Mortgage Calculator for the Netherlands  - (2024)

Mortgage Calculator for the Netherlands

Are you looking to buy a house in the Netherlands, but unsure about the mortgage process? Our mortgage calculator for the Netherlands can help you determine your mortgage capabilities and interest rates for a home loan in the Netherlands.

Procuring a home and securing a mortgage in the Netherlands may prove to be challenging, but our team of proficient specialists are available to provide assistance throughout the entire process.

Don't let the mortgage process discourage you. Use our mortgage calculator to determine the your potential mortgage, along with gaining insight into the mortgage interest rates currently applicable in the Netherlands.

Expat mortgages

Are you an expat considering buying property in the Netherlands? It is possible to purchase a home and securing a mortgage in the Netherlands, regardless of your citizenship. It's important to be aware of the requirements though. Our expat mortgage calculator can help you determine your mortgage capabilities and interest rates for a home loan in the Netherlands.

As an expat, you may face additional challenges in getting a mortgage, particularly if you are new to your job or self-employed. Banks have different requirements, but these are some general conditions:

  • Lived in the Netherlands for at least six months
  • Valid passport
  • Citizen service number (BSN)
  • (Permanent) employment in the Netherlands
  • Statement from your employer (employer's declaration)
  • Proof of income
  • If you’re self-employed: at least three years of income tax returns and accounts

How much mortgage can I get in the Netherlands?

As an expat in the Netherlands, determining your mortgage capabilities may be a top concern. The amount you can borrow depends on your income, the property value, and the type of home loan you choose. Banks typically allow 30% of monthly income for living costs. Use our expat mortgage calculator to determine your mortgage options and how much you can borrow.

Mortgage Calculator for the Netherlands (1)

Tip: When calculating your mortgage capabilities as an expat in the Netherlands, banks consider your gross annual salary including holiday allowance, thirteenth month, and potential set allowances and bonuses. Your partner's income may also contribute to your mortgage.

Banks check credit scores, BKR, and past credit history in other countries. The expat mortgage interest rate affects the maximum mortgage amount. Lower interest rates lead to a higher maximum mortgage. Choosing a shorter rate fixation period may limit your maximum mortgage.

Comparing banks and mortgage lenders

When you are considering buying a house in the Netherlands it is important to gather some information first. Firstly you would want to know your maximum mortgage. It is also useful to find out the state of the housing market and what the current home loan interest rates are. These rates can change from day to day.

Aside from the rates, the conditions of a mortgage also vary depending on the mortgage supplier you choose. You are able to request a comparison between several banks and mortgage lenders. These are made by an independent mortgage advisor without any obligations. This mortgage advisor has insights into the different possibilities at for instance Rabobank, ING, Argenta, and ABN AMRO.

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. On the top of this page, you can use our mortgage calculator to calculate your monthly payments and maximum mortgage.

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

Home loan interest rates in the Netherlands

If you have a mortgage in the Netherlands, the interest you pay on your home loan can be tax deductible. Nevertheless, there are specific requirements that need to be fulfilled to reap the benefits of this tax deduction.

If you own a home, you can deduct the interest from your taxable income in box 1. Additionally, costs associated with purchasing your home, such as valuation fees and notary fees, are also deductible.

The terms and conditions of the mortgage interest deduction:

  • The mortgage is for the home that is your main place of residence. Deducting interest for the purchase of a holiday home is not possible.
  • The mortgage will be repaid within 30 years.
  • When you sell the house and have a surplus value you will have to use this surplus to buy a new home.

Provided the new home is bought within three years of selling the old one. Otherwise, the mortgage interest will not be deductible.

Beware that owning a home is not only profitable when it comes to taxes. Before you deduct the interest from your mortgage a part of the home’s value will also be added to the taxable income. This is known as the imputed income from homeownership. The amount that will be added to your taxable income is the percentage of your home’s value for the purposes of the Dutch Valuation of Immovable Property Act (WOZ-waarde).

The home loan calculator

Would you like to calculate the loan amount you can get? On our website, you will find a mortgage calculator. It gives an indication of the mortgage you can get. To find out more about the conditions and options you can make an appointment with one of our independent mortgage brokers.

For example, if you really want to know the different loans offered or the most attractive interest rates. Want to buy a house? Try our dutch mortgage calculator.

Interested in calculating your maximum mortgage to buy a house in the Netherlands?

Maximum mortgage calculator

Frequently asked questions (FAQ)

Can self-employed individuals obtain a mortgage?Although it can be more difficult to get a mortgage as an expat, it is definitely possible. As long as you can show the history of your basic income for the last two or three years. The longer you have been self-employed, the higher the chances you will get a mortgage.
Can I buy to let with a mortgage?Most basic mortgages are meant for houses you will occupy yourself. This means you can’t just rent out the house for long periods of time. If you plan to purchase a property solely for rental purposes, a buy-to-let mortgage may be suitable.

However, these mortgages typically have higher interest rates than traditional mortgages. Furthermore, you'll have to invest some of your own money, because you can’t finance the entire house with a buy-to-let mortgage.

Mortgage Calculator for the Netherlands    - (2024)
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