French Mortgage calculator

Using a French mortgage calculator can give you a good understanding upfront of the likely cost of your mortgage in France. One question I have whenever am looking at calculators for mortgages in other countries is what is the likely rate going to be and what percentage of the property price am I going to be able to borrow. This is why on our French mortgage calculator page offers a handy idea of what the French mortgage best buys are for a range of purchase options from a classic second home mortgage to French leasebacks and Equity release options. With this information it is easier to get a top level understanding of what the likely loan payments will be on the mortgage and can help to inform you in your search for the right property and the right finance.

However, French mortgage calculators, like all mortgage calculators are offering figures in a vacuum and it is always necessary to find out if you will be able to qualify for the loan amount you would like to borrow. In order to calculate what size French mortgage you would be able to borrow, French banks apply an affordability calculation. This is based on your gross salary, you out goings for existing loan payments and any existing rental income. Take a calculator, calculate your gross annual salary on a monthly basis and then multiply this figure by .33. This will give you the amount the French banks consider you have available to spend on borrowings and loan payments on a monthly basis. From this figure you should deduct all you current monthly outgoings for loan payments and then ad 80% of any existing or future rental income you may get (N.B. French banks do not take seasonal income from holiday lets into consideration in their calculations. If you are planning to buy a property and to rent it out on an ad hoc basis, please get in touch with one of our consultants who may be able to get some of this income taken into account).

You should now have a figure which will be a good approximation of how much the French bank calculates you have to spend on a monthly payment for a French mortgage. The best way to confirm you situation is of course to speak with a professional broker who understands all the different ways French banks calculate the affordability ratio and how to get the best loan for you. Athena Mortgages are a specialist French mortgage broker and so we can offer you a fast decision in principle, telling you not only how much you can borrow in France but also send you a bespoke simulation comparing up to three mortgages side by side at a time, detailing purchase timelines, the dates when each sum will be required and also the documents required to apply for each loan. An overview of the current best French mortgages rates and our French mortgage calculator is available on our site and our consultants are available on +44 207 471 4515.

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