How Our French Mortgage Calculator Works
Use our French mortgage calculator to find out how much the payments on a French mortgage might cost you. If you include your e-mail address, the full calculation details will be sent to you by email as a PDF document.
All you need to do is to overwrite the calculator’s sample figures with your own numbers. Remember to use the same format and number of decimal places otherwise you may get a rather strange result!
Important Note: Our French mortgage calculator is for your guidance only. It is not an approval nor does not take into account your personal eligibility for a French loan. To request detailed personal illustration and a decision in principle please complete our online Get a Quote form.
Step 1: Tick the Send a PDF Report
Ticking this and entering your email address will save you having to copy down the information from the screen and you’ll have a copy for reference later. It is optional though.
Step 2: Enter the Property Price
In this field, you should enter the price you will be paying for the property. You should always use the FAI Price as you can normally include the estate agent fees in your mortgage. You should also add the full cost of any Renovation or Improvement works you will need to finance to this price.
Don’t forget, you will not normally be able to include the cost of Notaires Fees in your mortgage. Though you should not include the estimated cost of Notaire’s fees in this field you should ensure that you have sufficient additional funds available. For an accurate estimate of these fees you can use the Official French Notaires Fees Calculator.
Step 3: Enter the Interest Rate
In this field, you should include the estimated interest rate the bank will charge for your loan. The main current rates are shown below.
If you have not yet chosen a Mortgage Product, we suggest you use a rate that will be sufficient to give you a “ball park” estimate of your monthly repayments for budgetary purposes.
Step 4: Enter the Deposit
In this field, you should enter your deposit as a percentage. If you pay tax outside France the minimum deposit is 15%, so you should enter at least 15% . If you are a French taxpayer you may not need to provide a deposit at all.
The actual percentage LTV or Loan to Value ratio the bank can offer will depend on several factors such as:
- The product applied for, check the rates table
- Your country of residence and tax domiciliation
- Your financial profile
- The nature of the property
Step 5: Enter the Term
In this field, you should include the length, in years or months, of your desired loan term.
French banks do not have identical lending rules so we suggest you set the term of between 20 to 25 years, the loan term used by most lenders.
However, most French banks require repayment by the time the main borrower reaches age 75. If your actual age subtracted from 75 gives a figure of less than 20 years, you use this lower figure for the term. (An example – If your age is 60 then 75 minus 60 = 15 in which case you should use 15 years as the term.)
For some clients, we can arrange a term of up to 30 years because we have lenders that will allow a repayment by age 80 provided the borrowers pension arrangements are sufficient.
Step 6: Click the Calculate Button
Click on the calculate button and you’re done.
If you make an error, you can click on the Reset button to clear the form. Depending on your browser you may also need to reload the page or clear the browser cache.