🏠 Mortgage Calculator – Calculate your Monthly Installment and Total Cost
With the MoneyNarrative Mortgage Calculator you can calculate which monthly installment, remaining debt, ancillary costs, and total costs arise with your real estate financing. The calculator takes into account the purchase price, equity, interest rate, amortization, term, ancillary costs, and interest rate fixed period – and clearly shows you how your mortgage develops over the years.
It helps you to understand:
- How high your monthly installment is with different interest rates and amortization
- Which total costs, including interest and ancillary costs, arise
- How remaining debt and follow-up financing develop
- How special repayments affect the term and interest costs
💡 Example Calculation
Suppose you are planning to purchase a property for €420,000, have €50,000 in equity, and finance €370,000 via a loan with a 3.78% effective annual interest rate and 2.5% initial amortization.
This results in:
- Monthly Installment: €1,688
- Total Cost: €448,280
- Total Interest: €80,000
- Remaining Debt after 10 years: €280,241
- Loan-to-Value (LTV): 82.15%
- Ancillary Costs (Land Transfer Tax, Notary, Broker): €48,280 (≈ 12.07% of the purchase price)
The calculator also shows you what installment to expect for a follow-up financing after the interest rate fixed period expires – based on a new interest rate estimate.
📊 How the Mortgage Calculator Works
- Enter Purchase Price: Price of the property or land
- Equity: Amount you contribute yourself
- Interest Rate & Amortization: Effective annual interest rate and desired amortization rate
- Interest Rate Fixed Period: Period for which the interest rate is fixed
- Ancillary Costs: Land transfer tax, notary, land registry, broker commission
- Optional Special Repayment: Additional repayments to reduce the remaining debt
The calculator will then show you:
- Monthly Loan Installment
- Total costs over the term
- Remaining debt at the end of the interest rate fixed period
- Ancillary costs & Loan-to-Value
- Interest portion vs. Amortization portion
🧮 Why the Mortgage Calculator is Important
A mortgage often accompanies you for many years – small differences in interest rate or amortization can save or cost tens of thousands of Euros. With the mortgage calculator, you get a realistic overview of your financing – from the installment to the follow-up financing.
🧭 Conclusion
The MoneyNarrative Mortgage Calculator helps you to plan the right financing strategy for your property purchase. It shows which combination of interest rate, amortization, and equity best suits your goals – and how you can minimize interest costs and maximize planning certainty.
💬 Tip
Additionally, use the Loan Calculator, to compare classic consumer loans – or the Inflation Calculator to see how the purchasing power of your money changes in the long term.