German Mortgage Calculator
Get a clear view of your home financing and repayment scenarios.
Property & Down Payment
Financing
Closing Costs & Extras
Understanding the Mortgage Calculator Inputs
German mortgages have specific quirks compared to other countries. Here is high level explanation of how each input works. For more insights, read our detailed guide on German mortgages.
Property Location
Germany does not have a single property tax rate. The Property Transfer Tax (Grunderwerbsteuer) varies by state, from 3.5% in Bavaria to 6.5% in states like Brandenburg and NRW.
Fixed Interest Period (Sollzinsbindung)
You fix your interest rate with the bank for a certain amount of years. A longer period gives security but costs roughly 0.2% more in interest every 5 years of longer fixed period.
Amortization Rate (Tilgung)
This is the % of the loan you pay back annually. Unlike in other countries where mortgages have a fixed duration, in Germany you choose the 'speed' of repayment. A 2%-3% Tilgung is rather standard.
Target Monthly Payment
This is the fixed amount you pay the bank every month. It must be high enough to cover the interest rate plus at least 1% amortization of the loan principal. It is the 'cousin' of the Amortization Rate.
Broker Commission
Since 2020, the real estate agent's (Makler) fee is typically split 50/50 between buyer and seller. These fees cannot usually be financed.
Notary & Registry Fees
These fees are fixed by German law (GNotKG) and cannot be negotiated. You should budget approximately 2.0% of the purchase price (1.5% for the notary and 0.5% for the land registry entry).
Annual Extra Repayment
These payments are not mandatory and are typically limited to a maximum of 5% of the initial loan amount per year. In the calculator, if not empty, we assume the payment is done yearly till the loan is zeroed.