The mortgage calculator for Expats in the Netherlands

What is a mortgage calculator and how can you use one?

Purchasing a home is a huge financial commitment, and most people need a mortgage in order to make the purchase. Mortgages are not simple, and calculating how much you can borrow and how much your monthly installments will be can be difficult. The good news is that mortgage tools exist to help you figure out how much house you can afford. Click here to try out our mortgage calculator!

If you know how much you want to borrow, your interest rate, and how long you plan to keep the loan, you can use a mortgage calculator to get a rough idea of how much you will have to pay back each month. Your monthly installments will be based on the loan's capital and interest rate. A mortgage calculator can take many shapes, but they all operate on the same principle. You may find that some tools go above and beyond the basics by giving you the choice to factor in things like closing costs and fees.

The Dutch mortgage calculator

In the Netherlands, mortgages come in a variety of forms, each with its own set of criteria and special characteristics. In the Netherlands, annuity/ lineair mortgages are the standard. The principal and interest on an annuity repayment scheme are rolled into a steady monthly payment. You'll need to fill in some details about the mortgage you're thinking about before using a mortgage calculator in the Netherlands. The property's asking price, your down payment, the loan's interest rate, and its length of time in repayment may all factor into this.

The mortgage calculator will then calculate an estimate for your principle and interest installments each month. Homebuyers in the Netherlands can benefit from using such a calculator. By using this tool, you can determine how much you can manage to spend and what your monthly payments might look like. Also, you can see how various financing plans would affect your finances with this tool.

How to use a calculator: some things to think about

Despite their usefulness, mortgage tools should be used with caution because they can only provide approximations. Variations in interest rates, property taxes, and insurance premiums are just some of the variables that could affect monthly obligations. Other variables that can affect your mortgage eligibility should be taken into account when using a mortgage estimator. Your salary, expenses, and debt-to-income relationship could all play a role as well.

Get in touch with Financial Consultancy Holland

Do you have questions about your own financial situation or would you like to get in touch with us? You can do this via our contact form and we will contact you as soon as possible. Looking forward!