Are the financial resources really sufficient??

  • Erstellt am 2014-12-26 18:16:38

Musketier

2015-01-08 18:32:09
  • #1
I have not read all the posts and therefore do not know if the special repayment of 5000€ is made consistently. If so, then you probably have a calculation error in there.



12x735€=8820 rate/year
Special repayment = 5000€/year

that makes a total payment of 276,400€ in 20 years minus your calculated interest of 52,680€ equals 223,720€ principal repayment, although you only took out 200k€. According to my calculation, you would already be done after about 18 years with approx. 47k€ interest costs.



That fits.



12x993.33€=11,919.96 rate/year
Special repayment = 5000€/year

that makes a total payment of 338,400€ in 20 years minus your calculated interest of 56,178€ equals 282,222€ principal repayment, although you only took out 250k€. According to my calculation, you would already be done after about 18.5 years with approx. 60.6k€ interest costs.
 

EveundGerd

2015-01-08 18:40:32
  • #2
Mh... I still have to recalculate later. Although I've already double-checked the numbers, the devil is always in the details. But you're aware that in the example there is a remaining debt after 20 years, right? I assumed a yearly payment for the special repayment. Reality usually looks different.
 

EveundGerd

2015-01-08 18:57:42
  • #3
You are right! I must have mistyped when entering it into the system. No idea what else could have gone wrong there. ops:
 

Effzeh

2015-01-08 19:25:12
  • #4
More and more numbers...

But that still can't be quite right.
As a comparison:
My offer at €235,000 (interest: 2.37% / repayment: 2.98% / 25 years) results in a rate of €1,041.
The offer created here at €250,000 (interest: 2.41% / repayment: 3.55% / 25 years) is supposed to result in a rate of €993.33 and be finished even sooner than my offer??
Am I making a mistake in reasoning or is something getting mixed up here??
 

backbone23

2015-01-08 19:45:02
  • #5


Yes.

2.41% interest + 3.55% repayment = 5.96%

5.96% of 250 K€ = €14,900

Divided by 12 months, this results in a monthly annuity of ~€1,240.
 

Effzeh

2015-01-08 19:54:07
  • #6
The remaining debt of the loan made here (250,000€/ interest: 2.41%/ installment: 993.33€/ 25 years) amounts to 48,060.58€ according to the online calculator, and the interest paid is 96,059.58€. This should now be correct and reasonable. Or??
 

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