Example: a flat at €350,000 with equity
| Purchase price | €350,000 |
|---|---|
| Land transfer tax (Grunderwerbsteuer) | 6.5% |
| Notary (Notar) | 1.5% |
| Land registry (Grundbuch) | 0.5% |
| Estate agent (Makler) | 3.57% |
| Equity (Eigenkapital) | €90,000 |
| Purchase costs total | €42,245.00 |
|---|---|
| Costs as % of price | 12.07% |
| Total outlay (incl. price) | €392,245.00 |
| Remaining to finance | €302,245.00 |
| Equity covers the costs? | Yes |
On a €350,000 flat, land transfer tax at 6.5% is €22,750, the notary 1.5% (€5,250), the land registry 0.5% (€1,750) and the agent 3.57% (€12,495) — €42,245 in all, or 12.07% of the price. Added to the price, the total outlay is €392,245. With €90,000 equity, €302,245 is left to finance, and the equity more than covers the incidental costs. All rates are example assumptions — the land transfer tax rate depends on the Bundesland.