Estonia mortgage calculator
A mortgage payment depends on three things: the amount, the interest rate and the term. The calculator uses the annuity schedule Estonian banks offer by default — the payment stays the same each month.
- Loan amount
- €170,000
- Down payment
- €30,000
- Total interest
- €140,091
What is an annuity schedule and how does it differ from equal principal?
With an annuity schedule the payment stays constant: interest dominates early, principal later. With equal-principal payments the instalment shrinks every month — you pay more at first but less interest overall. Estonian banks default to the annuity because a level payment is easier to budget.
How does Euribor affect the mortgage payment?
Estonian mortgages mostly float: the rate is 6-month Euribor plus the bank's margin. Euribor resets every six months, so a change reaches your payment at the next reset. You can gauge the effect here by re-running the same loan at a different rate.
How large does the down payment need to be?
Banks typically ask for at least 15% of the property price; a KredEx guarantee can lower that. The exact requirement depends on the bank, the collateral and your finances. A larger down payment means a smaller loan, a smaller monthly payment and less interest over the term.
What does the total cost of the loan mean?
Total cost is everything you pay over the term: principal plus interest. The calculator shows them separately, because the interest is what the loan actually costs you. Contract fees and insurance are not included — those show up in the bank's APRC figure.
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