Mortgage Calculator — Eurozone
Estimate your monthly mortgage payment in EUR using Eurozone's typical rates, and see the full interest cost. No signup, no account needed.
Local rates & providers
Mortgage rates ≈ 3.5–4.2% p.a. ECB deposit rate ≈ 2.5%. Varies significantly by country.
Reference figures, ~2026. The European Central Bank (ECB) sets the policy rate; your offered rate depends on your profile, deposit and the lender. Verify current rates before deciding.
Worked example
For every €1,000,000 borrowed at 3.60% over 20 years:
- Monthly payment: €5,851
- Total repaid: €1,404,268
- Total interest: €404,268
Scale this to your loan amount — e.g. €3,000,000 costs about 3× these figures. A larger deposit and shorter term cut the interest sharply.
Real Eurozone mortgage rates after the September 2026 ECB hike
The European Central Bank raised its deposit facility rate by 0.25 percentage points to 2.50% on 16 September 2026, its first hike in years, after oil prices climbed above $100 a barrel and pushed inflation expectations higher across the bloc. Mortgage rates across the eurozone are priced off this policy rate plus a bank margin, and new housing-loan rates — tracked monthly in the ECB's own bank interest rate statistics — have moved up in response, with a typical new mortgage across eurozone countries now averaging roughly 3.7%–3.9%, though national markets vary: Irish and French borrowers, for example, have reported some of the sharpest one-month repricing as lenders passed the increase through quickly.
Worked example. On a €250,000 mortgage at 3.8% over 25 years (300 monthly payments): monthly rate r = 0.038 / 12 = 0.0031667. With M = P·r·(1+r)n / ((1+r)n − 1): (1+r)300 ≈ 2.5931, so M = 250,000 × 0.0031667 × 2.5931 / (2.5931 − 1) ≈ 2,053 / 1.5931 ≈ €1,289 per month. Because the ECB's policy rate can move again at future meetings, this figure will shift for anyone taking a variable-rate mortgage or refixing after a short fixed period, which remains common in several eurozone countries.
Frequently Asked Questions
How is the mortgage payment calculated in Eurozone?
Lenders use the reducing-balance formula P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan, r the monthly rate and n the number of months. The fin·calc tool applies the same formula with Eurozone's typical rate.
What is the current home loan rate in Eurozone?
As a 2026 reference, typical rates are around 3.6% per year, linked to the European Central Bank (ECB) policy rate. Mortgage rates ≈ 3.5–4.2% p.a. ECB deposit rate ≈ 2.5%. Varies significantly by country.
How much deposit do I need?
A larger down payment lowers both your rate and total interest, and reduces the lender's risk. Most lenders also add valuation, legal and registration costs on top of the deposit.
Can I reduce the total interest?
Yes — a bigger deposit, a shorter term, and extra or early repayments all cut total interest significantly. Use the prepayment option in the calculator to see your exact saving.
Why did eurozone mortgage rates rise in September 2026?
The European Central Bank raised its deposit facility rate by 0.25 percentage points to 2.50% on 16 September 2026, responding to inflation pressure after oil prices rose above $100 a barrel. Banks across the eurozone generally pass ECB rate changes through to new mortgage pricing within weeks.
Do all eurozone countries have the same mortgage rate?
No. While the ECB sets a single policy rate for the whole eurozone, national mortgage markets price differently depending on local bank competition, typical loan terms (fixed vs variable), and government housing-support programs, so average new mortgage rates can vary by roughly a percentage point or more between countries like Germany, France, Ireland, and Italy.
Should I choose a fixed or variable mortgage rate in the eurozone right now?
With the ECB signaling it may hike further if inflation stays elevated, borrowers who prioritize payment certainty have generally leaned toward fixing for at least a few years, while those betting rates will fall again once the oil-driven inflation spike passes have stuck with variable or short-fixed products. This is a trade-off specific to your risk tolerance and loan term, not a one-size-fits-all answer.
Why did eurozone mortgage rates rise in September 2026?
The European Central Bank raised its deposit facility rate by 0.25 percentage points to 2.50% on 16 September 2026, responding to inflation pressure after oil prices rose above $100 a barrel. Banks across the eurozone generally pass ECB rate changes through to new mortgage pricing within weeks.
Do all eurozone countries have the same mortgage rate?
No. While the ECB sets a single policy rate for the whole eurozone, national mortgage markets price differently depending on local bank competition, typical loan terms (fixed vs variable), and government housing-support programs, so average new mortgage rates can vary by roughly a percentage point or more between countries like Germany, France, Ireland, and Italy.
Should I choose a fixed or variable mortgage rate in the eurozone right now?
With the ECB signaling it may hike further if inflation stays elevated, borrowers who prioritize payment certainty have generally leaned toward fixing for at least a few years, while those betting rates will fall again once the oil-driven inflation spike passes have stuck with variable or short-fixed products. This is a trade-off specific to your risk tolerance and loan term, not a one-size-fits-all answer.