Monthly payment, true cost (APR (TAEG)), fixed or variable rate risk and how much you can afford, with the rules that apply in Italy.
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For a mortgage of 150,000 EUR over 25 years at 3.1%, the monthly payment is about 719.14 EUR. Change the amount, term and rate in the calculator above to see your own payment.
The APR (TAEG) includes fees and required costs on top of interest. In our example with typical fees the APR (TAEG) is 3.44% while the nominal rate is 3.1%. Compare loans by the APR (TAEG) and by the total amount you repay.
Variable Italian mortgages follow the 1 or 3 month Euribor, about 2.6% in October 2026, plus the bank spread. Some banks offer a cap that limits how high the rate can go. If rates rose by 2 points, the payment in our example would go up to 885.65 EUR. A fixed rate protects you from that risk, a variable rate can be cheaper when rates fall.
Italian banks usually keep the mortgage payment within about one third of net household income and lend up to 80% of the property value. Young buyers can get more with the Fondo Prima Casa guarantee. Enter your net income to check your ratio.
In Italy the nominal rate is called TAN and the total yearly cost TAEG. Mortgages are mostly fixed, with variable ones linked to the 1 or 3 month Euribor. The Bank of Italy sets usury thresholds (tassi soglia) every quarter, and the Bersani law lets you repay a home mortgage early without any penalty.
The nominal interest rate only covers interest. The APR (TAEG) adds the fees and costs you must pay to get the loan, such as processing fees, account fees and required insurance, and turns everything into one yearly percentage. Two loans with the same interest rate can have very different APR (TAEG). When you compare offers for the same amount and term, the lower APR (TAEG) is usually the cheaper loan.
A fixed rate keeps your payment the same for an agreed period, so you know exactly what you pay. A variable rate is a reference rate (for example Euribor) plus the bank's margin. It is often lower at the start, but your payment rises when the reference rate rises. Use the stress test above to see your payment if rates go up by 1, 2 or 3 points, and only choose variable if you could still pay that.
With equal payments (annuity) the monthly amount stays the same, and at the start most of it is interest. With equal principal the first payments are higher but fall every month, and you pay less interest in total. Switch the repayment option in the calculator to see the difference.
Look beyond the monthly payment. Add up interest, upfront fees, monthly account and insurance costs, valuation and notary costs. A longer term lowers the payment but increases the total interest a lot. The line "cost per 100 borrowed" shows how much you pay for every 100 you borrow.
Paying off part of the loan early saves interest. Many countries limit what banks may charge for it, and variable-rate loans can often be repaid without a fee. Read the early repayment clause before you sign.
Typical mortgage at today's average rate, equal monthly payments, without fees. Interest rate: 3.1%.
| Amount | Term (years) | Monthly payment | Total interest |
|---|---|---|---|
| 100,000 EUR | 20 | 559.62 EUR | 34,308 EUR |
| 150,000 EUR | 25 | 719.14 EUR | 65,743 EUR |
| 200,000 EUR | 30 | 854.03 EUR | 107,452 EUR |
Yes. Under the Bersani law you can repay a home mortgage early, in part or in full, without any penalty. For personal loans the fee is at most 1%, or 0.5% in the last year.
In October 2026 Italian mortgages have an average TAEG of about 3.99%. Fixed offers usually start at about 3% TAN, and variable ones are Euribor plus about 1 point. Personal loans cost about 8% to 10% TAEG.
No. It is an educational calculator. Your bank sets the final rate and costs. Use the results to understand and compare offers, and ask for the official pre-contract information before signing.
This page is educational. Rates are examples based on central bank statistics and published offers in October 2026, and your bank will price your loan individually. Always compare the official offer document (ESIS or standard information form) before you sign.