Submitted by TenDogsInATrenchcoat t3_126nqo7 in personalfinance
1962Michael t1_jeagt8u wrote
Using the PMT function in MS Excel, it looks like your interest rate on that €250,000 is less than 3% APR.
If you mean the loan is €250,000-27,000 = 223,000 then your interest rate is more like 3.65%.
Both are actually really good deals right now, but you have to understand how prepayment would work.
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