FinCal

Mortgage

Monthly rate, remaining debt after the fixed-rate period, full repayment plan and what special repayments save.

CSV

€1,633.33 a month

You pay €1,633.33 a month. After 10 years you still owe €265,892, and you are debt-free in Sep 2057.

Over 31 years you pay €257,414 in interest: every euro borrowed costs you €1.74 in total. The part after the fixed period assumes 4.5% interest.

Loan
Loan amount German: Darlehensbetrag 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
€
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
Repayment
Set the loan by Set the loan by Choose what you know: the repayment rate from a bank offer, how many years you want to take to repay, or the monthly payment you can afford. The calculator works out the other two.
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
%
After the fixed period Anschlussfinanzierung
Assumed follow-up rate The interest rate for the remaining debt once the fixed period ends. Rates in ten years can be much higher or lower than today; a value 1–2 points above today's rate is a cautious assumption.
%
Then pay Then pay Keep paying the same monthly amount as before, or agree a new repayment rate on the remaining debt, which changes the monthly payment.
Extra repayments Sondertilgung
Every year An extra payment once a year, e.g. from a bonus or tax refund. Most contracts allow up to 5% of the loan per year for free.
€
For For how many years you make the yearly extra payment. 0 means every year until the loan is gone.
years
Extra every month An amount paid on top of the regular monthly payment. Some contracts allow changing the repayment rate instead (Tilgungssatzwechsel) – the effect is the same.
€
One-off amount A single larger payment, e.g. from an inheritance or a sold car.
€
In loan year In which year of the loan the one-off amount is paid. Year 1 is the first year after payout.
More details
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
€
Payout month When the bank pays out the loan. It only sets the calendar dates in the plan; leave it empty to start this month.
Inflation Prices rise over time, so a fixed payment gets easier to afford. Inflation lets the calculator show what future payments are worth in today's money. The ECB aims for 2% a year.
%

Results update as you type.

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
€1,633.33
Remaining debt after fixed period 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
€265,892
Total interest Total interest All interest you pay until the loan is repaid – the cost of borrowing. The part after the fixed period uses your assumed follow-up rate.
€257,414
Debt-free Debt-free The month of the last payment, when the loan is fully repaid.
Sep 2057
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
3.66%

Refinancing risk

You still owe €265,892 when the fixed rate ends and must refinance it at the rates of that time. Every extra percentage point of interest then costs about €222 a month.

Remaining debt Remaining debt German: Restschuld How much you still owe at the end of each year. With extra repayments, the second line shows the same loan without them, so you can see how much sooner it is paid off. 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

Balance at the end of each loan year

What each year's payments go to What each year's payments go to Each bar is one year of payments, split into interest (the bank's income) and repayment (which reduces your debt). The monthly payment stays the same, but the repayment share grows every year.

Interest shrinks as the debt falls

Where your money goes Where your money goes The total of all payments: the loan itself, the interest on top, and one-off fees. Today's money adjusts the total for inflation.

Everything you pay until the loan is gone

Repayment
€350,000 58%
Interest
€257,414 42%
Fees
€0 0%

In today's money the payments are worth €453,585 at 2% inflation – of €607,414 nominal.

Repayment plan Repayment schedule German: Tilgungsplan Every payment until the loan is repaid. The highlighted row is the end of the fixed-rate period. A table of every payment, showing how much goes to interest and to repayment and what debt remains afterwards. All terms in the glossary

Year Interest rate Paid Interest Repayment Extra Remaining
1 (2027) 3.60% €19,600 €12,483 €7,117 €0 €342,883
2 (2028) 3.60% €19,600 €12,223 €7,377 €0 €335,506
3 (2029) 3.60% €19,600 €11,953 €7,647 €0 €327,859
4 (2030) 3.60% €19,600 €11,673 €7,927 €0 €319,932
5 (2031) 3.60% €19,600 €11,383 €8,217 €0 €311,715
6 (2032) 3.60% €19,600 €11,082 €8,518 €0 €303,197
7 (2033) 3.60% €19,600 €10,770 €8,830 €0 €294,368
8 (2034) 3.60% €19,600 €10,447 €9,153 €0 €285,215
9 (2035) 3.60% €19,600 €10,112 €9,488 €0 €275,727
10 (2036) 3.60% €19,600 €9,765 €9,835 €0 €265,892
11 (2037) 4.50% €19,600 €11,806 €7,794 €0 €258,098
12 (2038) 4.50% €19,600 €11,448 €8,152 €0 €249,946
13 (2039) 4.50% €19,600 €11,073 €8,527 €0 €241,419
14 (2040) 4.50% €19,600 €10,681 €8,919 €0 €232,500
15 (2041) 4.50% €19,600 €10,272 €9,328 €0 €223,172
16 (2042) 4.50% €19,600 €9,843 €9,757 €0 €213,415
17 (2043) 4.50% €19,600 €9,395 €10,205 €0 €203,210
18 (2044) 4.50% €19,600 €8,926 €10,674 €0 €192,536
19 (2045) 4.50% €19,600 €8,436 €11,164 €0 €181,372
20 (2046) 4.50% €19,600 €7,923 €11,677 €0 €169,695
21 (2047) 4.50% €19,600 €7,386 €12,214 €0 €157,481
22 (2048) 4.50% €19,600 €6,825 €12,775 €0 €144,707
23 (2049) 4.50% €19,600 €6,238 €13,362 €0 €131,345
24 (2050) 4.50% €19,600 €5,625 €13,975 €0 €117,370
25 (2051) 4.50% €19,600 €4,983 €14,617 €0 €102,752
26 (2052) 4.50% €19,600 €4,311 €15,289 €0 €87,464
27 (2053) 4.50% €19,600 €3,609 €15,991 €0 €71,472
28 (2054) 4.50% €19,600 €2,874 €16,726 €0 €54,746
29 (2055) 4.50% €19,600 €2,106 €17,494 €0 €37,252
30 (2056) 4.50% €19,600 €1,302 €18,298 €0 €18,954
31 (2057) 4.50% €19,416 €461 €18,954 €0 €0