1962Michael t1_jeagt8u wrote on March 30, 2023 at 4:25 PM Reply to Is it normal to pay an extra 66% of a home loan back to your bank? by TenDogsInATrenchcoat 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. Permalink 1
1962Michael t1_jeagt8u wrote
Reply to Is it normal to pay an extra 66% of a home loan back to your bank? by TenDogsInATrenchcoat
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.