Mortgage Calculator

Calculate your monthly payment and total interest

Loan Details

€
%
years
€

Calculation Results

Enter loan details to calculate

Mortgage Calculator in Europe

Calculate your monthly mortgage payment, see the total cost of your loan, and understand how much you'll pay in interest. This calculator uses the standard amortization formula.

How to Use

  1. Enter the property price
  2. Input the annual interest rate
  3. Select the loan term in years
  4. Optionally add your down payment

The Formula

This calculator uses the amortization formula: M = P × [r(1+r)ⁿ] / [(1+r)ⁿ - 1], where P is the loan amount, r is the monthly rate, and n is the number of payments.

Frequently Asked Questions

How much income do I need to qualify for a mortgage?

Lenders typically approve mortgages when your monthly payment is 28-36% of your gross income. Calculate your payment and multiply by 3 — that's roughly the minimum monthly income needed.

How can I reduce my total mortgage interest?

Three ways: increase your down payment, choose a shorter loan term, or make extra payments toward principal. Even small additional payments can save thousands in interest.

How much down payment do I need for a mortgage?

Minimum is typically 10-20% depending on loan type and lender. A 20% down payment often gets you better rates and may avoid additional insurance requirements. Aim for at least 20% if possible.

Is it worth paying off my mortgage early?

Yes, especially in the early years when most of your payment goes to interest. Extra payments reduce both your loan term and total interest paid significantly.

Ready to Buy?

Find the best deals on our classifieds board

Browse Listings
Share:
Copied