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Expat mortgage calculator

Step 1: Situation

Calculate your maximum mortgage as an expat. You will receive the results in your email.

With this calculation we will answer the following questions for you:

  • Wat is your maximum mortgage?
  • Which price category can you afford?
  • What will be the monthly costs?

"Highly recommended. Responds to email and telephone calls quickly. Very professional and everyone I dealt with was very helpful throughout the process."
   Craig

What will you find in the results?

You will receive a detailed result of the mortgage calculation per email with the following information:

Buying your first house/property

  • Startershypotheek (starters mortgage) You could receive up to 20% extra mortgage if you are eligible for a ‘starters mortgage’. (the 'Starterslening' is included here, this is a startersloan distributed by the local municipality).
  • Maximum mortgage (with NHG) The maximum mortgage possibilities you are able to receive with your income. NHG (Nationale Hypotheek Garantie = National Mortgage Guarantee) is a liable financing construction for mortgages which offers protection for your monthly costs and therefore allows you to profit from a mortgage interest deduction.
  • The maximum purchase price (with NHG) The maximum amount you would be able to spend on your new home.
  • Gross monthly costs The gross monthly costs for the maximum mortgage (with NHG).
  • Net monthly costs The net monthly costs for the maximum mortgage (with NHG) are the monthly costs where the mortgage interest already has been deducted.
  • Reference rate The interest rate that is used to calculate your maximum mortgage.

There is a possibility that your maximum mortgage will exceed the NHG limit. This means that you will be able to receive a higher mortgage but will not fall under the protection of the NHG. This will be mentioned separately.

Beware! You are only eligible for a mortgage with NHG when you have the Dutch nationality, you are a EU citizen or you have a permanent residence permit (not temporary). Without the NHG your mortgage interest rate might be slightly higher.

Moving house (you currently have an owner-occupied house and you are looking to buy a new house)

  • Maximum mortgage (with NHG) The maximum mortgage possibilities you are able to receive with your income. NHG (Nationale Hypotheek Garantie = National Mortgage Guarantee) is a liable financing construction for mortgages which offers protection for your monthly costs and therefore allows you to profit from a mortgage interest discount.
  • The maximum purchase price (with NHG) The maximum amount you would be able to spend on your new home.
  • Gross monthly costs The gross monthly costs for the maximum mortgage (with NHG).
  • Net monthly costs The net monthly costs for the maximum mortgage (with NHG) are the monthly costs where the mortgage interest already has been subtracted.
  • Reference rate The interest rate that is used to calculate your maximum mortgage.

There is a possibility that your maximum mortgage will exceed the NHG limit. This means that you will be able to receive a higher mortgage but will not fall under the protection of the NHG. This will be mentioned separately.

Beware! You are only eligible for a mortgage with NHG when you have the Dutch nationality, you are a EU citizen or you have a permanent residence permit (not temporary). Without the NHG your mortgage interest rate might be slightly higher.

Refinancing your mortgage

  • Refinancing rapport An overview of the current mortgage costs in comparison with the new situation. This will take the current low mortgage interest rates.
  • Calculates if the refinancing of your mortgage compensates the possible costs of the refinancing in comparison to your current situation.

Mortgage: what is the best or maximum loan?

Curious how much you are able to borrow? Make an online calculation to find the best mortgage by comparing multiple mortgage lender. Compare all banks and discover the maximum loan you will be eligible for. You will be able to see if you are eligible for buying the home you want.

The maximum mortgage is dependent on multiple factors:

  • Your gross year income (and optionally that of your partner)
  • The market value of the property you want to buy.
  • Your current financial obligations (monthly costs etc).
  • The mortgage interest.

Mortgage lenders are obligated to stick to strict norms when calculation the mortgage. A professional independent mortgage broker will be able to assist you in making a good comparison between all your possibilities.

Beware! Your 30% ruling may impact your loan capacity, the effect depends on the remainder of your 30% ruling and gross annual income.

How much can I borrow?

The amount you will be able to receive depends on your gross income and the value of the property you wish to purchase. On average you are allowed to spend 30% of your monthly spendable earnings on living costs. On that basis the mortgage lender will look at the possibilities with your gross year income.

Tip: the gross year salary includes holiday allowance, thirteenth month and potential set allowances and bonusses. Non-recurring or variable bonusses and extras are unfortunately aren’t included.

Do you have a partner? His or her income will also contribute to your mortgage. This will not be for the full 100% of his or her income, but will still be an interesting addition which can help you obtain a higher mortgage.

All mortgage lenders or banks will use credit scoring methods. They will check the BKR (Bureau Credit Registration) to see if you have any outstanding loans and more importantly, if you have never defaulted on a loan. If you have lived in Germany, Austria, Belgium or Italy, the lender will also do a credit check in that country.

The mortgage interest also has an effect on the maximum amount of your mortgage. Generally, this means that with a lower interest you will get a higher mortgage. Often, the shorter rate fixation period has a lower interest rate. The same goes for a mortgage with NHG, this often leads to a lower interest rate.

Beware! Are you choosing a rate fixation period shorter than 10 years? Most mortgage lenders will calculate your mortgage with a much higher reference rate. This means you will pay a lower mortgage interest but it also means your maximum mortgage is limited.

Comparing banks and mortgage lenders

Without any obligations you are able to request a comparison between several banks and mortgage lenders made by an independent mortgage broker. This mortgage broker has insights in the different possibilities at for instance Rabobank, ING, Argenta and ABN AMBRO. The broker will also compare your options with the SNS Bank and Aegon or other mortgage lenders. When going directly to a bank you will have to pay a fee on top of your mortgage. When using a broker you do not pay a fee for the bank, you only pay a fee for the broker.

Keep in mind that the official deeds must be translated to a language you are fluent in by law. This can incur additional costs.

The mortgage calculator

You are able to calculate your maximum mortgage loan while taking into account the most important norms as set by various mortgage lenders. It is a good general indication of the possibilities, which you could use to see if you are able to afford a certain property. Keep in mind that the end result depends on the offers from the various mortgage lenders. The lender will give you a quotation of the final possibilities.

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