Mortgage Calculator: Empower Your Mortgage Journey

When it comes to making one of the most significant financial decisions of your life—buying a home—it's crucial to have a clear understanding of your mortgage options and affordability. That's where our Mortgage Calculator becomes an invaluable tool in your homeownership journey. Our mortgage calculator allows you to estimate your loan payments, explore different scenarios, and gain insights into your financial capabilities. Let's delve into why a mortgage calculator and understanding mortgage affordability are essential steps in the homebuying process.


Our mortgage calculator is a valuable tool that allows you to estimate your monthly loan payments with ease. By inputting factors such as the loan amount, interest rate, and loan term, you can get a clear picture of what your potential payments will be. This information is crucial for effective budget planning, as it helps you determine if a particular mortgage aligns with your financial goals. With this knowledge, you can make informed decisions and ensure that your mortgage fits comfortably within your budget.

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Mortgage calculation: Scenarios

Buying a home involves considering various scenarios and options. Our mortgage calculator empowers you to explore different scenarios effortlessly. You can adjust variables like loan amounts, interest rates, and loan terms to understand the impact of these factors on your monthly payments and long-term affordability. By utilizing our mortgage calculator, you can compare different mortgage options and make well-informed choices that suit your unique financial situation.

Mortgage calculation: Affordability

Understanding mortgage affordability is crucial to avoid overextending your finances. Our mortgage calculator takes into account factors such as your income, monthly expenses, and down payment to provide you with a realistic estimate of the mortgage amount you can comfortably afford. With this information at your fingertips, you can make informed decisions about your borrowing limits and avoid potential financial strain. Our mortgage calculator is an essential tool for ensuring that your mortgage fits within your means.

Mortgage calculation: Planning

Effective financial planning is key to achieving your homeownership goals. Our mortgage calculator facilitates proactive financial planning by evaluating the impact of different interest rates, loan terms, and down payment amounts on your monthly cash flow. With this knowledge, you can set realistic financial goals, save strategically for a down payment, and make well-informed decisions throughout your home buying journey. Our mortgage calculator empowers you to plan ahead and make financial decisions that align with your aspirations.

Mortgage calculation: Decision

Making informed decisions is crucial when it comes to mortgages. Our mortgage calculator provides you with the confidence to navigate the mortgage process effectively. By gaining a clear understanding of your potential mortgage payments and affordability, you can gain competence on understanding offers from various lenders, you can explore various loan options, and choose the mortgage that best suits your financial situation. With the mortgage calculator's insights, you become an active participant in the mortgage process, empowered to make decisions that align with your financial goals and aspirations.

Closing house transaction

Mortgage Calculator: Understand the relevance of property vs. loan

Loan-to-Value (LTV) plays a crucial role in mortgage calculation and determining the affordability of a property purchase. It represents the ratio of the loan amount to the appraised value or purchase price of the property. Understanding the connection between LTV, property value, and mortgage calculation is essential for both borrowers and lenders. Let's delve deeper into this relationship:

On the way to my property

Calculating a mortgage involves determining the loan amount based on the property value and the desired LTV ratio. For example, if the property value is €500,000 and the LTV ratio is set at 80%, the loan amount would be €400,000 (80% of €500,000). The borrower would need to provide the remaining 20% as a down payment.

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Mortgage calculation: Property Value

The property value is a key factor in determining the loan amount and LTV ratio. Lenders assess the property's value through an appraisal to ensure it aligns with the requested loan amount. The property value serves as the foundation for calculating the LTV and influences loan terms, such as interest rates and eligibility requirements.

Mortgage calculation: Loan to Value

The LTV ratio holds significant weight in mortgage lending decisions. Lenders use this ratio to evaluate the risk associated with a specific loan. A higher LTV ratio indicates a larger loan amount relative to the property value, increasing the lender's risk exposure. Generally, lenders prefer lower LTV ratios as they signify a higher equity position for the borrower.

Mortgage calculation: Affordability

The LTV ratio, along with other factors like the borrower's creditworthiness and income, determines mortgage affordability. A lower LTV ratio often leads to more favorable loan terms, including lower mortgage interest rates.

Bringing the two together

Understanding the relationship between LTV, property value, and mortgage calculation is vital for borrowers. A lower LTV ratio indicates a smaller loan amount compared to the property value, resulting in lower monthly mortgage payments and reduced overall interest costs. It can also provide borrowers with more financing options and better terms from lenders.

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Why finbird and additional services


As an expat buyer in Germany, you may encounter unique challenges related to language barriers, unfamiliar regulations, and unfamiliarity with the local market. Having a network of trusted professionals who understand the nuances of the German mortgage market can make a significant difference in your buying journey.  finbird not only offers you a comprehensive financing solution but also provides access to a broad network of experts. The network acts as a support system, ensuring that you receive the necessary introductions at each stage in your journey. The importance of accessing a professional network of experts becomes evident when considering the complexities involved in property transactions. We work closely with qualified appraisers, experienced lawyers, and tax consultants to ensure that you receive the best possible advice and support during the real estate process.

Our collaboration with appraisers allows you to obtain a detailed property valuation to determine the realistic value of your potential property. This helps you make an informed purchase decision and ensures that you pay a fair price.

The cooperation with lawyers is of great importance to ensure that all legal aspects of the real estate purchase are properly handled. Our partner lawyers assist you in reviewing contracts, conducting due diligence examinations, and ensuring a smooth transaction process.

In addition, our network of experienced tax consultants in the real estate field is at your disposal to ensure that you understand and optimize all tax aspects of your real estate purchase. You will receive professional advice on tax optimization and compliance with all tax obligations related to your real estate investment.

Furthermore, for expats, access to translation services is a constant companion along the property buying journey.

We work with carefully selected professionals to ensure that you benefit from their expertise and knowledge, and that your real estate investment is built on a solid legal and financial foundation.

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Guiding You Through Your Mortgage Journey in Germany

At finbird digital, we specialize in assisting expats as they navigate the mortgages and loans in Germany. Our goal is to provide comprehensive services that cater to your individual needs and help you secure the right mortgage. With our extensive experience, strong network in the real estate industry, and expert advice on mortgage rates, loans, interest rates, and finance, we are well-equipped to support you every step of the way.

How Can We Work Together?

We understand that getting a mortgage is a crucial part of your real estate buying journey in Germany. Each mortgage case is unique, and every buyer has different financial circumstances, preferences, and tolerance for risk. We are committed to making mortgage affordability a priority. We analyze your financial situation, explore various loan options, and assess interest rates to ensure that you find a mortgage that fits your budget and goals. Our team will guide you through the intricacies of mortgage rates, providing personalized advice and assistance to help you achieve your dream of homeownership in Germany. With our expertise in finance and real estate, we strive to simplify mortgages, loans and interest rates to ensure that you make sound financial decisions. To start the process, we will have an initial conversation to assess your current situation and discuss the mortgage rate options available to you. To help us better understand your needs, we will provide you with a confidential pre-intake questionnaire. Once you complete it, we can move forward and guide you through the next steps, helping you find the right mortgage solution in Germany.


Below you will find the most common questions on how to calculate a mortgage, how to be eligible and what restrictions may apply when one want to obtain a mortgage.

  • What is required from me to calculate my mortgage in Germany?

    To find which mortgage is right for you and also a realistic option, there are two important factors to consider. Your current household income and your available equity/down payment available to inject into the planned property purchase. Household income refers to the sum of income that all people are contributing to a joint household (e.g. spouse, life partner, family member). Equity does not only refer to cash alone and may also include equity held in stocks, bonds, commodities, crypto or other assets.

  • What effect will different amounts of savings/assets have on my mortgage interest rate and my monthly EMI?

    Interest rate improvements happen in steps. This means that a higher amount of equity allocated towards a financing changes the risk profile for the lender and can therefore make a significant difference in available interest rate conditions. Finding the right savings amount that fits your overall abilities and preferences will require to match the available assets on the borrower’s side to the prevalent requirements and conditions for a financing from a pool of lenders. 

  • How can I start the process of property buying in Germany and what are the steps?

    A good start is to first assess what mortgage you can afford based on your current income and savings. With these two inputs, your mortgage can be calculated and your property budget can be realistically defined. Knowing your budget before you start your property search will save  time as you will be able to make a realistic offer in a competitive market and you will not have a mortgage that is too high of a burden for your financial health. During your property search, you will have to then review financing offers, evaluate the property in terms of existing risks and finalize with a notary.

  • What role does my mortgage broker have and what are the involved costs of obtaining a mortgage?

    Your financing advisor is also your sparring partner along your real estate buying process. You should coordinate together early on, ideally before you begin your property search, so your financing needs and property budget can be determined. The service of creating your ideal financing concept, providing you with financing offers, filing the mortgage application and finalizing the mortgage comes at no cost to you, because the mortgage broker assumes a high amount of work from the lender, so the bank only focuses on providing the loan product without advisory services. To get a free initial estimate, click the contact us button here and get the mortgage process started.

  • What can be done prior to finding a house if you want to close a deal quickly?

    While your mortgage broker reviews your current income and equity numbers, she will be able to provide you with a pre-approved, non-binding mortgage confirmation. With this document, you can enter into negotiations for closing a transaction in a competitive real estate market, however the final and mortgage approval can only be made once the property in question is known and can be included in the process.

  • What are the main decisions I need to make to find the mortgage that best fits my needs?

    Apart from the two main inputs – net income and available equity – you also need to develop a view on the current market and on how much security you prefer along with any flexibility you want to ensure during your mortgage commitment to a lender. This is relevant, because interest rates in Germany are usually set for a fixed period of time (10 year fixed rate being the most common). You can also secure today’s interest rate for a longer period of time, for example for 15, 20 or even 30 years. Longer durations come with interest rate premiums, so here the feasibility with your income always needs to be kept in mind. Your mortgage advisor will be your sparringspartner along the process. For more detailed information, visit our blogpost on mortgage financing.

  • How much savings should I at least have on hand before getting the mortgage process started?

    The side costs or processing fees of a property purchase are standardized in Germany and consist of the purchasing tax (Grunderwerbssteuer), the notary and register fees (Grundbuch- und Notargebühren) and in some cases the realtor fee (Maklercourtage). All of these fees will always be calculated a percentage amount of the property purchasing price. When buying in Germany, you should ideally be able to pay the side costs from your savings. Your eligibility for a larger mortgage/loan (100%, 95%, 90% of the property value) then depends on your income and residency situation along with other factors. A solid estimate is to have 20% of equity/savings available for a typical property mortgage.

  • What are the restrictions of getting a mortgage to buy property in Germany?

    For every borrower wanting to obtain a mortgage, two factors for a financing are relevant. The first is the property valuation and the second is the borrower’s personal credit rating. For the property valuation, the asking price for a property needs to correspond to its current market value to allow for sufficient collateral for the lender providing a loan. For the personal credit rating, the given income sources need to be sufficient to cover a monthly mortgage rate and still leave enough breathing room for everyday expenses as well as unexpected costs. Additionally, your age becomes relevant, because your income situation will change once you become a pensioneer which in turn effects the maximum duration of a property loan.

  • What are the restrictions getting a mortgage to buy property as an expat in Germany

    In addition to the restriction that apply to every borrower in Germany, there are some additional factors that become relevant once you are a foreigner who wants to buy a property in Germany. Your current residency status is a decisive factor when determining your eligibility for a mortgage to buy property in Germany. EU citizens can usually expect that the same requirements are applied to their case as would be applicable for a German citizen (e.g. up to 100% of the property value). With a permanent residency, you will significantly increase your chances for a higher available loan amount. As a blue card holder or with a dependant visa there are fewer options available, so it can be recommendable to wait until you receive the right status option which is usually linked to the time you have spent in Germany. For more information, check out our blogpost on your residency status.

  • Difference between getting a mortgage to buy an existing vs. a newly built property.

    Newly builts and existing buildings have both benefits and downsides. As most properties are existing buildings you will have a larger pool to choose from, while more risks need to be evaluated than with a new property. You might want to include modernisation measures in an existing property for which you will be eligible to include one or more subsidizes modernisation loan in your overall financing concept. For newly built properties on the other hand the price will be higher as you the standard is state of the art. On the financing side, you also have a different payout schedule for a newly built, as it may take month until you can move in. You will also have to consider flexibility options in your mortgage contract, when you sign a mortgage many months before your property is ready to be taken into possession. Your mortgage advisor will be able to provide you with further details. If you want to learn more, get the process started with finbird digital.

  • What options are available for a mortgage/financing to optimize my interest rate?

    As there are a number of products available for financing different types of property transactions it is possible to create a mix of financing products that will, in some cases, allow an optimization of the overall interest rate paid for a mortgage in Germany. This is often the case, when subsidized loans are included, for example when one plans modernisation measures for an existing property. In such as case, you will have a main mortgage from your primary lender, who will include a subsidized loan tranche as part of your overall financing concept. Have your mortgage advisor review your individual case and your options here.

  • How can we know whether an asked property price is the market value and will be financed in Germany?

    When reviewing your mortgage application, a lender will always need to evaluate not only your personal eligibility for a mortgage but also if the property in question is par to market value. Lenders use a specific database for property valuations that tracks a large number of properties and their respective market valuations. As your mortgage advisor also has access to this database, she will be able to benchmark an asking price received from a property seller or realtor and if price is feasible to ist market valuation. As a bank will use a more conservative your mortgage advisor can provide a probability if a financing will be possible or if you need to increase your savings portion. To get the process started, click on the contact us button here.