Find out the best fit for your project
Your German Mortgage & Repayment Calculator
This mortgage calculator gives you a quick overview of your real estate financing in Germany. Simply enter the basic data of the property and purchase fees. The down-payment should be at least the amount of your purchase fees, which will also be calculated.
You then determine the repayment amount and receive the monthly credit installment and the total financing term. The current market interest rates are up to date for your specific situation. The higher the capital repayment per year, the faster you are debt-free.
Fill in the form to calculate your mortgage & repayment
Legal notice
The mortgage calculation results are based on what you entered and should be used as a guide only. It is just to give you an idea of your potential mortgage payment. In order to assess your case in more detail, we would advise you to get in touch with us and tell us more about your project. We can then prepare a tailor-made mortgage proposal with a payment plan for you.
And don’t forget: Your data is safe with Your German Mortgage. We neither store your IP address nor your email or other personal data. We can’t link your calculations to your person. Take a look at our cookie policy.
Your Data
Financial parameters
Legal notice
The mortgage calculation results are based on what you entered and should be used as a guide only. Just to get an idea how a possible mortgage payment could look like. In order to assess your case completely we should get in touch and you tell us more about your project. We will then prepare a tailor-made mortage proposal with a payment plan for you.
And don’t forget: Your data is safe with Your German Mortgage. We neither store your IP-address nor your email or other personal data we can’t connect your calculations to your person. Take a look at our cookie policy.
Your next steps
Qualify as a property buyer
Qualify financially with Your German Mortgage. Get in touch with us.
Find yourself a home
Choose the property that will be your new home in Germany.
Get your mortgage contract
This includes the guarantee for the bank on the property and must be notarized.
Notarize the purchase contract
The German way to secure your ownership through an impartial notary.
Move into your new place
After the purchase price has been paid in full, you have full ownership.
Do you have questions?
We can answer them. And we often find ways to finance your property that are exclusive to our customers.
FAQ - Mortgage Calculator
We are here to answer your questions about the German housing market
How much loan / mortgage can I afford?
As a rule of thumb, you just need to multiply your monthly net income by 100 to get the maximum loan amount most banks will provide to you. This amount can be 100% of the purchase price. The purchase fees (notary / purchase tax and real estate agent fee) should be available in cash.
Is it possible to get a pre-approval certificate for my German mortgage?
Yes, this is possible, but only with certain banks. However, we can give you a very good indication whether your application will be accepted.
How long will it take to get my mortgage?
This depends entirely on the current number of applications to the relevant bank. It can last anywhere from two or three days to three weeks. In any case, we will inform you immediately of any progress, which will also be displayed in our IT systems.
Can you guarantee that I will get a mortgage in Germany?
If your application complies with the lending guidelines of the banks and you have a positive internal liquidity calculation at this bank, you can be sure to receive a loan agreement. So far, we have found a financing option for every case.
Are modernization costs for my property also financed?
Yes, of course these costs can also be taken into account and financed by the bank. The banks, however, differentiate between value-enhancing measures and purely cosmetic work. Value-enhancing measures are:
- Bathroom renovation
- New floors
- New electrical installation
- New heating
- New windows
- Change of floor plan
Costs for painting work are generally not taken into account.
Does the bank also finance my new kitchen?
No, unfortunately not. A kitchen can, by and large, be removed from the house or apartment and therefore cannot be financed with a mortgage.
What do I need to do after my mortgage has been approved?
You will receive the contract and the land charge (Grundschuld). This is the guarantee for the bank that they hold your property and must be notarized. After the authorities have registered it in the land register (Grundbuch) under your name, the bank will provide your loan.
How will the purchase price be paid for new developments - properties under construction?
If you buy an apartment in a new development, your mortgage contract will be signed and sealed, but not delivered. The developer will send you invoices based on the construction status of your property. The construction period can be up to 24 months or even longer, and you will need to stay in close touch with your bank. We can save you time and ease your mind by guiding you through this process and assist you by preparing your payment orders for the lenders.
Expertise in real estate financing and mortgage calculations is crucial in navigating the complexities of property acquisition. I've delved into various aspects of mortgage structures, repayment strategies, and the German real estate market. Let's break down the key concepts touched upon in the provided article:
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Mortgage & Repayment Calculator:
- Overview: The calculator requires basic property and purchase fee details to provide a quick financing overview.
- Down-payment: Suggested to be at least the purchase fees, calculated by the tool.
- Repayment: Users determine the repayment amount, affecting monthly credit installments and total financing term.
- Interest Rates: Reflects current market rates, influencing the speed of becoming debt-free.
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Legal Notice and Data Privacy:
- Disclaimer: Results are a guide, advising users to contact for a detailed assessment.
- Data Security: Emphasizes that user data is safe, with no storage of IP addresses or personal information.
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Next Steps in Property Acquisition:
- Qualification: Financial qualification with Your German Mortgage is recommended.
- Property Selection: Buyers are encouraged to choose a property in Germany.
- Mortgage Contract: Involves a notarized contract with a bank guarantee on the property.
- Notarization of Purchase Contract: A German legal step to secure ownership with a neutral notary.
- Ownership: Achieved after full payment of the purchase price.
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FAQ - Mortgage Calculator:
- Affordability Calculation: Monthly net income multiplied by 100 for the maximum loan amount.
- Pre-approval: Possible with certain banks, with a preliminary indication offered by Your German Mortgage.
- Mortgage Processing Time: Varies based on the current bank workload, with updates provided to applicants.
- Mortgage Approval Guarantee: Subject to compliance with bank guidelines and positive internal liquidity calculation.
- Financing Modernization Costs: Possible for value-enhancing measures, with a distinction from purely cosmetic work.
- Exclusion of Kitchen Financing: Kitchens, removable from the property, are not financed through a mortgage.
- Post-Approval Steps: Involves receiving the contract and land charge, which is notarized for loan provision.
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Financing New Developments:
- Mortgage Contract for New Developments: Signed but not delivered, with invoices based on construction progress.
- Construction Period: Can extend up to 24 months or more, requiring close coordination with the bank.
- Assistance from Your German Mortgage: Offers guidance and assistance in the payment process for new developments.
Understanding these concepts equips potential property buyers with the knowledge needed to make informed decisions in the German real estate market.
