How is eurbor calculated for loan?

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Oombongo
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How is eurbor calculated for loan?

Post by Oombongo » Wed Dec 14, 2022 4:35 pm

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€?


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How is eurbor calculated for loan?

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betelgeuse
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Joined: Thu Aug 29, 2013 1:24 am

Re: How is eurbor calculated for loan?

Post by betelgeuse » Wed Dec 14, 2022 9:20 pm

Oombongo wrote:
Wed Dec 14, 2022 4:35 pm
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€?
The remaining amount.


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