Calculate your mortgage to buy your dream house in Luxembourg!
Find out in 30 seconds how much can you borrow for your real estate project in Luxembourg
Simulate my mortgage
Try out our mortgage simulator!
We want to help you figure out your borrowing capacity to make the process of buying a home in Luxembourg easier for you
Why carry out a real estate loan simulation?
You have decided to buy a property in Luxembourg, but you don’t know where to start? First, find out your borrowing capacity. This is the amount of money the bank will be willing to lend you. It is important to know this so you can make an offer for a property that you are sure you will be able to buy. But off course this comes with many other questions: How much are the admin costs of buying? What is the interest rate? What will be your monthly payment? Our home loan simulator helps you answer all this questions!
Simulate my mortgage
Our loan calculator will help you better understand the process and costs of buying your new house
How do you calculate borrowing capacity?
This mortgage simulator is a guide only, and gives you an estimate of how much you could borrow and what would be the costs related to the mortgage, based on the income and expenses you entered. In order to provide you with an estimation of your borrowing capacity we consider a debt to income ratio of 40% to 45%.
In addition to the property price you would need to pay the acquisition costs which we have added in our simulator. These normally include the registration fee, the bank fee, the mortgage fee and the notary fee. In case of a real estate purchase in the Luxembourg for your main residence, you can benefit from a tax credit of up to 40,000 euros per head on the registration fee. In the case of a off-plan investment intended for rental, this amount is 20,000 euros per purchaser.
Generally the down payment required when you are buying for the fist time should cover the acquisition fees plus 0 to 10% of the property value depending on the bank. When you are buying for the second time your down payment should cover the acquisition fees and 10% of the property value. Finally, if you are buying as an investor your down payment should cover at least the acquisition fees and 20% of the property value.
The tax savings are calculated based on a maximum deductible amount per year per person equal to 4,000 euros for the first 5 years, 3,000 for the following 5 years and 2,000 for the rest of the duration of the loan. If you would like to get advice on the tax savings you can obtain contact taxx.lu
Last, since interest rates change constantly depending on the local and worldwide economic conditions, the one used in our simulator is indicative and varies according to the duration of the loan. Reach out to one of our experts at any time to get to know what interest rate would apply to your specific case.
Do your simulation and talk to a broker
You have done your simulation and you have gotten an idea of you borrowing capacity and monthly mortgage costs? Perfect! Now is time to confirm this information with a broker and get your Finance Check. You can use the Finance Check to show agencies that atHome Finance has already verified your profile.
Talk to a broker
We're here to make life easier
We make sure that all our customers have a clear view of the process and requirements for buying their dream home. We accompany them at every step of the process, help them calculate their borrowing capacity, prepare their mortgage application file, send it to different banks and compare all the possible mortgage solutions. As experts in this field, we like to make sure that all our customer's doubts are answered and that they receive the best advice. Let’s make your dream house come true!
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