Mortgage calculator
A mortgage is a long-term loan secured by the property itself — typically repaid over 15 to 30 years. Enter the amount, the interest rate from your bank's offer and the term to see the monthly payment, total interest and the full repayment schedule.
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Contact us → marketing@izracunaj.baHow the mortgage calculator works
A mortgage is repaid in equal monthly annuities like any other loan — but with a large amount and a long term, total interest is where the real money is. Over twenty-odd years, even a small difference in the rate means thousands in total cost.
The term is the strongest lever: the longer it is, the lower the payment, but interest accrues for years longer. Compare a few terms in the calculator — say 20 versus 25 years — before you decide.
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Contact us → marketing@izracunaj.baExample: a 150,000 KM mortgage
As an example, a 150,000 KM mortgage at 6% per year over 20 years (240 instalments) gives a monthly payment of about 1,075 KM. You repay about 257,900 KM in total, of which roughly 107,900 KM is interest — more than two thirds of the loan amount. The 6% rate is purely illustrative: take the real rate from an actual bank offer.
Additional mortgage costs
Beyond the payment, a mortgage carries one-time costs at the start: the bank's processing fee, notary fees and mortgage registration, the property appraisal, and the insurance policies the bank requires. The amounts depend on the bank, the notary and the property value, so the calculator does not assume any of them.
Once you have the actual figures from an offer, enter the bank fee in the fee (%) field and the rest combined in the one-time costs field — that shows the loan's realistic total cost.
Down payment and LTV
Banks generally do not finance the full property price: you pay part of it yourself as a down payment, and the ratio of the loan to the property value is called LTV (loan-to-value). A larger down payment means a lower LTV — and a lower LTV usually brings better terms and a better chance of approval.
Enter only the amount you actually borrow: the property price minus your down payment.
Frequently asked questions
What is a mortgage lien?
It is the bank's security interest in the property: if the loan is not repaid, the bank can recover its money from the property's value. It is registered in the land records when the contract is signed and removed once the loan is repaid.
Fixed or variable interest rate?
A fixed rate keeps the payment the same for the agreed period. A variable rate is tied to a reference rate (e.g. EURIBOR), so the payment can rise and fall. This calculator uses a single rate — for a variable offer, run several scenarios with different rates.
Are notary costs and insurance included in the result?
Only if you enter them: the bank fee in the fee (%) field, and the notary, appraisal and insurance combined in one-time costs. Without those inputs, the calculator shows only the payment and interest.
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