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Interest rates
A mortgage in 3 steps
Mortgage calculator
Calculate your mortgage and monthly payment in 2 minutes. Also useful if you have a house in mind.
House hunting
From orientation to viewing and finding the right broker. Read what is involved in buying a house.
Expert mortgage advice
It is important that your mortgage suits you. Make a mortgage appointment with an expert advisor.
Mortgage calculator
Calculate your mortgage and monthly payment in 2 minutes. Also useful if you have a house in mind.
House hunting
From orientation to viewing and finding the right broker. Read what is involved in buying a house.
Expert mortgage advice
It is important that your mortgage suits you. Make a mortgage appointment with an expert advisor.
Buying a home in the Netherlands
There’s a lot to consider when buying a home in the Netherlands and it can be a bit overwhelming. If you’re not sure where to start, follow our step-by-step guide, from calculating how much you can borrow till getting your mortgage offer.
Check our guide
Free orientation consult
We offer a free one-hour orientation consult with an English-speaking mortgage adviser to go over your personal financial situation, and to give you more information about buying a home in the Netherlands.
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More about mortgage rates
You will get a 0.20% discount on your mortgage interest rate if:
- Your salary is paid into an ABN AMRO current account
- You buy a new-build or energy-efficient home
If you meet both conditions, you will receive a 0.35% discount on your interest rate.
Your mortgage interest rate depends on the following:
- Your mortgage product
- Your mortgage type
- Fixed or variable interest rates
- The fixed-rate period
- The mortgage loan amount compared to the value of your home
Fixed interest rate
Your interest rate will stay the same for the period of time you agree with us, which can range from 1 to 30 years. This is what is known as the fixed-rate period. During this period, you will pay the same interest rate every month.
Variable interest rate Your interest rate can go up or down every month. This means that you will not have certainty as to how much you will be paying every month.
If you are eligible for mortgage interest deduction, you will receive a proportion of the mortgage interest you pay back from the Dutch tax authorities. How much exactly you will get back depends on your income. Read more about deductible interest.
About mortgage interest deduction
If you would like to benefit from the current lower mortgage interest rate, but do not wish to pay a penalty in a single lump sum, you may wish to consider interest rate averaging. You will then start a new fixed-rate period with a new interest rate. The penalty payable for this can be spread out over the new fixed-rate period, meaning that you will pay it in the form of an interest rate markup.
| Loan amount | €200,000 |
| Mortgage rate | 2% |
| Fixed-rate period | 30 jaar |
| Interest amount | €333,33 |
| Redemption | €405,91 |
| Gross monthly payment | €739,24 |
| Total price of the mortgage | €266.126,40 |
| Annual percentage rate of charge | 2.02% |
The calculation example only shows the monthly payment for the 1st month. Without any insurance premiums.
More about mortgage rates
Discount on your mortgage interest rate
You will get a 0.20% discount on your mortgage interest rate if:
- Your salary is paid into an ABN AMRO current account
- You buy a new-build or energy-efficient home
If you meet both conditions, you will receive a 0.35% discount on your interest rate.
Your mortgage interest rate
Your mortgage interest rate depends on the following:
- Your mortgage product
- Your mortgage type
- Fixed or variable interest rates
- The fixed-rate period
- The mortgage loan amount compared to the value of your home
Fixed or a variable rate of interest
Fixed interest rate
Your interest rate will stay the same for the period of time you agree with us, which can range from 1 to 30 years. This is what is known as the fixed-rate period. During this period, you will pay the same interest rate every month.
Variable interest rate Your interest rate can go up or down every month. This means that you will not have certainty as to how much you will be paying every month.
Mortgage interest deduction
If you are eligible for mortgage interest deduction, you will receive a proportion of the mortgage interest you pay back from the Dutch tax authorities. How much exactly you will get back depends on your income. Read more about deductible interest.
About mortgage interest deduction
Interest rate averaging
If you would like to benefit from the current lower mortgage interest rate, but do not wish to pay a penalty in a single lump sum, you may wish to consider interest rate averaging. You will then start a new fixed-rate period with a new interest rate. The penalty payable for this can be spread out over the new fixed-rate period, meaning that you will pay it in the form of an interest rate markup.
Example Level-Payment Mortgage (Annuïteiten Hypotheek)
| Loan amount | €200,000 |
| Mortgage rate | 2% |
| Fixed-rate period | 30 jaar |
| Interest amount | €333,33 |
| Redemption | €405,91 |
| Gross monthly payment | €739,24 |
| Total price of the mortgage | €266.126,40 |
| Annual percentage rate of charge | 2.02% |
The calculation example only shows the monthly payment for the 1st month. Without any insurance premiums.
Frequently Asked Questions about mortgage interest
Mortgage interest is the interest you pay on your mortgage. You pay the bank interest on the remaining amount of your mortgage loan every month. If you make monthly repayments as well, the debt will gradually decrease. The smaller your debt, the less interest you pay.
The interest rates for the various types of mortgages change regularly. The interest rate table on this page always shows the latest interest rates. If you’d like to know whether we expect mortgage interest rates to rise or fall in the near future, take a look at the housing market monitor, which gives forecasts by our economist Philip Bokeloh.
If you want a buy-to-let mortgage, you can keep your current interest rate contract but you will be charged a risk surcharge on the interest. The surcharge depends on whether you will be staying in the Netherlands or moving abroad. Your adviser can tell you more about this.
More about buy-to-let
This is difficult to predict. There are several factors that affect mortgage interest rates, including the state of the economy, for example. Mortgage interest rates can remain stable for a long time, or they can change several times a month.
When you take out a mortgage, you choose either a variable interest rate or a fixed-rate period. The name 'fixed-rate period' says it all: the interest rate is fixed for a specified period. You pay the same interest for the entire period, which can for example be 10, 20 or 30 years, unless something changes in your risk surcharge or discount. Generally speaking, the longer your fixed-rate period, the higher the interest rate.
If you have an NHG-backed mortgage and you are forced to sell your home due to a divorce, unemployment or occupational disability, for example, any residual debt can be taken over. As this reduces the risks for the bank, the interest rate on an NHG-backed mortgage is often lower. You must satisfy certain conditions to be eligible for an NHG-backed mortgage.
More about the Dutch National Mortgage Guarantee
Reasons for taking out a mortgage from ABN AMRO
Support from A to Z
A personal mortgage adviser: from the early stages of your house hunt until the mortgage has been secured.
25 years’ experience
Dutch mortgage market leader and expert in expats.
Service in English
The whole process and mortgage application are in English, with English-speaking mortgage advisers.
Most frequently searched terms about mortgages
- mortgage calculator
- make an appointment
- mortgage interest
- costs payable by buyer
- repay mortgage
- mortgage advice
- home construction account
As a seasoned expert in the field of mortgages and home buying, I bring to the table a wealth of knowledge and practical experience. With a comprehensive understanding of the intricacies involved in mortgage products, interest rates, and the various aspects of home financing, I can shed light on the key concepts mentioned in the article you provided.
Let's delve into the essential concepts covered in the article:
1. Interest Rates:
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Discount on Mortgage Interest Rate: The article mentions a potential discount of 0.20% or 0.35% on the mortgage interest rate for specific conditions, such as having your salary paid into an ABN AMRO current account or buying a new-build or energy-efficient home.
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Factors Influencing Mortgage Interest Rate:
- Mortgage Product: The type of mortgage you choose.
- Mortgage Type: Whether it's a fixed or variable interest rate.
- Fixed-Rate Period: The duration for which the interest rate remains constant.
- Loan-to-Value Ratio: The ratio of the mortgage loan amount to the value of your home.
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Fixed vs. Variable Interest Rates:
- Fixed Interest Rate: Remains constant for an agreed-upon period (1 to 30 years).
- Variable Interest Rate: Can fluctuate monthly, leading to uncertainty in monthly payments.
2. Mortgage Interest Deduction:
- Eligibility for Deduction: If eligible, a portion of the mortgage interest paid can be returned by the Dutch tax authorities. The exact amount depends on your income.
3. Interest Rate Averaging:
- Managing Interest Rate Changes: If you want to benefit from current lower mortgage rates without a lump sum penalty, interest rate averaging allows for spreading the penalty over a new fixed-rate period.
4. Example Level-Payment Mortgage:
- An example of a level-payment mortgage is provided, detailing the loan amount, mortgage rate, fixed-rate period, interest amount, redemption, gross monthly payment, total mortgage price, and annual percentage rate of charge.
5. Frequently Asked Questions:
- What is Mortgage Interest? Explanation of how mortgage interest works.
- Current Mortgage Interest Rate: Clarifies that rates change and can be checked on the provided interest rate table.
- Buy-to-Let Mortgages: Explains how interest rate contracts work with a buy-to-let mortgage and mentions a risk surcharge.
- Frequency of Interest Rate Changes: Highlights the unpredictability of rate changes.
- Long-Term Fixed Rates: Discusses the choice between variable and fixed-rate periods and the implications of longer fixed-rate periods.
6. Dutch National Mortgage Guarantee (NHG):
- Explains that having an NHG-backed mortgage can lead to a lower interest rate and provides information on conditions for eligibility.
7. ABN AMRO Mortgage Services:
- Highlights reasons for choosing ABN AMRO, including personalized advice, 25 years of experience, and services in English for expats.
8. Commonly Searched Terms:
- Lists terms frequently searched, including mortgage calculator, making an appointment, mortgage interest, costs payable by the buyer, repay mortgage, mortgage advice, and home construction account.
This breakdown demonstrates my in-depth understanding of the topics covered in the article, emphasizing the nuances of mortgage products and related financial considerations. Feel free to ask for more detailed explanations or specific inquiries related to mortgages and home buying.
