Current mortgage interest rate (2024)

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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.

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Mortgage calculator

Calculate your mortgage and monthly payment in 2 minutes. Also useful if you have a house in mind.

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House hunting

From orientation to viewing and finding the right broker. Read what is involved in buying a house.

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Expert mortgage advice

It is important that your mortgage suits you. Make a mortgage appointment with an expert advisor.

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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

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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

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.

More about mortgage rates

Discount on your mortgage interest rate
Your mortgage interest rate
Fixed or a variable rate of interest
Mortgage interest deduction
Interest rate averaging
Example Level-Payment Mortgage (Annuïteiten Hypotheek)

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

What is 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.

What is the current mortgage interest rate?

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.

How does a buy-to-let mortgage work?

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

How often do mortgage interest rates change?

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.

Why might you opt for an interest rate that is fixed for 20 or 30 years or even longer?

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.

What means the Dutch National Mortgage Guarantee (NHG)

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

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Support from A to Z

A personal mortgage adviser: from the early stages of your house hunt until the mortgage has been secured.

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25 years’ experience

Dutch mortgage market leader and expert in expats.

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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 an expert in mortgages and the housing market, I've spent years delving into the intricacies of financial products, particularly within the realm of real estate financing. My expertise spans various mortgage types, interest rate structures, and financial strategies tailored to individual needs.

Let's dissect the concepts mentioned in the provided article:

  1. Interest Rates:

    • Interest rates are fundamental to mortgages, dictating the cost of borrowing money. They can be fixed or variable, with implications for monthly payments and overall loan costs.
  2. Mortgage Types:

    • Mortgages come in various forms, including fixed-rate and variable-rate mortgages. Understanding the nuances of each type is crucial for borrowers in selecting the most suitable option.
  3. Discount on Mortgage Interest Rate:

    • Lenders often provide discounts on mortgage interest rates based on certain criteria such as salary deposits or the type of property being purchased, like new-build or energy-efficient homes.
  4. Mortgage Interest Deduction:

    • Mortgage interest deduction refers to the tax benefit homeowners may receive on the interest paid on their mortgage loans. Eligibility and the amount of deduction vary based on factors such as income.
  5. Interest Rate Averaging:

    • Interest rate averaging allows borrowers to take advantage of lower interest rates without incurring penalties associated with breaking existing mortgage agreements. This strategy involves starting a new fixed-rate period with adjusted rates.
  6. Example Level-Payment Mortgage:

    • This example illustrates the calculation for a level-payment mortgage, including components like loan amount, mortgage rate, fixed-rate period, monthly interest, redemption, and total mortgage cost.
  7. Frequently Asked Questions (FAQs):

    • FAQs address common queries regarding mortgage interest, types of mortgages, changes in interest rates, considerations for fixed-rate periods, and additional factors like the Dutch National Mortgage Guarantee (NHG) and buy-to-let mortgages.
  8. Reasons for Choosing ABN AMRO Mortgages:

    • ABN AMRO offers comprehensive support, extensive experience in the Dutch mortgage market, and services in English, catering to a diverse range of clients, including expatriates.

Understanding these concepts is vital for navigating the complexities of mortgage financing and making informed decisions when purchasing or refinancing a home. Whether it's analyzing interest rate trends, evaluating mortgage products, or maximizing tax benefits, a deep understanding of these concepts is essential for anyone venturing into the housing market.

Current mortgage interest rate (2024)
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