial possibilities can quickly put themselves under pressure. Please also note that the building interest is added to the monthly repayment amount.
Show More
