Mortgage calculator for Germany

As a general rule of thumb, you can multiply your yearly household net income times 10 to get a first idea of your maximum mortgage amount with a German bank. However, keep in mind that this is a rule of thumb and may not suit your specific financial situation. We do offer free financial check-ups to get you started with the right budget in mind. Book an appointment here online.

As an expat or non-resident, you are eligible for all types of mortgages in Germany but you have to meet following criteria

EU Residents:

• - Employment with a German Company: You must have been employed at an German company for atleast 3 months
• - Completion of Probation Period: You should be out of your probation period at your place of employment.

Non-EU Residents:

• - Unlimited Residence Permit: Most Banks require an unlimited residence permit to approve your mortgage.
• - Employment with a German Company: You must have been employed at an German company for atleast 3 months
• - Completion of Probation Period: You should be out of your probation period at your place of employment.

At a minimum, you should plan to contribute at least the transaction costs from your savings. Keep in mind that property transfer tax, notary and real estate agent fees can amount to ~10-12% of the purchase price. 

As long as these transaction costs are covered by you and are not financed by the bank, the likelihood of getting a mortgage approved increases significantly. Every Euro that you invest on top from your savings will decrease the monthly rate and also improve the interest rate. 

The rule of thumb in Germany is to finance only 80-85% of the property purchase price and cover the rest by equity. Feel free to consult our experts free of charge for a first consultation on your real estate financing in Germany.

The time it takes to receive your mortgage approval depends on the bank. Typically, this process can range from as little as three days to up to three weeks. Our Advisors will guide you through the process and are going to inform you about any progress.