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Compare loan offers

Put up to five offers side by side: rate, fixed period, fees – and what each costs if rates rise later.

Looks good

€209,197 interest and fees

Bank A, 10 years is the cheapest overall: €209,197 interest and fees until the loan is repaid, if you pay €1,735.42 a month with every offer.

All offers are compared at the same monthly payment – the highest one among them – because paying more each month always means less interest; banks usually let you choose a higher repayment rate. Offers with a short fixed period look cheap but leave more debt to refinance at an unknown rate. The table below shows what each offer costs if rates end up higher or lower than 4.5%.

Loan
Loan amount German: Darlehensbetrag Use the same amount for every offer – the one you actually need to borrow. The amount you borrow from the bank – usually the purchase price plus incidental costs, minus the own capital you bring. All terms in the glossary
€
Assumed rate after the fixed period When an offer's fixed-rate period ends, the remaining debt has to be refinanced at whatever rates apply then. Nobody knows that rate, so every offer is calculated with this same guess. Try a pessimistic value to see which offer holds up best.
%
Offer 1
Name Any label that helps you tell the offers apart, e.g. the bank and fixed period.
Nominal interest rate German: Sollzins The yearly interest rate on the loan, without fees. The bank charges one twelfth of it each month on the remaining debt. To compare offers, look at the effective rate instead. All terms in the glossary
%
Fixed-rate period German: Zinsbindung How long the interest rate is guaranteed, typically 5–20 years. After it ends, you have to refinance the remaining debt at whatever rates apply then. By law you can cancel any loan 10 years after payout with six months' notice, without a penalty. All terms in the glossary
years
Initial repayment rate German: Anfängliche Tilgung The share of the loan you repay in the first year, in percent. Together with the interest rate it sets the monthly payment: (interest + repayment) × loan ÷ 12. Because interest falls over time, the repayment grows each year. 2–3% is common; below 1.5% the loan takes very long to pay off. All terms in the glossary
%
Processing and valuation fees German: Bearbeitungsgebühr / Schätzkosten One-off costs of taking out the loan, such as a fee for valuing the property. For consumer loans, German courts have ruled general processing fees unlawful, but valuation, broker or partial-payout fees may still apply. Fees raise the effective rate. All terms in the glossary
€
Special (extra) repayment German: Sondertilgung Money you pay on top of the regular rate to reduce the debt faster. It only works if your contract allows it – typically up to 5% of the loan per year for free. Every euro repaid early saves the interest on it for the rest of the term. All terms in the glossary
€
Offer 2
Name Any label that helps you tell the offers apart, e.g. the bank and fixed period.
Nominal interest rate German: Sollzins The yearly interest rate on the loan, without fees. The bank charges one twelfth of it each month on the remaining debt. To compare offers, look at the effective rate instead. All terms in the glossary
%
Fixed-rate period German: Zinsbindung How long the interest rate is guaranteed, typically 5–20 years. After it ends, you have to refinance the remaining debt at whatever rates apply then. By law you can cancel any loan 10 years after payout with six months' notice, without a penalty. All terms in the glossary
years
Initial repayment rate German: Anfängliche Tilgung The share of the loan you repay in the first year, in percent. Together with the interest rate it sets the monthly payment: (interest + repayment) × loan ÷ 12. Because interest falls over time, the repayment grows each year. 2–3% is common; below 1.5% the loan takes very long to pay off. All terms in the glossary
%
Processing and valuation fees German: Bearbeitungsgebühr / Schätzkosten One-off costs of taking out the loan, such as a fee for valuing the property. For consumer loans, German courts have ruled general processing fees unlawful, but valuation, broker or partial-payout fees may still apply. Fees raise the effective rate. All terms in the glossary
€
Special (extra) repayment German: Sondertilgung Money you pay on top of the regular rate to reduce the debt faster. It only works if your contract allows it – typically up to 5% of the loan per year for free. Every euro repaid early saves the interest on it for the rest of the term. All terms in the glossary
€
Offer 3
Name Any label that helps you tell the offers apart, e.g. the bank and fixed period.
Nominal interest rate German: Sollzins The yearly interest rate on the loan, without fees. The bank charges one twelfth of it each month on the remaining debt. To compare offers, look at the effective rate instead. All terms in the glossary
%
Fixed-rate period German: Zinsbindung How long the interest rate is guaranteed, typically 5–20 years. After it ends, you have to refinance the remaining debt at whatever rates apply then. By law you can cancel any loan 10 years after payout with six months' notice, without a penalty. All terms in the glossary
years
Initial repayment rate German: Anfängliche Tilgung The share of the loan you repay in the first year, in percent. Together with the interest rate it sets the monthly payment: (interest + repayment) × loan ÷ 12. Because interest falls over time, the repayment grows each year. 2–3% is common; below 1.5% the loan takes very long to pay off. All terms in the glossary
%
Processing and valuation fees German: Bearbeitungsgebühr / Schätzkosten One-off costs of taking out the loan, such as a fee for valuing the property. For consumer loans, German courts have ruled general processing fees unlawful, but valuation, broker or partial-payout fees may still apply. Fees raise the effective rate. All terms in the glossary
€
Special (extra) repayment German: Sondertilgung Money you pay on top of the regular rate to reduce the debt faster. It only works if your contract allows it – typically up to 5% of the loan per year for free. Every euro repaid early saves the interest on it for the rest of the term. All terms in the glossary
€

Results update as you type.

Side by side Side by side Each column is one offer. The best value in a row is shown in green. The bottom row – total interest and fees until the loan is repaid, at the same monthly payment for all offers – is the fairest overall comparison, because it includes the part after the fixed period.

Bank A, 10 years Bank B, 15 years Bank C, 20 years
Monthly payment Monthly payment German: Rate / Monatsrate What you pay the bank every month: interest plus repayment. With an annuity loan it stays the same for the whole fixed-rate period. All terms in the glossary €1,589.58 €1,662.50 €1,735.42
Fixed for Fixed-rate period German: Zinsbindung How long the interest rate is guaranteed, typically 5–20 years. After it ends, you have to refinance the remaining debt at whatever rates apply then. By law you can cancel any loan 10 years after payout with six months' notice, without a penalty. All terms in the glossary 10 years 15 years 20 years
Effective rate Effective annual rate (APR) German: Effektivzins The true yearly cost of the loan: it includes monthly compounding and fees. German banks must state it in every offer, which makes it the fairest number for comparing loans. All terms in the glossary 3.51% 3.76% 4.02%
Interest in fixed period Interest in fixed period The interest you pay while the rate is guaranteed. Only comparable between offers with the same fixed period. €107,300 €159,164 €203,746
Owed when it ends Remaining debt German: Restschuld What you still owe at a given time – most importantly at the end of the fixed-rate period, because that amount has to be refinanced at the rates of that time. All terms in the glossary €266,550 €209,914 €137,245
Debt-free, same payment Debt-free, same payment When the loan would be fully repaid if you paid the same monthly amount with every offer (the highest of their payments), assuming the follow-up rate you entered. Aug 2053 Sep 2053 Jul 2054
Total interest and fees, same payment Total interest and fees, same payment Everything you pay on top of the loan itself until it is repaid, with every offer paying the same monthly amount – the fairest single number to compare offers. €209,197 €211,556 €229,603

Remaining debt Remaining debt German: Restschuld Each line shows how much an offer still owes at the end of each year. Where a line is high when its fixed period ends, a lot of debt has to be refinanced at an unknown rate. What you still owe at a given time – most importantly at the end of the fixed-rate period, because that amount has to be refinanced at the rates of that time. All terms in the glossary

Longer fixed periods cost more interest now but leave less to refinance

What if rates change? Follow-up financing German: Anschlussfinanzierung Each group of bars is one possible interest rate after the fixed period. Lower bars are cheaper. An offer that stays cheap even at high rates is the safer choice. The new loan (or new rate with the same bank) for the remaining debt once the fixed-rate period ends. Nobody knows future rates, so plan with a pessimistic value. A forward loan (Forward-Darlehen) can lock in a rate up to about five years in advance, for a surcharge. All terms in the glossary

Total interest and fees for a follow-up rate other than 4.5%