A home that suits you and your budget
Start your real estate purchase journey with clarity: our online home affordability calculator provides a reliable estimate of the purchase price within your financial reach. This calculation serves as a solid foundation for your property search and for informed discussions with the financing experts at Engel & Völkers Finance.
Determine your real estate budget now
Our free home affordability calculator offers you a quick and helpful first indication of the purchase price you may be able to afford. Simply enter your available equity and monthly income, and the calculator will instantly estimate the maximum purchase price possible in your city — giving you clarity and confidence as you take the first steps toward your new home.
35 %
This calculation assumes a 3.4 % interest rate and a 30-year loan term.
Please note: This calculation serves as a preliminary estimate based on the information provided and does not constitute a binding offer. The maximum budget displayed is purely indicative and reflects only the data entered. We do not accept liability for the accuracy or completeness of the calculation results.
Successful financing begins with a realistic understanding of your budget, financial possibilities, and a thorough comparison of suitable options. This ensures that your monthly installments remain manageable over the long term. The experts at Engel & Völkers Finance are here to support you with personalized advice and proven expertise—working closely with you to find a financing solution that truly fits your needs. Schedule a non-binding consultation today.
Clearly explained
This is the highest property purchase price recommended based on the information you provided about your monthly income and available equity.
These include expenses such as property transfer tax, notary and land registry fees, and, if applicable, agent commissions. They are not included in the property’s purchase price and are typically calculated as a percentage of the purchase price. The exact percentage varies depending on the federal state.
Your equity is the portion of the property purchase you finance with your own funds – no loans, no interest. The exact amount you’ll need depends on several factors, such as the property’s purchase price, your personal finances, and your lender’s requirements.
As a smart guideline, plan to contribute at least 10–20% of the purchase price from your own savings. The more you invest upfront, the less you’ll need to borrow – and the better your chances of securing attractive mortgage terms.
This is the sum you need to borrow from the bank to finance the property. It is calculated as the purchase price minus your equity plus the additional purchase costs (see total budget).
The financing requirement consists of the property’s purchase price plus the additional purchase costs. These costs include, for example, property transfer tax, notary and land registry fees, and, if applicable, agent commissions. The total of these amounts represents the full sum you need to finance for the property purchase.
This is the amount you pay to the bank each month (interest plus principal repayment). The payment should comfortably fit within your monthly household budget.
This value indicates the percentage of your monthly net income that goes toward your loan payment. Ratios below 30–35% are generally considered affordable. The experts at Engel & Völkers Finance are here to help you find the right financing solution for your property.
We are here for you
Engel & Völkers Finance Germany GmbH
License partner of Engel & Völkers Residential GmbH
Vancouverstraße 2a, 20457 Hamburg
