Curious about what a repayment can mean for you? By making a calculation, you immediately gain insight into what a repayment can mean for your gross mortgage costs. This way you can see what possible effect a repayment can have on your gross monthly payments, interest and mortgage debt of your interest-only mortgage.
"}},{"componentType":"cta","textLink":{"text":"Start calculation","url":"https://mijn.ing.nl/banking/personal/mortgages/your-mortgage/repayment-calculator"}},{"componentType":"sectionTitle","title":"Why can repayments be interesting?"},{"componentType":"paragraph","richBody":{"value":"Making a repayment on your interest-only mortgage can have different consequences. The benefits that apply to you depend on your personal situation. Such as:
"}},{"accordionList":[{"richBody":{"value":"By doing repayments, your mortgage debt becomes lower. As a result, you end up paying less mortgage interest and your monthly expenses will decrease. With an interest rate of 5% you save € 50 gross per year for every € 1,000 you repay.
"},"title":"1. Lower monthly payments"},{"richBody":{"value":"If you make repayments, your mortgage debt becomes lower compared with the value of your home. In some cases, this means your mortgage comes in a different loan-to-value ratio and your interest rate may go down. If this is possible according to your interest rate agreements, we will automatically adjust this for you.
You can check this page to see if your interest rate can be lowered. Do you have an NHG mortgage, or are you already in the lowest loan-to-value category? Then this does not apply. Do you have a (Bank)spaarhypotheek, Maatwerk Hypotheek or Meerwaarde Hypotheek? Then a lower interest rate is not always beneficial. For more information, please contact us via chat or 020 22 888 88.
"},"title":"2. Possibly a lower mortgage interest rate"},{"richBody":{"value":"With a lower mortgage debt, you reduce the chance of having a residual debt at the end of the mortgage term or when selling your home.
"},"title":"3. Less chance of a residual debt"},{"richBody":{"value":"Do you have assets in box 3 and do you exceed the tax-free assets? By making an repayment, you lower your assets and possibly also your tax burden in box 3.
"},"title":"4. Possibly less tax in box 3"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"What should you take into account?"},{"componentType":"paragraph","richBody":{"value":"Making a repayment on your interest-only mortgage does not only have advantages, there are also downsides. Such as:
"}},{"accordionList":[{"richBody":{"value":"Only use money that you do not need in the short term for a repayment. Always keep a sufficient financial buffer for unexpected expenses. You can easily check the minimum buffer advised by the Nibud.
"},"title":"1. Your financial buffer becomes smaller"},{"richBody":{"value":"Omdat je minder hypotheekrente betaalt, kun je dus ook minder rente aftrekken bij je belastingaangifte.
"},"title":"2. You can deduct less mortgage interest"},{"richBody":{"value":"Are you making a repayment on your interest-only mortgage? This may have consequences for your provisional tax refund, healthcare and childcare benefits. By reducing the mortgage interest deduction, your taxable income can be higher. As a result, your benefit can be reduced or even stopped entirely. Are you receiving benefits now? Before repaying, make a trial calculation of your benefits on the page of the Dutch Tax Administration. Please also inform the Dutch Tax Administration of any changes on time.
"},"title":"3. Your benefits may be reduced"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"Examples of potential savings"},{"alignedImage":{"position":"right","extension":"svg","original":"https://assets.ing.com/asset/07a13aa7-595a-4642-a065-8fb97cb30dad/Hand-drawing-explain-mortgage-spot.svg","transformBaseUrl":"https://assets.ing.com/transform/07a13aa7-595a-4642-a065-8fb97cb30dad/Hand-drawing-explain-mortgage-spot"},"componentType":"paragraph","richBody":{"value":"If you pay € 100 extra every month on an interest-only mortgage with 5% interest? After 10 years, you will save € 3,025 in gross interest.
If you pay € 12,000 at once? Then your debt will immediately be € 12,000 lower. As a result, you pay € 600 less gross interest every year. In 10 years you will save a total of € 6,000 gross interest.
The examples are gross amounts. We do not take into account tax benefits, such as mortgage interest deductions. The net savings are usually lower.
"},"title":"Potential savings in a one-time repayment"},{"componentType":"cta","textLink":{"text":"Discover your possibilities","url":"https://mijn.ing.nl/banking/personal/mortgages/your-mortgage/repayment-calculator"}},{"componentType":"sectionTitle","title":"Veelgestelde vragen"},{"accordionList":[{"richBody":{"value":"Whether repayment suits you and on which loan part can be repaid the best depends on your personal situation and wishes. ING cannot advise you on this. You can read more about the advantages and disadvantages of repayments here. Always have a financial buffer available for unexpected expenses. You can calculate your recommended buffer on Nibud.nl.
"},"title":"Which loan part can I repay best?"},{"richBody":{"value":"In many cases, you can repay up to 10% of the original mortgage amount each year without extra costs. Always check the terms and conditions of your mortgage.
In some situations, you may repay more than 10% without extra costs, for example:
By paying off, your total mortgage debt decreases and thus lowers the loan-to-value ratio. If the loan-to-value ratio has decreased due to repayments and according to your product interest table a lower interest rate is included, we automatically adjust the interest rate as a service for most mortgage types. Read more about this service here.
"},"title":"Will my interest rate be automatically adjusted after a repayment?"},{"richBody":{"value":"That depends on your mortgage and the amount you repay. We immediately show what the possible gross effect is.
"},"title":"What happens to my monthly costs?"},{"richBody":{"value":"A repayment reduces your mortgage debt and can therefore increase your home equity. If you buy another home later, this higher home equity may affect the maximum mortgage amount for which you can deduct mortgage interest from your taxes under Dutch tax rules.
"},"title":"What does a repayment mean for a future move?"},{"richBody":{"value":"Do you have a (Bank) Savings Mortgage, Maatwerk Mortgage or Meerwaarde Mortgage? Then it can be disadvantageous if you pay off due to tax conditions, among other things. You cannot make a repayment on these mortgages via My ING or the ING App.
"},"title":"Can I pay off extra on a (Bank) Savings Mortgage, Maatwerk Mortgage or Meerwaarde Mortgage?"}],"componentType":"accordion"}]},"hasMacro":false,"id":"bcdf20df-5732-484f-a85e-40df7064656d","localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Your ING mortgage","url":"/en/personal/mortgage/your-mortgage"}},"componentType":"campaignHeader","coreHeader":{"campaignTitle":{"primaryTitle":"What does repaying now","secondaryTitle":"mean for you?"},"headerImage":{"altTextDE":"\"\"","altTextEN":"\"\"","altTextFR":"\"\"","altTextNL":"\"\"","extension":"jpg","original":"https://assets.ing.com/asset/870d8fc5-3ed6-47b7-a402-8f872966615c/Portrait-of-senior-woman-wearing-heart-shaped-glasses-pulling-funny-faces.jpg","transformBaseUrl":"https://assets.ing.com/transform/870d8fc5-3ed6-47b7-a402-8f872966615c/Portrait-of-senior-woman-wearing-heart-shaped-glasses-pulling-funny-faces","type":"image","width":5893},"subtitle":"Discover what repaying your interest-only mortgage now could mean for you."},"cta":{"componentType":"cta","textLink":{"text":"Calculate now","url":"https://mijn.ing.nl/banking/personal/mortgages/your-mortgage/repayment-calculator"}},"headerNotification":{"notification":{"body":"The calculations are for information purposes only and no rights can be reserved. All amounts are gross and do not take into account possible consequences for your taxes and benefits. We do not store your data or share it with others.","notificationType":"information","personalizationTaxonomy":{"taxonomyType":"personalizationTaxonomy"},"productTaxonomy":{"taxonomyType":"productTaxonomyContainer"}}}},"publishDate":"2026-08-25T14:58:38.515+02:00"}}