Seal of approval Astro Bank installment loan. to the provider. The banks have their own method of calculating the maximum loan amount. He receives various loan offers from different banks, as the credit calculator he uses shows. How much can I afford? Buying a house is a big step.

Properties Budget Calculator

Properties Budget Calculator

In general, it is difficult to estimate how much should be planned for a loan installment, or what percentage is used by a bank or a construction and loan association as the basis for the repayment of the financing. Of course, this also depends on the income level. For example, with a net salary of USD 1,800, the repayment amount is significantly lower than a salary of USD 2,500.

However, the guideline should always be a cushion of at least 30% of the available gross income. It can be used for any interest rate increases or unscheduled repayments.

House purchase computer

House purchase computer

When real estate clients reach retirement age during the financing phase, banks are forced to seek not only current but also expected retirement income. Please enter your expected retirement income here – please also note the company pension plan and the pension payments of the statutory pension insurance. Please do not use a Christmas bonus, no holiday money and no commission.

Please do not mention income from irregular or undeclared work. If you do not want to include this insurance as a reimbursement in the proposed promotion, you should not make any payments in capital insurance here. The minimum requirements for the respective credit institutions are slightly different. The main earner needs USD 750 per month for living, the spouse working abroad USD 325 and for each child or partner at home USD 200.

At the same time, however, no more than 35% of the family income should be spent on financing. In this valuation, we – like the credit institutions – absorb the lower part of the funding amount. Banks always use the larger amount as the issuing value.

If the funding period reaches the retirement age, donors are encouraged to consider your future retirement income as income rather than your current income. The maximum amount of the loan depends on the interest, the monthly installment and the repayment period of the property.

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