Is this calculated on total amount of mortgage or the remaining amount of mortgage?
For instance; A mortgage of 200,000€ was granted with 0% euribor and 0.4% of bank margin. 717€ was the monthly installment. During one year, 50,000€ was paid back as guy got lucky with lottery/some cash lying around in his mattress/rich grandma died. Next adjustment rate is with euribor 2.9% after a year. Would monthly installment be calculated based on remaining amount i,e 150,000€ or 200,000€?
How is eurbor calculated for loan?
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Re: How is eurbor calculated for loan?
The remaining amount.Oombongo wrote: ↑Wed Dec 14, 2022 4:35 pmIs this calculated on total amount of mortgage or the remaining amount of mortgage?
For instance; A mortgage of 200,000€ was granted with 0% euribor and 0.4% of bank margin. 717€ was the monthly installment. During one year, 50,000€ was paid back as guy got lucky with lottery/some cash lying around in his mattress/rich grandma died. Next adjustment rate is with euribor 2.9% after a year. Would monthly installment be calculated based on remaining amount i,e 150,000€ or 200,000€?