What Is The Average Monthly Mortgage Payment?

Discussion in 'Mortgages and buying and selling homes' started by Wishes, 11 May 2010.

  1. Wishes

    Wishes Frequent Poster

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    I know this is a far flung question but I'm wondering what the average person is paying monthly on their mortgage.

    I'm currently paying 1500 euro so that is why I was skeptical whether I should fix or not and at what rate. I certainly couldn't afford to be paying any more.
     
  2. woodbine

    woodbine Frequent Poster

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    442
    Ours is €1300 after TRS. (would be €1480 ex TRS)

    Our fixed will be ending in the autumn, so hoping to get a better rate than current (5.2% EBS)
     
  3. mrblues

    mrblues Frequent Poster

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    We're at €2354 net of TRS - 4.8 Fixed for 5 Years ending 2012.
     
  4. fizzelina

    fizzelina Frequent Poster

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    We pay €1,035 net of TRS (would be €1,209 ex TRS) It's 2.95% fixed for 2 years ending Feb-2012
     
  5. spreadsheet

    spreadsheet Frequent Poster

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    I'm paying €1100 after TRS. I'm on a 3% rate.
     
  6. pinkyBear

    pinkyBear Frequent Poster

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    We pay 2100 - with TRS, of €90 odd ..
     
  7. Eithneangela

    Eithneangela Frequent Poster

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    We're paying €2,100 exclusive of TRS - but reckon there's no real average - depends on term, type of mortgage etc. If you're only interested in fixed mortgage, then my info is of no use to you.
     
  8. NorfBank

    NorfBank Frequent Poster

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    When deciding whether to fix or not, you should just look at your own circumstances, ignore what other people are paying as their circumstances will be individual to them.

    You have answered your own question. If you cannot afford to be paying any more then fix, simple as that, rates are rising, your repayments will increase. It will cost more initially to fix but you are paying for security and also preserving your credit rating.

    www.moneybackmortgages.ie
     
  9. fobs

    fobs Frequent Poster

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    It depends on your monthly net income and lyou ability to cope with a rate increase. We pay €920 a month. No trs anymore but we pay this on one income. We have a tracker of .75% above the ecb so would never fix!
     
  10. rumble

    rumble Registered User

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    11
    Hi, we have come off a fixed rate of 4.89%. We were on a variable rate of 2.77% with BOI then we decided to go fixed again for 3 Yrs at a rate of 3.60%. We pay 650 a month.
     
  11. Protocol

    Protocol Frequent Poster

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    I pay 520 per fortnight, at ECB + 0.5% = 1.5% currently.

    That's equivalent to 1126 pm.
     
  12. jhegarty

    jhegarty Frequent Poster

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    €484.84 net of TRS on ECB + 0.79
     
  13. niceoneted

    niceoneted Frequent Poster

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    I pay 690, no TRS, rate is ECB +0.5 therefore 1.5%.
    Balance 124K 17 yrs remaining.
     
  14. fizzelina

    fizzelina Frequent Poster

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    Gosh I am jealous reading about these ECB +0.5% tracker rates! Those people who recently purchased haven't a chance of rates like that. But then I suppose alot of the people with great trackers also have possible negative equity. Just a thought I could well be wrong.
     
  15. PyritePete

    PyritePete Frequent Poster

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    380
    Hi there, can you tell me which bank/society you are with (if you dont mind)...i have tried to pay our mortgage fortnightly before but was refused out of hand & I tried everything !!
     
  16. niceoneted

    niceoneted Frequent Poster

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    Fizzelina, No not in negative equity. about 80k off it. so not so bad. I only got that tracker rate 3 yrs ago when I switched provider.
     
  17. fizzelina

    fizzelina Frequent Poster

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    well done niceoneted! that's a great rate and even better when there's no neg equity!
     
  18. csirl

    csirl Frequent Poster

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    c.1,500pm, ECB + 0.75 tracker.
     
  19. Protocol

    Protocol Frequent Poster

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    I have an LTV tracker rate mortgage with NIB.

    They offered the lowest tracker margin at ECB + 0.5%, so I moved bank to get their mortgage.

    They also offer fortnightly repayments.
     
  20. PaddyW

    PaddyW Frequent Poster

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    1,270
    €407 per month after TRS. Currently on fixed rate of 5.24%. Will be off this in January next year and moving to ECB +1.25%. No idea what the payment will be at that stage, considerably less I imagine though.