€2,622
Germany · Refinance
When does switching pay back the fees?
Compare the break-even period with how long you expect to keep the new financing. OwnerCost starts with an editable 36-month planning horizon.
Example with the default inputs. Change any field to recalculate.
Break-even in 7.4 months
Break-even occurs 28.6 months before your stated horizon of 36 months. This compares timing only; it does not show whether switching is right for you.
36 months is the editable OwnerCost planning default, not a lender or regulatory threshold. Replace it with how long you expect to keep this financing before selling or switching again.
€2,419
€204
Switching costs in Germany
During a fixed-rate period (Zinsbindung), you can repay a fixed-rate real-estate loan early only if you have a legitimate interest (§ 500(2) BGB), and the lender can claim appropriate compensation for the loss directly linked to the early repayment (Vorfälligkeitsentschädigung, § 502 BGB).
Source: German Civil Code (BGB) § 500 — Early repayment (in German); German Civil Code (BGB) § 502 — Early repayment compensation (in German)
Ten years after the loan was paid out in full, you may terminate a fixed-rate loan with six months' notice (§ 489 BGB). A later agreement on the repayment date or the rate restarts that ten-year period from the date of the agreement.
Source: German Civil Code (BGB) § 489 — Borrower's right to terminate (in German)
Checked against these sources on 24 September 2026.
What this estimate includes
- Current and new payments on today's balance over the same remaining term
- The switching costs you enter (fees, penalties, charges)
- Break-even months = switching costs ÷ monthly payment saving
What it does not include
- Penalties or fees you do not enter — none are calculated for you
- Cash-out or extra borrowing
- Changing the loan term or amortization
- Total interest over the life of either loan
- Your horizon: it only positions break-even in time and never changes the break-even figure
How we calculate
Break-even months = early repayment compensation (Vorfälligkeitsentschädigung) and fees ÷ (current payment − new payment). Monthly rate = quoted nominal annual rate ÷ 12. Payment = P·i / (1 − (1 + i)^−n) over n months.
Rules checked against these sources on 24–25 September 2026.