Hi
I'm terrible at figuring out this stuff.
But all the banks offer mortgages with different interest rates.
I struggle to figure out how much in Euro saving per year/over term of mortgage is achieved by a lower interest rate.
Eg: In the below example a lot of banks sites write it like below, with the cost per thousand over a term.
Can someone tell me, using below examples, how much I would save:
per year
over 20 year term
for the 3.30 rate and the 3.10 rate, compared with the 3.50 rate
I'm hoping it will give me a formula i can refer to going forward.
Variable Rates APRC over 20 years Cost per €'000 over 20 years
LTV Variable >80% 3.50% 3.58% €5.79
LTV Variable >50%<=80% 3.30% 3.37% €5.69
LTV Variable<=50% 3.10% 3.17% €5.59
I'm terrible at figuring out this stuff.
But all the banks offer mortgages with different interest rates.
I struggle to figure out how much in Euro saving per year/over term of mortgage is achieved by a lower interest rate.
Eg: In the below example a lot of banks sites write it like below, with the cost per thousand over a term.
Can someone tell me, using below examples, how much I would save:
per year
over 20 year term
for the 3.30 rate and the 3.10 rate, compared with the 3.50 rate
I'm hoping it will give me a formula i can refer to going forward.
Variable Rates APRC over 20 years Cost per €'000 over 20 years
LTV Variable >80% 3.50% 3.58% €5.79
LTV Variable >50%<=80% 3.30% 3.37% €5.69
LTV Variable<=50% 3.10% 3.17% €5.59