Estimate your monthly mortgage payments with borrower insurance. Calculate the total cost of your loan in seconds.
Calculating mortgage payments relies on the constant amortization formula. This formula takes into account three main elements: the borrowed amount (principal), the annual interest rate, and the loan duration. With each monthly payment, you repay part of the principal and interest calculated on the remaining balance.
Borrower insurance is mandatory and represents an additional cost. It covers risks of death, disability, or incapacity. Its cost, generally between 0.20% and 0.50% of the borrowed capital per year, varies according to your age, health status, and profession. In our calculator, insurance is calculated on the initial capital ("constant" insurance), which is the most common method.
Since the Lemoine Law (2022), you can switch your borrower insurance at any time, with no fees or notice period. For loans under €200,000 per insured person repaid before age 60, the medical questionnaire is waived. This law also strengthens the right to be forgotten (reduced from 10 to 5 years) for former cancer and hepatitis C patients.
The total loan cost includes the sum of interest paid over the entire loan duration and the total insurance cost. On a €250,000 loan at 3.5% over 20 years with 0.35% insurance, you will repay approximately €364,000 in total, i.e., €114,000 in costs (46% of the principal).
€250,000 loan over 20 years at 3.5% with 0.35% insurance:
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