Euribor Mortgage Calculator
See what a Euribor-linked mortgage costs each month — and, more usefully, what it would cost if Euribor moved. Set your loan below and every figure updates as you go.
Your monthly payment
€1,012.87per month
Euribor 3M 2.61% + 1.00% margin = 3.61%
Your loan
The fixed percentage your bank adds on top of Euribor. It is written into your mortgage contract and does not change.
Over the whole loan
- Amount borrowed
- €200,000
- Interest
- €103,861
- Total repaid
- €303,861
- Loan €200,000
- Interest €103,861 (34%)
If Euribor changes
A variable mortgage is repriced at every reset, so the payment above is only today’s. This is what each Euribor level would cost you.
| Euribor | Your rate | Monthly | vs today |
|---|---|---|---|
| 1.61% | 2.61% | €908.15 | −€105 |
| 2.11% | 3.11% | €959.70 | −€53 |
| 2.61%today | 3.61% | €1,012.87 | — |
| 3.11% | 4.11% | €1,067.64 | +€55 |
| 3.61% | 4.61% | €1,123.96 | +€111 |
| 4.61% | 5.61% | €1,241.11 | +€228 |
| 5.61% | 6.61% | €1,363.94 | +€351 |
How the debt falls
Early payments are mostly interest, so the balance drops slowly at first and then faster.
Understanding Euribor and Your Mortgage
Euribor rates directly impact millions of variable-rate mortgages across Europe. Understanding how these rates affect your payments can help you make informed financial decisions.
What is Euribor?
Euribor (Euro Interbank Offered Rate) is a benchmark interest rate at which Eurozone banks lend funds to one another. It's calculated for five different terms: 1 week, 1 month, 3 months, 6 months, and 12 months. Most variable-rate mortgages are tied to the 3-month, 6-month, or 12-month Euribor rates, plus a fixed margin set by your bank.
How Euribor Affects Your Mortgage
When Euribor rates increase, the interest on your variable-rate mortgage rises, resulting in higher monthly payments. Conversely, when Euribor rates fall, your monthly payments decrease. The frequency at which your mortgage rate adjusts depends on which Euribor term it's tied to – a mortgage linked to 12-month Euribor will typically update once per year, while one linked to 3-month Euribor updates four times annually.
Using This Calculator
This calculator helps you understand how current or potential future Euribor rates might affect your mortgage payments:
- Set the amount and the number of years.
- Enter your bank’s margin — it is in your mortgage contract, next to the Euribor it references.
- Pick the Euribor your rate resets to.
- Read the scenario table to see what a rate rise would do to the payment.
Simulating Future Rate Changes
While no one can predict future interest rates with certainty, simulating potential rate changes can help you prepare for various scenarios. If you're considering a new mortgage or refinancing, try calculating payments at different interest rates to understand how your budget might be affected by rate fluctuations.
Frequently Asked Questions
What is a Euribor mortgage?
A Euribor mortgage is a variable-rate mortgage where the interest rate consists of two parts: the Euribor rate (which changes over time) plus a fixed margin set by your bank. The Euribor portion adjusts periodically—typically every 3, 6, or 12 months, depending on which Euribor term your mortgage is tied to.
How often does my Euribor mortgage rate change?
The frequency of rate changes depends on which Euribor term your mortgage is tied to. If linked to 12-month Euribor, your rate typically adjusts once per year. For 6-month Euribor, it changes every six months, and for 3-month Euribor, it updates quarterly. Check your mortgage contract for the specific terms.
What happens to my mortgage if Euribor rates increase?
When Euribor rates increase, the interest rate on your mortgage will also increase at the next adjustment date. This results in higher monthly payments. You can use this calculator to simulate how different Euribor rates would affect your payment amount.
Is it possible to switch from a variable Euribor mortgage to a fixed rate?
Yes, many banks offer the option to switch from a variable Euribor-based mortgage to a fixed-rate mortgage. This process is called refinancing or novation. It typically involves negotiating new terms with your bank and may include fees. Contact your bank to discuss your specific options.
What is the bank margin in a Euribor mortgage?
The bank margin is the fixed percentage that your bank adds to the Euribor rate to determine your total interest rate. For example, if your mortgage is based on 12-month Euribor + 1.5% margin, and the Euribor rate is 3%, your total interest rate would be 4.5%. The margin is set when you sign your mortgage and usually remains unchanged for the life of the loan.
How accurate is this mortgage calculator?
This calculator provides estimates based on the information you enter and the current Euribor rates. While it uses standard mortgage calculation formulas, your actual mortgage terms may vary based on additional factors like insurance requirements, taxes, or specific conditions from your bank. For precise information, always refer to your mortgage contract or consult with your bank.