Repayment Calculator

What is a repayment calculator useful for?

A repayment calculator is essential for anyone looking to optimize their property financing. Imagine being able to easily calculate:

• your monthly installments,
• the total cost of your property financing, and
• the duration of your repayment.

With our JustHome repayment calculator, you can maintain a clear financial overview of your dream home and strategically plan how to pay off your mortgage faster. This tool is especially helpful for comparing different loan options, allowing you to make an informed decision tailored to your financial situation!

What should be considered when calculating property financing?

Many homebuyers primarily focus on the interest rate and the monthly payment when deciding on a financing option. While these are undoubtedly crucial factors, it’s important to remember that the interest rate is typically not fixed for the entire loan term.

For example, if you take out a loan of €250,000 with a term of 15 years, an interest rate of 4%, and an initial repayment rate of 2%, you would still have an outstanding debt of approximately €147,000 after 15 years. This remaining debt will need to be refinanced.

It is therefore wise to think ahead about the effects of follow-up financing. Of course, no one can predict whether interest rates will be higher or lower 15 years from now. However, it’s still worth considering the potential impact of significantly higher rates in the future. After all, there was a time when 6% interest rates were considered normal.

The JustHome repayment calculator makes it quick and easy to simulate these scenarios. You can also evaluate the impact of additional repayment options, such as increasing your repayment rate by 0.5% at the start.

What is a special repayment, and what impact do one-time payments have?

Having a low outstanding balance when the fixed interest rate period ends is certainly advantageous. When you take out a loan, your contract specifies the initial monthly repayment rate. This rate is usually fixed for the term of the agreement but can often be adjusted 1-2 times for free with some banks.

However, the more exciting option is the so-called special repayment. This allows you to flexibly repay up to 5% of the loan amount each year in addition to your regular payments. The key advantage: it’s optional. You can choose whether or not to take advantage of this feature.

You can also use our repayment calculator to simulate the effects of special repayments, either as fixed annual contributions or as one-time payments.