Offer | BOI 5 year | UlsterBank 4 year | BOI 3 year | PTSB 5 Year | KBC 3 year | 3.1% LTV Rate | PTSB 3 year |
Initial Rate | 3.00% | 2.60% | 3.00% | 3.20% | 3.19% | 3.10% | 3.20% |
Roll-to Rate | 4.20% | 3.30% | 4.20% | 4.00% | 3.10% | n/a | 4.00% |
Fixed Term (Months) | 60 | 48 | 36 | 60 | 36 | n/a | 36 |
Total (Months) | 300 | 300 | 300 | 300 | 300 | 300 | 300 |
Cash Back Y 1 | 6,000.00 | 1,500.00 | 6,000.00 | 6,000.00 | 3,000.00 | 3,000.00 | 6,000.00 |
Cash Back Y 5 | 3,000.00 | 0 | 3,000.00 | 0 | 0 | 0 | 0 |
Total Interest 4 years | €29,549.72 | €27,742.51 | €30,479.44 | €30,685.91 | €32,595.37 | €32,575.10 | €31,688.95 |
Total Interest 5 years | €34,726.71 | €36,269.70 | €38,272.43 | €39,132.03 | €40,628.00 | €40,803.15 | €41,979.84 |
An interesting spreadsheet, but you don't need a spread sheet to show that fixing with Ulster Bank at 2.6% for four years is cheaper than fixing with AIB for 4 years at 3.75%!
Hi Red Onion
The UB rate applies to people borrowing over €300k.
So I wonder if the difference on a mortgage of €200k would be sufficient to persuade me to recommend BoI over a variable rate with EBS.
Would it be easy to adapt your spreadsheet to compare, say EBS, KBC and BoI for a €200k mortgage?
Brendan
Offer | BOI 5 year fixed | KBC LTV | BOI 3 year Fixed | EBS LTV |
Initial Rate | 3.00% | 3.10% | 3.00% | 3.50% |
Roll-to Rate | 4.20% | N/A | 4.20% | N/A |
Fixed Term (Months) | 60 | 300 | 36 | 300 |
Total (Months) | 300 | 300 | 300 | 300 |
Cash Back Y 1 | 4,000.00 | 3,000.00 | 4,000.00 | 4,000.00 |
Cash Back Y 5 | 2,000.00 | 0 | 2,000.00 | 0 |
Total Interest 4 years | €19,699.81 | €20,072.14 | €20,319.63 | €21,974.72 |
Total Interest 5 years | €23,151.14 | €25,380.02 | €25,514.96 | €27,965.72 |
Total Interest 9 years | €49,349.83 | €44,600.24 | €51,942.07 | €49,709.59 |
Done, based on 5 year cost. (I've decided I hate editing tables!)Any chance of putting them in lowest rate order - either by 4 years or 5 years?
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