Tips on using the home loan calculator
When using the home loan calculator, fill in your information as accurately as possible. You can also experiment with various interest rates to see how interest rate fluctuations affect your loan.
The home loan calculator's calculation is always only indicative. The loan interest rate and terms and conditions will be specified in the loan offer. In addition, the size of the monthly instalment or the duration of the loan term is affected by the repayment method selected for the loan.
Want to buy a new home? Ask an agent to estimate your current home's sales price and use it to calculate your loan requirement.
You typically pay a transfer tax in connection with the home sales, which is normally 1.5 per cent of the debt-free price for housing companies and 3 per cent for properties (1/2024). Calculate the transfer tax and add it to the loan amount you'll need.
Are you considering a home loan by yourself or with someone else?
Are you buying a home with someone else? You can apply for a home loan together or separately and later decide whether you want a joint home loan or separate home loans.
It is worth noting that if you take out two home loans, you also pay the loan servicing costs for the two loans. You can use the calculator to make separate indicative calculations for joint and separate loans.
Home loan calculator and OP bonuses
As an OP cooperative bank owner-customer, you can get OP bonuses worth up to hundreds of euros from your home loan. For example, OP bonuses can cover the loan's origination fee and servicing charges, home insurance premiums or OP Koti real estate agency's service fees.
The home loan calculator estimates the amount of OP bonuses you would earn during the first year. If you apply for a 100,000 euro loan, you could earn OP bonuses worth almost 250 euros in the first year. As an OP cooperative bank owner-customer, you get 40% more OP bonuses compared to the normal level of 2022. We will continue the familiar benefit until the end of 2025.
The home loan is granted by an OP cooperative bank.
