Mortgage Simulator

Our mortgage calculator is a convenient way to estimate your monthly mortgage repayments. This tool allows you to quickly and easily simulate your monthly mortgage repayments based on the price of your chosen property, your deposit, the term of the loan and the nominal interest rate.

Mortgage Simulator

Loan Amount

500 000 €

Down payment

50 000 €

Nominal interest rate

3.50 %

Monthly Instalment *


* Please note that our simulation is an estimate only and does not constitute a finance offer. However, it can give you an idea of your monthly repayments and help you make an informed decision about your finance project.

Exploring your mortgage payments with Albalux Crédit's Calculator

Estimating your monthly mortgage payment is a crucial step in the home-buying process, and Albalux Crédit's mortgage calculator simplifies this task by considering various factors. Your mortgage payment comprises principal and interest, down payment, and loan term, allowing you to assess different home loan scenarios and their impact on your budget.

Determining your affordable home price

A prudent guideline when purchasing a home is to aim for a house payment that is less than 30% of your gross monthly income. This allocation should encompass mortgage interest, property taxes, and maintenance costs. Exceeding this percentage may have financial consequences, limiting your capacity to save or handle unexpected expenses.

Strategies for reducing your mortgage payment

If the home of your dreams seems financially out of reach, there are several strategies to consider for lowering your monthly mortgage payment. While our mortgage calculator allows you to experiment with different scenarios, here are some actionable steps:

Enhance your credit score
A better credit score can lead to more favorable mortgage terms and lower interest rates.
Increase your down payment
Aim to put down at least 20% of the home's purchase price, or as much as your budget allows, to reduce your loan amount.
Choose a longer-term mortgage
Opting for a 30-year mortgage instead of a 15-year loan can significantly decrease your monthly payment, providing more flexibility.
Secure a lower interest rate
Collaborate with a mortgage broker to explore options for obtaining a lower interest rate, which can translate to substantial savings over the life of your loan.
Explore Government Assistance Programs
Investigate government programs designed to assist homeowners in reducing mortgage payments. Depending on your situation, you may qualify for specific programs that provide financial relief.

By incorporating these strategies and leveraging Albalux Crédit's mortgage calculator, you can make well-informed decisions regarding your home loan, ensuring it aligns seamlessly with your financial objectives and fosters long-term financial stability. Should you desire professional advice from Albalux Crédit, feel free to schedule an appointment to explore all potential opportunities, allowing you to secure the most favorable financing conditions for your upcoming housing acquisition.