The additional costs of a real estate purchase are unfortunately taken into account when considering “how much property I can afford” only when it is almost too late. Against the background that they vary from state to state, one should consider this cost factor from the beginning. So that you can get an idea of what you have to expect, here we have the utility calculator for you.
If you buy a property, you have to pay far more than just the purchase price. To avoid unpleasant surprises, it is advisable to get an overview of the incidental costs in advance. In our utility bill you enter the information
All additional costs ultimately depend on the purchase price and are calculated as a percentage. As the real estate price increases so do the additional costs.
The indication of the state has much to do with the purchase costs, as land transfer tax and brokerage commissions vary from state to state.
There is no change to the land transfer tax , so this field is preallocated. However, you can reduce them somewhat by calculating the value for subsequently installed components of the object, such as a fitted kitchen, from the actual purchase price for the property. This must be evident in the purchase contract.
Notary costs and land register entry are uniformly calculated nationwide at 1.3 percent. However, if you incur additional expenses, such as for a notary account, change the value with the arrows next to the “Notary fees and land register entry” field.
The amount of the brokerage commission is automatically indicated and determined by the indication of the federal state. However, as the brokerage fee is only limited upwards, you can enter this in the field ” Different Broker Costs ” for another amount.
All in all , you now see the purchase costs that you have to pay in connection with the purchase of real estate. For the sake of order, these are listed again as a percentage.
In addition to the purchase price and the so-called ancillary costs, however, further costs for the purchase of real estate may be due, which should be taken into account. These include, for example, interest costs for a real estate loan or costs for an appraiser, a conversion or modernization measures.
In the case of an annuity loan, the borrower pays the same rate over the entire term – consisting of interest and principal.
Mortgage loans are the standard variant of mortgage lending. Which interest rates are currently the cheapest in comparison.
Mortgage lending without equity is a full financing. Our guide shows advantages and disadvantages and compares offers.
How much is residual debt insurance really expensive? We compared the offers from ten banks and show you the real costs.