Commentary by the Czech Bar Association
For example, the impact on the average monthly new mortgage payment of approximately 25,800 CZK, with a median of 20,7 thousand The combination of an interest rate increase and a higher average mortgage amount in June 2026, compared to the average values from 2025, increased the average monthly payment on a newly issued mortgage by 3.1 thousand CZK.
The rise in mortgage rates by 0.2 percentage points from their 2025 average of 4.58% resulted, for an average mortgage size with its typical repayment term of nearly 27 years, an increase in the monthly payment of just under 600 CZK to approximately 25,800 CZK. Compared to the average mortgage rate of 5.07% in 2024, the change due to the interest rate amounted to just under 800 Kč for a mortgage at its current average value.
However, the current average mortgage amount was 11% higher than its average amount in 2024, which contributes to an increase in the monthly payment of 2,600.
Conversely, compared to the average 2.33% mortgage interest rate for new mortgages in 2021, the current refinancing rate of 4.63% —when the loan term is shortened—increases the monthly payments on an average mortgage by more than 3,100 CZK, or about 6.1% of the current average gross wage. However, the average gross wage has increased by 33% compared to the end of 2021.
Illustrative Average Monthly Mortgage Payment
Source of Primary Data
ČBA HypomonitorCategory
ČBA HypomonitorData Frequency
monthlyNote
The first time series—red—reflects the average realized interest rate and the average amount of newly granted 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 payments now reflects the impact of the varying mortgage loan amounts over time compared to the average loan amount from January 2022 (2.66 million CZK).
Příbuzné grafy
