Loan Arrangement fees are blatantly ignored, plus some other details.
One example from an Austrian Bank, bankaustria.at - this is a typical example for Austria, all the fees would be prettythe same across the banks.
*In Addition* to the below, you have to expect 10-12% of the purchase price for legal fees.
Also, LTV usually 70-75% Max!
Example numbers when financing 200K over 25 years - 70% LTV, ie property price 285K roughly, plus 30K legal fees = 315K required,
Loan period: 25 Years
Interest rate: 1,5 % p.a. variable - 2.0% APR
Credit arrangement fees: EUR 4.000 (2% of loan amount)
Valuation Fee: EUR 1.250,- (0.625% of loan amount)
Costs of land registry entry: EUR 2.880,- (1.44% of loan amount)
Quarterly Account fees: EUR 16,20
Monthly repayment rate: EUR 807,33
Total amount paid out: EUR 191.814,30 (200k minus above costs)
Total repayment amount : EUR 242.139,22
Given total costs of 315K, you need to have around 125K *cash* for a property worth 285K
Compare this to Ireland:
Legal costs are usually say around 2000 Euro? May be 2500?
80% LTV not a problem, 90% if FTB.
So property costs 285K, plus 2.5K legal costs = 287,500
say 80% LTV = 57,500 Euro cash required
90% LV = 28,750 Euro cash required,