Is this an over charge?

[riddles]

Hi,

I have a tracker mortgage with PTSB - the house price was 275K. I borrowed 135K in 2006. Current interest rate is 1% - I put the data through two mortgage calculators online and see a monthly repayment of 620€ per month but the current charge is 655.23€ per month.

Is the PTSB figure correct.

thanks,

Kevin

• Mortgage type
  Home Loan - Tracker - <60% <200K - ECB+0.95%

• Repayment details
• Repayment date
  26 Jul 15
• Principal & interest
  €655.23
• Insurance
  €13.27
• Total
  €668.50

 

[Gerry Canning]

k137 over 240 @ 1% is e620.
.....................................


Would there have been an ECB cost ie
ECB cost + .95%.

Remember its only in the last couple of years that ECB cost is zero.

So if your mortgage was .95% + ECB of .4% , your real rate = 1.35% = monthly 654.

 

[riddles]

Thanks Gerry.