Start from the property price — the number you actually know — and the calculator handles the rest: subtracts your down payment (entered as a percent or an amount), computes the installment for your rate and term, and shows the loan-to-value ratio banks underwrite against. Written with EUR-indexed housing loans in mind, but the math serves any market.
Fill in the price, down payment, rate and term.
Informational annuity math — not a bank offer, not financial advice. Real mortgages add fees, insurance (EKS) and, for indexed loans, currency risk.
How it works
The loan amount is simply price minus down payment; everything after that is the same annuity mathematics as our loan calculator, running on one shared engine. What makes mortgages different is scale and duration: at 25–30 years, small rate differences compound into five-figure sums, and the interest total becomes comparable to the loan itself.
LTV — the loan as a percentage of the property value — is shown because it drives approval and pricing: Serbian banks typically finance up to 80–90% LTV for housing loans, and lower LTV often unlocks better rates. If your LTV lands above 80%, expect the bank to ask questions or price accordingly.
The bottom line row adds your down payment to everything paid to the bank — the full cost of becoming an owner via this loan, before state fees, agency commissions and notary costs, which vary too much to guess honestly.
Practical examples
A 120,000 flat with 20% down
Down payment 24,000, loan 96,000 at 4.9% for 25 years: installment 555.63, total interest 70,687.48 — the bank receives 166,687.48 over the term. LTV is a comfortable 80%.
Entering the down payment as cash you have
You have 30,000 saved for a 120,000 property: switch the toggle to amount, and the calculator shows it is 25% down, loan 90,000 — plus the corresponding installment for your rate.
30 years vs 20 years on 100,000 at 5%
Installment 536.82 vs 659.96 — but interest 93,256.52 vs 58,388.59. The “cheaper” monthly option costs about 34,868 more overall. Run both before choosing comfort.
A smaller flat scenario
85,000 price, 10% down, 5.2% for 20 years: loan 76,500, installment 513.36, interest 46,704.78. Comparing two properties honestly means comparing these full rows, not just prices.
Frequently asked questions
What is LTV and why does the bank care?
Loan-to-value: the loan divided by the property value. At 80% LTV the bank can recover its money even if prices dip; at 95% it probably can’t. Lower LTV therefore means easier approval and often a lower rate — which is why a bigger down payment pays twice.
How much down payment do I need in Serbia?
Housing loans commonly require at least 10–20% of the property value, i.e. up to 80–90% LTV financed. Programs and exceptions exist and change — treat this as orientation and confirm with the specific bank.
My loan is EUR-indexed but I earn dinars. How do I use this?
Enter everything in euros — price, down payment — and read the installment in euros; that is how the contract is written. The dinar amount you actually pay each month then depends on the exchange rate at payment time, which is the currency risk of indexed loans.
Fixed or variable rate — what does the calculation assume?
A constant rate for the whole term. Most Serbian housing loans are variable (EURIBOR + margin) after an optional fixed period, so re-run the numbers at a stressed rate too — the same loan at +2 percentage points is the honest worst-case check.
What costs does this leave out?
Everything that is not interest: application and appraisal fees, loan insurance with NKOSK, property insurance, notary, taxes and agency commission. These are real money (typically several percent of the price) but vary too much to fake a number — budget them separately.
Why is total interest so large compared to the loan?
Duration. Interest accrues on a large balance for decades: at 5% over 30 years it approaches the borrowed amount itself. That is not a trick — it is the price of spreading payments across half a working life, and shorter terms shrink it dramatically.
Can I lower the total cost after taking the loan?
Yes — early repayments cut interest hard, especially in the first third of the term when balances are highest. Our early-repayment calculator shows the exact saving for a lump sum or a monthly top-up.
Do you store the property prices I try out?
No. Every scenario stays in your browser — nothing is uploaded or logged, and analytics never sees amounts.
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