HilfeHilfe
2015-10-23 08:26:03
- #1
I put the data into an annuity calculator for you.
250,000 euros loan
900 euros monthly installment
results:
On the left the assumptions and on the right some results.
The house is only paid off after more than 35 years and after 20 years there is still more than half of the loan amount remaining as outstanding debt.
I consider the tip to save for 1 to 2 years very sensible. Then you will definitely have a good emergency fund and the insight whether you are able to manage the amount every month.
Amount to save:
assumed house installment: 900 euros
assumed incidental house costs: 300 to 400 euros
assumed sensible reserves build-up, once you have the house: 150 euros
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That is 1350 to 1450 euros that would be due monthly if you had a house. Minus the rent you currently pay, which I believe is 700 euros, you should actually be able to put aside at least 650 to 750 euros monthly from now on.
Hello, great calculator. Is it accessible to everyone? If yes, please provide the link...