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Calculate mortgage rates in Germany

I want to purchase a property for
€ 340,000
in Erfurt without real estate commission with total savings of
€ 50,000
and an annual principal repayment of
2 %
. This implies a loan of € 320,000 and a Loan-to-Value of 94% .
Interest rate Monthly rate
5 year
Fixed Interest Period
0.58% € 688
10 year
Fixed Interest Period
0.78% € 741
15 year
Fixed Interest Period
1.17% € 845
20 year
Fixed Interest Period
1.60% € 960
25 year
Fixed Interest Period
1.63% € 968
30 year
Fixed Interest Period
1.67% € 979

Rates updated daily (Last updated on July 16, 2019)

Buying a property in Erfurt

Purchase fees in Erfurt

Whether you are buying a property as a primary residence, second home or investment property, every state in Germany has their own singular purchase fees.

These fees are composed of the notary fee, real estate commission, and property transfer tax.

When buying a property in Erfurt the notary fee is 2% of the property price, an amount that remains constant throughout Germany.

The use of a real estate agent to acquire a property in Erfurt adds a commission of 7,14% to the purchase fees, where 3,57% is paid by the buyer and 3,57% of the commission is covered by the seller. However, in certain cases, depending on the size of the property price, this amount can be negotiated. Newly built projects, or properties bought directly from a distributor are typically commission-free.

Finally, the property transfer tax amounts to 6,50%. Given a property price of € 400,000, the purchase fees in Erfurt are either , or , depending on whether you use a real estate agent when you purchase your property.

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