Illustrative Average Monthly Mortgage Payment

26 874 CZK
Current value
26 540 CZK
Last Month's Value

Commentary by the Czech Bar Association

For example, the impact on the average monthly new mortgage payment of approximately 26,900 CZK, with a median of 21,6,000 CZK. The combination of a rise in interest rates and a higher average mortgage amount in October 2026, compared to the average values from 2025, increased the average monthly payment on a newly issued mortgage by 4,2,000 CZK.
The rise in mortgage rates by nearly 0.7 percentage points 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 -1,800 CZK to approximately 26,900 CZK. Compared to the average mortgage rate of 5.07% in 2024, the change due to the interest rate amounted to just under -500 CZK for a mortgage at its current average value.
However, the current average mortgage amount was 11% higher than its average amount in 2025, which contributes to an increase in the monthly payment of 2,600.
The impact of the interest rate on expiring fixed-rate periods varies in terms of mortgage trends, depending on the year in which the interest rate was fixed. Illustrative examples? Compared to the average 2.33% mortgage interest rate for new mortgages in 2021, the current mortgage rate for refinancing of 5.17% —when the loan term is shortened—increases the monthly payments on an average mortgage by nearly 4,100 CZK, or about 7.8% of the current average gross wage. However, that wage has increased by 35% compared to the end of 2021. Conversely, the current interest rate would reduce the monthly payment on a 2023 mortgage with an interest rate of 5.82% by about 1,100 korunas. In 2027, mortgage refinancing from 2024 with an interest rate of 5.11% will dominate, with the current interest rate level representing an increase of approximately 192 koruna. We discussed the impacts and circumstances in Fokus ČBA: The Wave of Mortgage Refinancing Is Gaining Momentum, but the Interest Rate Shock Is Easing. Higher inflation remains a risk. - https://www.cbamonitor.cz/aktuality/vlna-refixaci-hypotek-sili-urokovy-sok-ale-slabne-rizikem-zustava-vyssi-inflace

Illustrative Average Monthly Mortgage Payment

CBA Monitor
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Source of primary data

ČBA Hypomonitor

Category

ČBA Hypomonitor

Data Frequency

monthly

Note

The first time series—red—reflects the average interest rate and the average amount of newly issued mortgages from the ČBA Hypomonitor.
The second time series—orange—for a 2.66 million koruna mortgage reflects the average mortgage amount from January 2020 according to the ČBA Hypomonitor.
The difference between the red and orange monthly payments now reflects the impact of the varying mortgage loan amounts over time compared to the average loan amount from January 2020 (2.66 million CZK).

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CBA Hypomonitor: September Stabilization at a Higher-than-Normal Rate of 5.1%
Jaromír Šindel 14. 10. 2026

Compared to August, their volume increased by 5%, even though in recent years it has typically declined month-over-month in September

CBA Hypomonitor: Higher Rates Cooled the Mortgage Market in July, but Not Its Strength
Jaromír Šindel 14. 08. 2026

The average mortgage rate rose to 4.9%. The July mortgage figures reveal four main trends. First, both the number and volume of new mortgages have stabilized at lower, but still strong, levels. Second, the rise in actual mortgage rates remains gradual compared to market rates. Third, rates on refinanced mortgages no longer deviated downward as significantly as they did in May and June. And fourth, the likely lower share of investment mortgages contributed to a further decline in the average amount of new mortgages.

CBA Hypomonitor: Higher Rates and Regulations Slowed Mortgage Growth, but the Market Remained Strong in June
Jaromír Šindel 17. 07. 2026

The average interest rate on new mortgages rose to 4.79%, while the average mortgage amount fell back below 4.7 million crowns. Banks and building societies issued new mortgages (excluding refinancing) totaling 36.5 billion crowns. After months of exceptionally strong mortgage activity, June saw a clear return to the robust normal levels seen in the second half of last year. In the first half of the year, the volume of new mortgages reached 216 billion crowns, which is 66 billion more than last year. Higher market interest rates and expensive real estate remain the main obstacles.

CBA Hypomonitor: A slight increase in the mortgage rate to 4.67% sustained solid activity in May
Jaromír Šindel 12. 06. 2026

In May 2026, banks and building societies actually issued new mortgages (excluding refinancing) totaling CZK 38.1 billion.

CBA Hypomonitor: April also rewrote mortgage highs with still low rate of 4.52%
Jaromír Šindel 18. 05. 2026

Average mortgage rate rises to 4.52%

Stronger wave of mortgage refixing, while the interest-rate shock eases. Higher inflation remains a risk.
Jaromír Šindel 13. 05. 2026

This year is bringing a strong wave of expiring mortgage rate fixations, while the shorter fixation periods agreed in recent years will further increase these volumes in the years ahead. Building on the central bank’s latest estimate that mortgage fixations worth an average of CZK 534 billion per year will expire between 2026 and 2028, we present alternative interest-rate shock scenarios depending on the path of mortgage rates. In 2027–2028, the negative interest-rate shock is expected to ease to 0.1–0.6 percentage points, down from 1.1–1.4 percentage points this year. However, we also outline a more adverse scenario involving a stronger interest-rate shock. This year, the negative interest-rate shock affecting expiring mortgage fixations from the low-rate period will amount to roughly 3.5% of the average household income of mortgage applicants, although across all households the average impact will be about half that level. In both cases, the expected real growth in wages and salaries should be sufficient to offset the shock.

CBA Hypomonitor: March continued with a temporary boom in mortgages, thanks to a lower rate of 4.43%.
Jaromír Šindel 16. 04. 2026

The average amount of a new mortgage exceeded CZK 4.8 million

CBA Hypomonitor: February continued with a temporary boom in mortgages, at a rate of 4.46%.
Jaromír Šindel 13. 03. 2026

February ranked among the five strongest mortgage months ever in terms of volume in billions of crowns, but also with a continued strong number of new mortgage originations.

CBA Hypomonitor: Lower June rate to 4.56% brought a recovery in new mortgages
15. 07. 2025

In June 2025, banks and building societies granted new mortgages worth CZK 29.4 billion.

CBA Hypomonitor: April stabilized strong mortgage rates at 4.65%
16. 05. 2025

Despite the slight correction, April continued to see strong volumes of new mortgages supported by another slight decline in the average mortgage rate to 4.65%.

CBA Hypomonitor: Spring mortgage boom with a slight drop in interest rates
14. 04. 2025

March continued to see strong new mortgage volumes supported by another slight fall in the average rate to 4.68%