Musketier
2015-02-16 09:48:27
- #1
20 years of fixed interest rate does not mean that the loan must be paid off afterwards.
At the current interest rate level, 4-5% annuity is sufficient for 2% repayment. At best, you can manage with a €1000 installment for €300,000.
You just have to be aware that the lower the interest rates are, the longer the term or the remaining debt after the fixed interest period with the same initial repayment.
However, €15,000 equity (which in the worst case should still be kept as a liquidity reserve for unexpected expenses) does not speak for a top interest rate.
How much of the [Grundstücksdarlehen] has already been repaid or how much equity is in it? ( = [Grundstückswert] minus remaining loan)
At the current interest rate level, 4-5% annuity is sufficient for 2% repayment. At best, you can manage with a €1000 installment for €300,000.
You just have to be aware that the lower the interest rates are, the longer the term or the remaining debt after the fixed interest period with the same initial repayment.
However, €15,000 equity (which in the worst case should still be kept as a liquidity reserve for unexpected expenses) does not speak for a top interest rate.
How much of the [Grundstücksdarlehen] has already been repaid or how much equity is in it? ( = [Grundstückswert] minus remaining loan)