From the loan, which is the purchase price minus the down payment, the annual interest rate, and the term. The rate is applied monthly. The payment stays the same while that rate applies. When the fixed interest period ends, the bank sets a new rate.
Mortgage Calculator for Germany
This mortgage calculator estimates the monthly payment for a property in Germany from the purchase price, the down payment, the interest rate, and the term. How that payment fits a Berlin purchase is set out in mortgage financing in Berlin.
How this calculator works
The payment is an annuity. Interest and principal repayment (Tilgung) stay the same each month for as long as the rate you enter applies across the fixed interest period. A typical Berlin start is a purchase price around €350,000, a down payment around €70,000, and 4.50 percent over 30 years. A higher rate or a shorter term raises the monthly payment. A shorter term lowers the interest paid over the life of the loan.
Two lines under the payment are estimates, not bills. Property tax is set at 1.5 percent of the purchase price per year, and insurance at 0.75 percent. Both are divided by twelve. Berlin property tax follows the assessed base and the municipal multiplier, not this percentage.
Closing costs when buying property in Germany are not inside the payment. Transfer tax, the notary, the land registry, and any agent share sit on top of the price, and many banks finance only part of them. For a non-resident, the down payment is often the first question, because the equity has to cover more than the gap in the loan. The practical range is in the down payment for buying an apartment in Berlin. Current listings are on apartments for sale in Berlin.
Sweet Home is not a bank and does not lend. The figure is a guide before you compare offers.
Common questions
They are allowances, not a Berlin assessment. 1.5 percent of the purchase price per year for property tax and 0.75 percent for insurance, each divided by twelve. The real property tax depends on the assessed base and the municipal multiplier.
No. The payment covers only the loan on the purchase price after the down payment. Transfer tax, the notary, the land registry, and an agent share are extra, and banks often finance only part of them.
For many Berlin apartments the start is about 20 percent of the purchase price, plus the closing costs the bank does not fully finance. For a non-resident that equity is often the first point a bank checks.
No. Sweet Home is not a bank and does not lend. The payment is a guide. The rate, the loan-to-value, and the approval come from the lender.