Comment by the Czech Bar Association
For example, the impact on the average monthly mortgage payment of approximately 26,300 CZK. The combination of rising interest rates and higher average mortgage amounts in May 2026, compared to the average values from 2025, increased the average monthly payment on newly issued mortgages by CZK 3,600.n A rise in mortgage rates of nearly 0.1 percentage point from their average of 4.58% in 2025 resulted, for an average mortgage size with its typical repayment term of nearly 27 years, an increase in the monthly payment of just under CZK 200 to approximately CZK 26,300. Compared to the average mortgage rate of 5.07% in 2024, the change due to the interest rate amounted to just under CZK 1,100 for a mortgage at its current average value.
However, the current average mortgage amount is 15% higher than its average amount in 2024, which contributes to an increase in the monthly payment of 3,400
Conversely, compared to the average 2.33% mortgage interest rate for new mortgages in 2021, the current refinancing rate of 4.52% , when the loan term is shortened, increases the monthly payments on an average mortgage by nearly 3,100 CZK, or about 5.9% of the current gross average wage.
Illustrative average monthly mortgage payment
Source of primary data
ČBA HypomonitorCategory
ČBA HypomonitorData frequency
monthlyNote
The first time series—red—reflects the average interest rate and the average amount of newly granted mortgages from the ČBA Hypomonitor.The second time series—orange—for a 2.66 million CZK mortgage reflects the average mortgage amount from January 2020 according to the ČBA Hypomonitor.
The difference between the red and orange payments now reflects the impact of the varying mortgage loan amounts over time compared to the average loan amount from January 2022 (CZK 2.66 million).
Příbuzné grafy
