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Hungary 💰 HUF Last updated2026-05-28 Jelzáloghitel Calculator
Hungary
A HUF 35,000,000 jelzáloghitel at 6.85% over a 20-year fixed term works out to a monthly payment of about 268 212 Ft, with total interest of 29 370 947 Ft over the full term.
Mortgage Calculator
Local context Jelzáloghitels in Hungary
Market overview
Hungarian mortgages are dominated by OTP Bank (the dominant domestic bank), Erste Bank Hungary, K&H (KBC subsidiary), CIB Bank (Intesa Sanpaolo), and Raiffeisen Bank. The Hungarian National Bank (MNB) holds policy rate at 6.50% in early 2026, having cut from peak 13.0% in 2023. Hungary has a state-subsidized first-home program (CSOK Plusz) providing fixed 3% subsidized mortgages to qualifying families with children, replacing the older CSOK system in 2024.
Why 6.85% is the typical rate
6.85% reflects a typical 5-year fixed mortgage rate for a salaried Hungarian borrower at 80% LTV in early 2026. CSOK Plusz subsidized rate is fixed 3% for the entire loan term, dramatically below market, but eligibility is strict (married couples with 1+ children planning more, specific home types, income brackets).
Tax & regulatory notes
Mortgage interest is not generally deductible from Hungarian personal income tax for owner-occupiers. Property transfer tax (illeték) is 4% of purchase price (2% for first-time buyers up to HUF 40 million, with full exemption for under-35 first-time buyers buying primary residences under specific thresholds). VAT of 5% applies to new-build residential properties; resales are exempt. Foreign EU/EEA buyers face the same rules as Hungarians; non-EU buyers may need approval from local government for agricultural land.
A HUF 35,000,000 jelzáloghitel at 6.85% over a 20-year fixed term
35 000 000 Ft 6.85% 20 years (240 months) 268 212 Ft 29 370 947 Ft 64 370 947 Ft 
