Mortgage Payment Calculator
Estimate your monthly mortgage payment, total interest, and loan-to-value ratio across European markets — and see how overpaying could shorten your term.
Your monthly payment (P+I)
€1,266.81
You'll pay €1,266.81 per month for 25 years. Your loan-to-value ratio is 80.0%. Over the life of the mortgage you'll pay €140,042.53 in interest on top of the €240,000.00 you borrowed.
Balance and interest over time
Year-by-year breakdown
| Year | Payments | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | €15,201.70 | €9,496.15 | €5,705.55 | €234,294.45 |
| 2 | €15,201.70 | €9,263.70 | €5,938.00 | €228,356.45 |
| 3 | €15,201.70 | €9,021.78 | €6,179.92 | €222,176.53 |
| 4 | €15,201.70 | €8,770.00 | €6,431.70 | €215,744.82 |
| 5 | €15,201.70 | €8,507.96 | €6,693.74 | €209,051.08 |
Formula
A standard amortising mortgage uses the same formula as any other fixed-rate loan:
M = P × r(1+r)n / ((1+r)n − 1),
where P is the loan amount (home price minus deposit), r is
the monthly rate (annual rate divided by 12), and n is the term in months.
With a 25- or 30-year term this means early payments are mostly interest and later payments
are mostly principal — the chart above shows the crossover. Optional taxes and insurance are
added directly to the monthly outflow without affecting the schedule.
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Frequently asked questions
Why do EU mortgage rates vary so much between countries?▾
National central-bank policy, banking-sector competitiveness, regulatory frameworks, secondary-market depth, and average credit quality all differ across member states. A mortgage rate that's normal in Germany or the Netherlands may be high in Italy or Spain, or unusually low somewhere with strong state-backed lending. This calculator is region-neutral — enter your local advertised rate.
What's APRC and how does it differ from the rate I enter here?▾
APRC (Annual Percentage Rate of Charge) is the standardised rate under the EU Mortgage Credit Directive. It bundles your interest rate with mandatory fees and any insurance the lender requires you to take out, so two offers can be compared apples-to-apples. The rate this calculator uses is the underlying flat periodic interest rate, applied monthly to the balance. Use the lender's stated APRC as a working figure unless you know the exact periodic rate.
Is there a European equivalent of US PMI?▾
There's no direct equivalent. Some EU lenders require borrower default insurance for high-LTV loans, particularly in France (assurance emprunteur) and a few other markets — but the rules and costs vary widely. Most EU mortgages don't have an automatic PMI-style add-on. Leave the PMI field at 0 unless your specific lender quotes one.
Should I include property tax and insurance in my mortgage payment?▾
It depends on your country and lender. Some EU lenders escrow building insurance into the monthly payment; most leave property taxes (taxe foncière in France, IMI in Portugal, IBI in Spain, etc.) for the borrower to pay annually. The Tax & insurance section is there for users in markets where lenders bundle these costs.
Should I overpay my mortgage?▾
Often yes — overpayments cut principal directly and save compound interest over the term. Under the EU Mortgage Credit Directive you have a statutory right to early repayment, but the lender may charge 'fair and objectively justified' compensation; national implementations vary. Check your agreement before making large overpayments. The 'Extra monthly payment' field above shows the months and interest saved.