Monthly mortgage cost

When you own a home, there are many costs to consider. It’s important to have a clear understanding of your mortgage’s monthly payments, as they affect both your monthly budget and long-term financial health.

If you want to estimate your monthly mortgage payments in advance, you can use the calculator available on our page. This tool is designed to provide you with a quick and easy estimate, helping you plan your finances better.

Understanding your monthly mortgage costs

Monthly mortgage costs refer to the total amount you pay each month for your home loan. If you have an annuity or linear mortgage, these costs include two key elements: interest and principal repayment. Interest is the charge for borrowing the loan amount, which you pay to the lender. Principal repayment is the portion of the loan amount you pay back each month, gradually reducing your overall debt until it is fully repaid.

The specific amount of your monthly mortgage costs depends on various factors, including your income and the duration for which your interest rate is fixed.

Monthly payments with an interest-only mortgage

With an interest-only mortgage, your monthly payments consist solely of the interest on the loan. This type of mortgage does not require you to make principal repayments during the loan term. As a result, the entire loan amount remains outstanding at the end of the term and must be repaid in full at that time.

Extra repayment within the penalty-free allowance

Do you have an interest-only mortgage and want to reduce your monthly payments (or decrease your remaining debt at the end of the term)? In this case, you can choose to make interim repayments. You will then encounter the 'penalty-free allowance'. This is the amount you can repay annually without incurring a penalty. Many mortgage lenders set a limit on the amount you can repay each year without penalty. This usually varies between 10% and 20% of the original principal amount of the mortgage.

Calculating your monthly mortgage costs

Your monthly payments are determined by the interest rate, mortgage type, term, and property value. You can easily calculate your monthly payments with our free calculator tool.

Reviews from our customers

Every day, we strive for 5-star service, as this is the minimum for us. That’s why we are so proud of the feedback we receive from our customers:

5/5 based on 194 reviews

We had a great experience throughout our mortgage process. Toni was very helpful and professional during the initial intake, while Luc provided excellent guidance and support throughout the rest of the process. Both were friendly, knowledgeable, and responsive, making everything clear, easy, and smooth. Thank you both for your excellent service! Highly recommended!

Oussama Beltaif

08-11-2026

Bart was the first financial advisor we contacted on a friend’s recommendation, and right after our initial orientation, we knew we didn't need to look any further. Now that we have successfully purchased our first home, we can’t thank Bart enough for the huge role he played in making it happen. As first-time buyers, the process can feel overwhelming, but Bart was a true professional from start to finish. He explained every single step with great clarity, evaluated our documents promptly, and patiently answered our endless stream of questions. His proactive support during the bidding phase also made a massive difference. Bottom line, he possess excellent knowledge about his work. A sincere thank you to Bart, we couldn't have asked for a better advisor and wholeheartedly recommend him to anyone looking to buy a home!

Neel Kamal Bharadwaj

07-11-2026

Excellent service from start to finish. Friendly, responsive, and always willing to help. All required paperwork was handled on time, and any questions were answered quickly by email. I particularly appreciated the extra effort in checking and assisting with documents beyond the agreed scope. His support made the whole mortgage process clear and stress-free. Highly recommended!

Leyli Alakbarli

26-09-2026

A fantastic service from Toni and the whole team at OHAO. I would strongly recommend them. As first-time buyers, we had a lot of questions and a slightly complex mortgage application, but Toni guided us through the process brilliantly. Everything was communicated clearly and in a timely manner, and he was always quick to respond and happy to explain things. We were recommended OHAO by a colleague who had a great experience with them, and we’re very happy we followed their recommendation. Excellent service from start to finish!

Hasara Dinushika

07-09-2026

Very satisfied with my experience with OHAO. From the very first conversation with Toni van der Flier, everything was explained clearly, and I felt well guided throughout the entire mortgage process. Communication was pleasant and straightforward, questions were answered quickly, and I always knew where things stood. During Toni’s absence, Bart Kooijman took over my case, and that transition also went very smoothly. I’m very happy with the support I received from both Toni and Bart, and I would definitely recommend OHAO to colleagues, friends, and family.

remi autar

31-08-2026

I would like to express my appreciation for the excellent service I received from OHAO during my renovation mortgage application. This was the second time I used OHAO’s advisory services for a mortgage application. The process was quite challenging, and it is difficult to fully describe the complexity of the application in a review. However, thanks to the expertise, dedication, and professionalism of my advisor, Bart, I was able to successfully obtain the mortgage. In fact, the outcome exceeded my expectations. I am extremely grateful for the guidance and support provided throughout the entire process. Millions of thanks to Bart and the OHAO team for the outstanding service and commitment to their customers.

mehdi khamseh

31-07-2026

This is the second time I have used OHAO for my mortgage needs, and once again I had an excellent experience working with Luc. Luc is highly professional, knowledgeable, and genuinely cares about finding the best solution for his clients. Throughout the entire process, he provided clear and honest advice, kept me informed at every step, and was always available via email or call whenever I had questions. His responses were always quick, and he made what can be a complicated process feel straightforward and stress-free. What I appreciate most is that Luc takes the time to explain everything in detail and ensures you fully understand your options before making any decisions. His expertise, reliability, and dedication gave me confidence from start to finish. I would highly recommend Luc and the OHAO team to anyone looking for mortgage advice. Their service is professional, efficient, and customer-focused. I wouldn't hesitate to work with them again in the future.

Malik

01-06-2026

What other monthly costs do you pay for your home?

11. Insurance

When you buy a house, you are required to take out a building insurance. Additionally, home contents insurance is recommended. The premiums depend on the size of your home, the composition of your household, and where you live.

22. Taxes

33. Utilities

44. Home maintenance

55. Monthly contribution

1. Insurance

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