€2,684
Germany · Mortgage
What owning this actually costs each month
Annuity loan. Purchase costs (transfer tax, notary, land registry, often an agent) are a large share of the price — they are not a footnote.
Example with the default inputs. Change any field to recalculate.
Estimated owner cost: €2,684 a month
That is 44.7% of gross monthly income. This is a calculation, not a lender assessment or a recommendation.
€0
€119,700
Day-one cash breakdown
| Deposit | €84,000 |
| Real estate transfer tax, North Rhine-Westphalia (6.5%) | €27,300 |
| Notary and land registry (approx. 2%) | €8,400 |
OwnerCost sheet
Germany · https://ownercost.com/de/mortgage/
Price €420,000 · down €84,000 · 3.6% · 15 years
Owner cost €2,684 (P&I €2,419)
Extra €0/mo · paid off in 15.0 years · interest saved €0
Cash to close €119,700
Registry OC-MTG 2.1.0. Planning estimate, not an offer of credit.
What this includes
A 15-year annuity loan is the default. Enter the bank's nominal rate (Sollzins); the monthly rate is the nominal rate ÷ 12. Building charges (Hausgeld) are the monthly charges for the building.
How we calculate
Monthly rate = quoted nominal annual rate ÷ 12. Payment = P·i / (1 − (1 + i)^−n) over n months. (Enter the bank's nominal rate, the Sollzins.) Owner cost = annuity + insurance + building charges (Hausgeld). Cash to close = deposit + real estate transfer tax (Grunderwerbsteuer) for your state + about 2% for notary and land registry. The 10-year cash comparison uses two OwnerCost assumptions — a 10-year period and rent rising 3% a year — and counts cash paid on the regular schedule only (the extra-principal input is not included); it is not a buy-or-rent recommendation. Principal and interest are counted only until the loan is repaid (at most 120 months), so a term shorter than 10 years adds no payments after payoff; insurance, property tax and building or owners' fees continue for all 120 months; mortgage insurance stops when its own rule ends it and never after the loan does.
Official sources
- Baden-Württemberg 5.0% — Baden-Württemberg tax offices — real estate transfer tax
- Bavaria 3.5% — Bavarian State Tax Office — real estate transfer tax FAQ
- Berlin 6.0% — Berlin Senate Department for Finance — real estate transfer tax FAQ (since 1 Jan 2014)
- Brandenburg 6.5% — Brandenburg tax offices — real estate transfer tax (since 1 Jul 2015)
- Bremen 5.5% — Bremen service portal — real estate transfer tax (since 1 Jul 2025)
- Hamburg 5.5% — City of Hamburg — real estate transfer tax: information and responsible office
- Hesse 6.0% — Hesse State Parliament, printed paper 20/8232 — answer of the Minister of Finance (since Aug 2014)
- Mecklenburg-Western Pomerania 6.0% — Mecklenburg-Western Pomerania tax portal — real estate transfer tax
- Lower Saxony 5.0% — Lower Saxony State Tax Office — FAQ (since 1 Jan 2014)
- North Rhine-Westphalia 6.5% — North Rhine-Westphalia tax offices — real estate transfer tax (since 1 Jan 2015)
- Rhineland-Palatinate 5.0% — Rhineland-Palatinate Ministry of Finance — questions and answers (since 1 Mar 2012)
- Saarland 6.5% — Saarland service portal — real estate transfer tax (since 1 Jan 2015)
- Saxony 5.5% — Saxony Real Estate Transfer Tax Rate Act, § 1 (since 1 Jan 2023)
- Saxony-Anhalt 5.0% — Saxony-Anhalt State Statistical Office — press release 209/2023 (2023)
- Schleswig-Holstein 6.5% — Schleswig-Holstein Real Estate Transfer Tax Rate Act, § 1 (since 1 Jan 2014)
- Thuringia 5.0% — Thuringia Real Estate Transfer Tax Rate Act, § 1 (since 1 Jan 2024)
Rules checked against these sources on 24–25 September 2026.