Calculate mortgage financing quickly and easily. The calculator determines the possible interest, the term of the loan and calculates with a few inputs the total amount of interest paid. Calculate here, whether an amortization of the mortgage after consideration of the tax effect is worthwhile for you. Based on some details such as purchase price, equity or desired mortgage model, we tell you if and how you can afford your house. The Affordability Calculator shows you your budget, housing costs and everything important about your mortgage / financing.
Whether your financing application meets the requirements of the industry, you can check with the online mortgage calculator – in technical terms, we speak of affordability and loan-to-value ratio. As a rule, the mortgage lending rate may not exceed 80%, ie you have to pay at least 20% of the object value with your own funds (half of it may also come from your PK-credit).
The total cost of ownership of the mortgage and the property must not exceed 33% of your annual gross income. The results of the mortgage calculator are only approximate. The mortgage lending rate is calculated as follows: quotient of the mortgage and the value of the property. As a rule, the lending outflow may not exceed 80 per cent, ie you must finance at least 20 per cent of the property value with your own funds.
Monthly operating costs include mortgage interest
Own funds include, for example, savings, legacies and deposits. You can also use your pension fund assets – however, not more than 10% of the real estate value may be covered by the pension fund assets. As far as affordability is concerned, the monthly fee resulting from the purchase of your home and the mortgage may not exceed 33 percentage points of your gross monthly income.
Monthly operating costs include mortgage interest, maintenance and incidental costs as well as amortization. The remaining expenses are usually recognized as two additional percentage points. For more information on portability, visit our portability calculator page. The mortgage comparison will help you. Decisive for the calculation of the monthly installments is, in addition to the interest, the term of the mortgage repayment to a maximum of 65 to 70 percent of the real estate value.
Mortgage must be redeemed
The calculation is based on the customary amortization period of 15 years. In any case, the mortgage must be redeemed at 65% until retirement age. Further information on depreciation can be found on our amortization calculation. The online mortgage bill is designed as a first orientation and should not replace a single consultation.
In the further course, an individual consultation will clarify what your customized financing form looks like and which mortgage is most suitable for you. Not only the interest rates of the various providers are compared, but worked out together with you the best financing strategy for you. In doing so, we make sure that you have found the right financial partner, can get a clear overview of the market and conclude contracts on the best terms.