How To Use Our European Mortgage Calculator
- First, enter your mortgage amount. This is the amount you plan to borrow to pay for your home.
- You will then need to enter your amortization in years and months. This is the total length of your loan. Keep in mind that interest payments raise significantly for amortization periods of over 25 years.
- Your interest term is next. This is the length of time that terms and conditions will be present on your loan.
- You will next need to enter your interest type, either variable or fixed.
- Next, enter your interest rate. Your bank can provide you with this information if you do not have it on hand.
- You will also need to enter your start date, which is when your loan officially begins and you start making payments.
- The loan tern should also be entered, which is your frequency of payments.
- Finally, press "Calculate Now". You will receive a handy table that tells you your monthly payments, your overall total payments, and the amount of interest you will pay on the loan.
The Importance of Getting the Numbers
All of the calculators you see on our site are completely free for our visitors and are designed to assist you with getting detailed information on mortgages in Europe. Our most popular tools include our Mortgage Comparison Calculator as well as our Interest Only Mortgage Calculator which both provide excellent detail with regards to specific mortgage finance figures. In addition to these calculators, we also offer a number of other European mortgage calculators to help our visitors throughout the entire process. Whether you are a first time home buyer looking for information on interest rates or a seasoned home owner thinking of Re-Financing your mortgage, we have the best European mortgage calculators that are absolutely free!