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What monthly payment for your mortgage in France?
A capital, a rate, a term: the monthly payment follows. Here is the calculation, insurance included, and what a French bank deduces from it about your borrowing capacity.
The breakdown, line by line
- Monthly payment excluding insurance
- Monthly insurance
- Total monthly payment
- Cost of interest
- Cost of insurance
- Total cost of credit
- Total repaid
- Debt ratio
Indicative estimate, constant amortisation. The firm offer comes from the bank, on your file: rate, insurance and security depend on your profile, your country of residence and the property. Nothing is sent to a server, everything is computed in your browser.
What a French bank looks at
The monthly payment is calculated with constant amortisation: each instalment repays interest, decreasing, and capital, increasing. At the same rate, a longer term lowers the payment but raises the total cost of credit; for a non-resident, the term rarely exceeds 20 to 25 years.
The debt ratio compares the total monthly payment, insurance included, with the household’s net income: French banks accept 35% at most. Income received in a foreign currency is converted and sometimes weighted, hence the value of a higher deposit, 20 to 40% of the price for a buyer living abroad.
Borrower insurance covers death and incapacity; its rate most often applies to the initial capital and weighs more as the term grows. It can be taken with an insurer outside the bank, which matters when you live abroad: age and residence criteria vary from one insurer to another.
Frequently asked questions
Can a non-resident borrow in France?
Yes. Several French banks lend to buyers living abroad, on their own terms: a higher deposit, often 20 to 40% of the price, a term capped at 20 or 25 years, and a careful reading of foreign-currency income. A broker used to non-residents knows which banks lend to which profile.
Why does the monthly payment change so much with the term?
Because the capital is spread over more or fewer instalments and interest runs for a longer or shorter time. Going from 15 to 25 years cuts the monthly payment by about a third at the same rate, but strongly increases the total cost of interest.
Is insurance compulsory?
The law does not require it, but no bank lends without death and incapacity cover. You may choose an insurer other than the one the bank proposes, with equivalent guarantees: for a non-resident, it is often the simplest route.
Is financing framed before or after the property search?
Before. Your Home Select property finder introduces a broker from the first exchange: they say what budget can be financed, over what term and with what deposit, and the file is built during the search. The purchase offer then goes out with a loan condition at the validated amounts.
