Hungary 💰 HUF Last updated2026-05-28

Jelzáloghitel Calculator Hungary

⚡

Quick answer (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

USD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$326,546

PITI

Principal + Interest

$268,212

46% goes to interest

Total Interest

$29,370,947

over 20 years

Monthly Breakdown

Principal & Interest$268,212

Property Tax (1.1%/yr)$40,104

Homeowner's Insurance (0.5%/yr)$18,229

Total Monthly$326,546

Principal vs Interest Split

54% principal

46% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Jelzáloghitels in Hungary

Typical loan

35 000 000 Ft

in Hungary

Typical rate

6.85% p.a.

prime borrower, 2026

Typical term

20 years

most common

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.

🧮 Worked example

A HUF 35,000,000 jelzáloghitel at 6.85% over a 20-year fixed term

Loan amount

35 000 000 Ft

Annual interest rate

6.85%

Term

20 years (240 months)

Monthly payment

268 212 Ft

Total interest paid

29 370 947 Ft

Total paid (principal + interest)

64 370 947 Ft

❓ FAQ (Hungary)

Common questions in Hungary.

CSOK Plusz subsidized mortgage — am I eligible?

CSOK Plusz is the 2024 successor to CSOK (Családi Otthonteremtési Kedvezmény — Family Home Allowance Program). It provides fixed 3% mortgages up to HUF 50 million to married couples with at least one existing child and a commitment to have more. Eligibility: married couple, 25-50 years old, at least one of them in Hungarian social-insurance-covered employment for 2+ years, the home being primary residence. The program also includes outright cash grants for families with 3+ children. Apply through OTP, Erste, K&H, or CIB.

Why are Hungarian mortgage rates higher than other Visegrád neighbors?

Hungary has the highest inflation in the EU through most of 2023-2024 (peak 25%+ YoY in early 2023) due to HUF weakness, energy import dependence, and fiscal-monetary tensions between PM Orbán and MNB. MNB held policy rate at 13.0% from October 2022 to mid-2023 — the EU's highest. Subsequent cuts have brought policy to 6.50% but mortgage rates remain elevated. Compared to Czech 5.05% and Polish 7.2%, Hungary's 6.85% sits between but closer to Polish levels than German/Austrian Eurozone neighbors.

Foreign-currency mortgages in Hungary — still a concern?

Pre-2014 Hungary saw widespread CHF and EUR-denominated mortgages that exposed Hungarian borrowers to massive FX losses when HUF depreciated. The 2014 government-mandated conversion to HUF (at preferential exchange rates) and subsequent ban on foreign-currency household lending eliminated this risk for new originations. All new Hungarian mortgages are HUF-denominated. The 2014 episode remains a touchstone in Hungarian financial regulation and a cautionary tale for EM currency-mismatched lending.

🌍 Other countries