Perini Finance & Property Mortgages in Germany · §34i GewO
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Estimate the prepayment penalty

Anyone repaying their loan within the fixed-rate period — for example when selling the property — usually pays the bank a prepayment penalty. This estimate gives a rough order of magnitude; the bank calculates by its own method.

Information

The prepayment penalty is the bank's interest loss: the difference between your contractual rate and what the bank would still earn today from a safe reinvestment, over the remaining fixed-rate period. Banks calculate it using the asset-liability or asset-asset method; special repayment rights and saved costs reduce it. Important: under §489 BGB you may terminate a loan ten years after full disbursement, with six months' notice, without a prepayment penalty.

Penalty estimate

Rough order of magnitude

Enter the remaining debt, remaining fixed-rate period, your contractual rate and an assumed reinvestment rate.

Estimate (very rough)
estimated prepayment penalty

A very rough approximation, not a legally binding calculation. Banks calculate by their own method (asset-liability / asset-asset); special repayment rights, saved administrative and risk costs and the exact interest structure reduce the amount. Under §489 BGB, termination with six months' notice without penalty is possible ten years after full disbursement. This is not legal advice.

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FAQ

Frequently asked questions about the prepayment penalty

When does a prepayment penalty arise at all?
When you repay a loan with a fixed interest rate before it ends, without a special right of termination applying — typically when selling the property. With variable loans or after the fixed-rate period ends, none arises.
Can I terminate without cost after ten years?
Under §489 BGB you may terminate a loan ten years after full disbursement with six months' notice — without a prepayment penalty, even if the fixed-rate period runs longer.
How accurate is this estimate?
It provides only a rough order of magnitude. The binding calculation is made by your bank using a recognised method. If you suspect an excessive claim, an independent review is worthwhile.