Mortgage Calculator
Compare mortgage loans and calculate loan terms in the Czech Republic with an online Czech Mortgage Calculator from Pexpats. Calculate your monthly installments by filling in your home value, down payment, loan amount, loan term & interest rate. You will also get your annual schedule for mortgage installments.
Mortgage Calculator
Input mortgage details to calculate monthly payments
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FAQs
Online Czech Mortgage Calculator
The Czech National Bank (CNB) does not set any limits on interest fees or installments according to an applicant’s income. There is only one rule. The mortgage must cover a maximum of 90% on the total price of the real estate you want to purchase. Use this online mortgage calculator to compare rates and better understand what you might pay on a Czech home loan.
How to use the calculator
Our calculator will help you better understand & compare the cost of renting versus buying real estate in the Czech Republic. For example, imagine you are considering buying an apartment for CZK 2,500,000. Of this amount, you have CZK 500,000 in savings, and you intend to take out a Czech home loan for the rest.
The amount of the loan will be CZK 2,000,000 at an interest rate of 4% over a term of 20 years. At this point, we can calculate how much you will need to pay in monthly installments on a mortgage loan. We can then compare this with current rental payments, which we will say are CZK 13,000. Let’s calculate:
The loan amount is CZK 2,000,000
Interest rates will be 4%
The repayment period is at 20 years
There are 12 payments per year
Monthly mortgage installments will be CZK 12,119.6 – less than the cost of renting
How much does my income affect my mortgage?
The Czech National Bank holds that an applicant’s debt must not be more than eight times their annual net income. Further, monthly loan repayments must not exceed 40% of the applicant’s monthly net income. From here, the next step is finding the best mortgage rates in the Czech Republic for your individual case.
How do I find a good mortgage?
The higher your creditworthiness, the lower the interest fee on your mortgage. Achieve this by increasing your income, lowering debts, or arranging the mortgage with a co-signer or guarantor. It might take time, but it can be worth it when finding the best mortgage rates in the Czech Republic.
How do I know if my mortgage is fair?
Generally speaking, Czech mortgage rates are likely to be fair if there are no additional insurance or administration fees attached. Feel free to research further, or ask us about Czech mortgage interest rates. We’ll ensure you are getting the best investment mortgage.
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