New Mortgage

Finaram’s online mortgage calculator makes it easy to estimate your potential home loan. Just enter a few key details – the property’s purchase price, your down payment, the desired term of the loan, the length of the fixed interest rate period, and your age – and our calculator does the math instantly.

In seconds, you will see estimates for:

• Your potential monthly payment, including both principal and interest
• The total loan amount
• The total amount payable over the loan term
• The interest rate
• The “Roční procentní sazba nákladů” (RPSN), which is the equivalent of the Annual Percentage Rate of charge (APR), covers all loan costs
• The optional monthly payment for insurance

Whether you are just starting to explore homebuying or ready to formally apply, using our mortgage calculator is a great first step. Play around with different home prices, down payments, fixed interest rate periods, and terms to see the impact.

Getting pre-approved online takes only two business days. Simply submit a few details and our specialists will match you with customized mortgage offers through our network of partners. Between the calculator and the process of securing a mortgage, you will have valuable information to make an informed decision on the best home loan for your situation.

Our advisors are also happy to discuss options at any stage – whether you are just curious about mortgages or ready to submit a full application.

Banks prioritize aligning their operations with the interests of shareholders. In contrast, Finaram works for you – our customers. This key difference allows us to provide better mortgage service.

How Finaram Delivers Superior Value Compared to Traditional Banks

Banks:

• Only offer their own mortgage products
• Require lengthy in-person appointments
• Provide little guidance on choosing between complex products
• Have rigid approval criteria that reject many applicants

Finaram:

• Compares rates & terms from a broad network of lenders to get you the best deal.
• Handles the entire mortgage process online or by phone
• Mortgage specialists guide you through every decision
• Take care of all documentation and administration
• Specialize in getting loans for niche and complex cases
• Actively monitor rates and contact you if refinancing makes sense
• Disclose and explain all closing costs upfront
• Fight on your behalf for lowest rates first

Our primary commitment is to secure the best financing options for our customers, aligning our goals directly with their needs. This customer-centric model allows us to provide a higher standard of caring mortgage service.

Our partner specialists communicate with bankers to secure the interest rate you prefer by negotiating rates and terms for you. This approach includes a rate lock guarantee, safeguarding your desired rate during the approval process, typically valid for a maximum of 30 days after the rate is set in the system.

First-Class Personal Service

At Finaram, every client gets dedicated service from a personal mortgage specialist. Your specialist will walk you through every step – from comparing rates to submitting paperwork to closing. Our specialists negotiate with lenders and handle all administration on your behalf, so the process is smooth and stress-free for you.

Other benefits include:

• Rate lock guarantees to protect your rate during approval
• Refinancing services if rates drop so you always have the best deal
• Flexible repayment options like one extra payment per year without penalty

By focusing solely on mortgages, our mortgage specialists have the expertise to handle even complex cases. Thanks to our advanced technology and partnerships, our specialists are often able to get you approved in situations where banks may find the application too complex. Rest assured you will have someone fighting on your side to make financing your home totally painless.

All services provided by Finaram, including application processing, are completely free of charge.

1. Rate Comparison

Upon receiving your mortgage request, our specialists collaborate with the lending partners to analyze your financial situation. This helps to determine if you qualify for the terms you are interested in. Next, current rates and closing costs are compared across all available lenders on the market. Within two business days, a detailed recommendation will be provided to you, highlighting the best option that offers the most favorable rates.

2. Completing the Mortgage Application

After our specialists have consulted the lending partners, your next step will be to complete an application to fully validate your details and provide the standard documentation typically required. At this stage, the bank will confirm the rate and review if any additional documents are necessary.

3. Documentation

Our specialists compile all the required documents for processing – bank statements, tax returns, etc. – and handle back-and-forth communication if anything additional is required.

4. Home Appraisal & Legal Work

While evaluation is underway, our specialists coordinate with the assigned appraiser to assess the property. Validation of proof of ownership, liens, and encumbrances is also handled. For complete peace of mind, our legal partners may also review the purchase contract.

5. Closing & Funding

Once the application is fully approved, signing is scheduled at a convenient branch. After closing our specialists monitor the process of getting funds and transferring them for purchase.

6. Ongoing Rate Monitoring

Even post-closing we continually check for rate drops that could save you money. Whenever refinancing makes sense, we contact you so can you take advantage right away.

On every step of the way, you have a dedicated mortgage specialist handling paperwork and coordination for a smooth, stress-free experience.

A mortgage offer of 5 million crowns, with a 30-year repayment term at a fixed annual interest rate of 4% for the first 5 years. Over the 30-year loan, your total repayment amount would be 8.6 million crowns with 360 equal installments. The loan repayment would consist of monthly installments of 23,870 crowns each, which cover both principal and interest.
One-time closing costs are determined based on individual preferences and specific bank fees. These costs typically amount to several thousand Czech crowns but may vary.
Also, there are no origination or application fees charged by us.
As for ongoing costs, you will find that they can vary from bank to bank.
Choosing insurance along with your loan is a personal choice. While having insurance could potentially lower your interest rate, it is important to remember that it will also increase the overall amount repaid over the life of the loan.