Repayment calculator – what should the repayment rate be??

The repayment calculator shows you with which repayment rate you can repay your loan and how quickly. To do this, just enter some key data about your construction financing and see how loan terms might change depending on the combination. The higher the repayment rate, the faster you will repay your loan. And the faster your remaining debt is reduced.

This is how the repayment calculator works

To understand how the repayment calculator works, you should first look at the repayment itself: It provides that you repay a fixed installment at a fixed interest rate every month (or every three, six or twelve months). This means that over the years, the share of the actual redemption in this rate increases. The smaller the sum to be repaid, the more the sum of interest is reduced – even if the interest rate remains the same. You can use the calculator to try out several variants: If different lending institutions have offered you different interest rates?

Enter the loan amount and the respective interest rate, the desired amount of the fixed-interest period and the planned amount of the initial repayment. Here's how to see how the term changes with different interest rates. The same is true if you change the amount of repayment when the interest rate is fixed. As a result, you will see your complete repayment schedule including the respective remaining debt. Further calculation options for your real estate loan are also offered by our financing calculator.

A woman using a repayment calculator on a computer

Fixed interest rate plays an important role

As long as the fixed interest rate lasts, the repayment calculator can calculate for you how long you can expect to need to repay the loan. However, if the fixed interest rate expires, the interest rates for the follow-up financing may be significantly higher. This means that the share of interest in the constant installments increases again.

Nevertheless, this does not mean that the longest possible fixed-interest period is the best option: the longer the fixed-interest period, the higher the interest rate will normally be. So again, it makes sense to try several options with the repayment calculator.

Tip: The best way to calculate the amount of real estate transfer tax you'll have to pay is to use our free calculator – quick and easy.

Unscheduled repayments can shorten the term

Not all lenders allow unscheduled repayments. However, these can ensure that you repay your loan earlier overall: For example, if you get a salary increase or a large tax refund during the fixed-rate period, you can consider – depending on the contract – increasing the installments a bit or making a one-time special payment. Both variants have a direct impact on the remaining debt and thus on the term.

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