Question answer section
Question
How much do I need for a down payment?
Answer
Your down payment requirements may depend on your lender, the type of home loan you choose and the type of property you are buying. Your required down payment can range anywhere from 3%-20% of the home's purchase price. Lenders offer a variety of different loan programs, including low down payment options. Each loan program has different rules regarding the down payment required. Down payments can also vary by the amount you want to borrow, as well as factors like credit history.
It looks like you may be able to afford a home worth about 386,405 for a payment of about1,300per month
$376,405 loan amount
With a monthly payment of 1,300
10,000 | 2.6%
Down payment
Information and interactive calculators are made available as self-help tools for your independent use and are intended for educational purposes only. Any results are estimates and we do not guarantee their applicability or accuracy to your specific circumstances
What does this possibly mean for me?
Based on your income, expenses, and the loan you selected, the amount above represents the most you will likely be comfortably able to pay for a home. This assumes that your total costs for your loan payments (principal and interest), taxes, and insurance should not be higher than 45% of your monthly income. Also, remember that you'll have additional homeownership costs that you may need to factor into your monthly budget, including insurance, association fees, and maintenance expenses. Mortgage insurance expenses—which you may have to pay if your down payment is less than 20%—are not included in this calculation. We suggest that all buyers get pre-qualified or pre-approved prior to starting their new home search.
You selected an adjustable rate mortgage or ARM. Based on your income, expenses, and the loan you selected, the amount above represents the most you can comfortably afford to pay for a home*. This assumes that your total costs for your loan payments (principal and interest), taxes, and insurance should not be higher than 45%. Also, remember that you'll have additional homeownership costs that you may need to factor into your monthly budget, including insurance, association fees, and maintenance expenses. Mortgage insurance expenses—which you may have to pay if your downpayment is less than 20%—are not included in this calculation. We suggest that for all buyers to get pre-qualified prior to starting their new home search.
* The information above is based on the interest rate during the fixed rate period of the ARM you selected. For example, for a 5/1 ARM, the fixed rate period is 5 years, or 60 months. After the fixed rate period, your payment may change based on the change in the index used to calculate your interest rate.
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Expert mortgage advice
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More about mortgages
I want to remortgage, how does that work?
You can change your current ABN AMRO mortgage, or if you have a mortgage with a different lender, you can switch your mortgage to ABN AMRO. Remortgaging is subject to charges.
What does mortgage advice cost?
The fee charged for mortgage advice depends on the kind of advice you choose. You can opt to take out a mortgage based on personal advice, specific advice or without receiving any advice. So check the various kinds of advice to see how much advice will cost you.
Mortgage calculator if you have student debt
If you have student debt and are planning to buy a house, the amount you can borrow on a mortgage will be lower, because you have to be able to continue your monthly student debt payments as well. Keep reading to find out how this affects you.
How much can I borrow on a mortgage?
Your income determines how much you can borrow on a mortgage. We will look at whether you are an employee, self-employed or a pensioner. A mortgage is all about customisation, so the way you earn your income affects how much you can borrow.
Mortgage calculation principles
Buying a new home can be daunting, so it is a good idea to make sure you are well prepared. This calculation will give you an idea of the mortgage and its monthly costs, so you can estimate how much the home you want to buy will cost you each month. So although it will be a realistic picture, you cannot derive any rights from this calculation.
More about Mortgage Explanation Principles
More about mortgages
What are the mortgage rates?
Take a look at the current interest rates.
I want to remortgage, how does that work?
You can change your current ABN AMRO mortgage, or if you have a mortgage with a different lender, you can switch your mortgage to ABN AMRO. Remortgaging is subject to charges.
What does mortgage advice cost?
The fee charged for mortgage advice depends on the kind of advice you choose. You can opt to take out a mortgage based on personal advice, specific advice or without receiving any advice. So check the various kinds of advice to see how much advice will cost you.
Can I increase my current mortgage?
If there is surplus value in your current home, you can increase your mortgage. Provided you have sufficient income.
Mortgage calculator if you have student debt
If you have student debt and are planning to buy a house, the amount you can borrow on a mortgage will be lower, because you have to be able to continue your monthly student debt payments as well. Keep reading to find out how this affects you.
Mortgage calculator for the self-employed
Regardless of your line of business, you can apply for a mortgage with us after only 1 year of self-employment. You will also be eligible for the Dutch National Mortgage Guarantee (NHG). Calculate your maximum mortgage now based on your annual figures. It’s easy.
How much can I borrow on a mortgage?
Your income determines how much you can borrow on a mortgage. We will look at whether you are an employee, self-employed or a pensioner. A mortgage is all about customisation, so the way you earn your income affects how much you can borrow.
I receive my income in a currency other than the euro, can I still get a mortgage?
Subject to certain conditions, you can take out a mortgage when you receive your income in a currency other than the euro. Since your income is in a different currency, you will be running a currency risk. If the exchange rate changes, your income’s value in euros will also change, and this may have an impact on the affordability of your monthly costs. If you have any questions, please contact the International Clients Desk.
Maximum mortgage and the value of the property
The value of the property that you are looking to buy also determines how much you can borrow on a mortgage. This is because your property will be the collateral for your mortgage.
Mortgage calculation principles
Buying a new home can be daunting, so it is a good idea to make sure you are well prepared. This calculation will give you an idea of the mortgage and its monthly costs, so you can estimate how much the home you want to buy will cost you each month. So although it will be a realistic picture, you cannot derive any rights from this calculation.
More about Mortgage Explanation Principles
Reasons for taking out a mortgage from ABN AMRO
Discount on your mortgage interest
Client discount of up to 0.2% if you have an ABN AMRO payment package. And a sustainability discount of up to 0.15% when you buy an energy-efficient home or take further sustainability measures.
Free orientation meeting
To find out more about your options, make an appointment for an orientation meeting, free of charge. Wherever and whenever suits you best, by telephone or in a video call.
Manage your mortgage yourself
You can view and change your mortgage yourself on Internet Banking. From changing the interest rate to making additional repayments. It’s secure and easy.