How much is your Mortgage Repayment (2007)

Victor

How much is your Mortgage Repayment (€/month)

tbh

850 odd. I bought 6 years ago.

bugs90

Why is nearly everyone paying less than me:(

cruibin

445, bought 8 years ago!

Saruman

816 fixed for a year. I borrowed 176k in 05.
However i also borrowed for the 10% deposit so repayments of that included brings it up to over a grand. However its not a mortgage and that one will be paid in 3 years.

Ruu_Old

Something different and to compare to. Mine converted from US dollars (750) is ~570 eurons. I bought December '05, its locked so payment won't change.

Saruman

How much is the mortgage Ruu? And where in the US are you? Houses are generally cheaper there unless you are in California.

copacetic

its depressing to see I have moved up two categories since I took out my mortgage!!

although it is great to see AIB competing with NIB, that will help a little.

copacetic

why have 3 people moseyed in and voted for no mortgage?

Saruman

Might as well ask why the option is there

Ruu_Old

Saruman wrote:

How much is the mortgage Ruu? And where in the US are you? Houses are generally cheaper there unless you are in California.

Oh definitely, alot cheaper in this part of the country. I'm in central Illinois (fair bit of the land is farming), the mortage is $83,000.

copacetic

Saruman wrote:

Might as well ask why the option is there

to give the fools who feel left out a radio button to push??

Saruman

daveym wrote:

to give the fools who feel left out a radio button to push??

Then thats the answer to your last question

copacetic

Saruman wrote:

Then thats the answer to your last question

Touché!

jhegarty

503... moved in a year ago this week...

loismustdie

hi, am new to this form and interest in mortgages. i'm renting at the moment but seriously considering getting a mortgage. just wondering, are the amounts people are giving between themselves and their partners, ie the full mortgage on the house? unfortunately i'm a bit clueless on the topic

Mitzy

Mine is about €1,300 pm

djkeogh

just over 1,400 per month and haven't even moved in yet.

€220 a month, seven years to go!

kitty_kilkenny

should be 900 pm, but I'm accelerating it by paying 1,200 pm. I'm going to try and pay off the mortgage early - and give the bank less of my money in interest.

Victor

But manage you tax with it.

ixoy

It's interesting to see that for even the smallest shoebox out in the back end of somewhere like Balbriggan will cost first-time buyers, or want-to-be buyers like myself to be near the top end of this mortgage scale. An example of how terrifying it is for us now.

I'd speculate that it'd have to be in the depressing €1600 a month for 30 years at the current house prices.

445279.ie

€650pm and only 26 years to go!

Tonic07

33 years left at 1650pm till the next rate hike that is. Depressing stuff

cold_filter

1250ish!!
moving in next month, mortgage is managable even if another hike in rates happens, after that im not sure!!
as posted above hopefully once im settled and if rates go down i'll accelerate payments.

orchidsrpretty

mine is 1500€ with 22 years to go¬

infinitejest

I was on a one year fixed of (wait for it...) 3.25 and have just been bumped up to 5.2 variable. Was €744 per month and now will be around €950

The horror! :eek:

uberwolf

€1650 after interest relief.

c07

approx 800 and 31yrs to go...
will be changing mortgage shortly (selling house and building new one) - hopefully not having to borrow any more and accelerate payments to reduce term.

esmeralda

loismustdie wrote:

hi, am new to this form and interest in mortgages. i'm renting at the moment but seriously considering getting a mortgage. just wondering, are the amounts people are giving between themselves and their partners, ie the full mortgage on the house? unfortunately i'm a bit clueless on the topic

I'm also interested in knowing whether people are talking about paying on their own or sharing the cost with a partner - makes a heck of a difference! Also, instead of asking how much mortgage people are paying, I'd also like to see a poll on how much money people (individuals) have left to live on (net) after paying their mortgage, and then I would like to see posts explaining how they do it! (I need a few hints!!!....)

Just one last thing, when people say that interest rates need to go up to stablize house prices, it may do just that but the COST of buying a house continues to rise as interest rates do, unless you happen to have the money sitting in the bank... Can anyone with a better knowledge of economics (note my self-confessed total ignorance on the matter) explain that one to me? Suppose its something to do with macroeconmy taking precedence over microeconomy, but when the microeconomy in question is mine, I take exception!

sheepshagger

Agree if people are able to split their mortgage repayment 50/50 it makes athings a lot easier.

Am a Single FTB - EUR 920 a month. . but thats before the Interest Relief and luckily my employer gives me a mortgage subsidy. . .so only marginally more than I was paying in rent after those two are taken into account.

KdjaCL

410 20 years left.


kdjac

grahamo

stay at home wife, 4 kids. Mortgage is 1067 euro/month. Celtic tiger my arse. I'm worse off than I was 10 years ago!:mad:

John Mason

€920 after mortgage relief, have 22 years to go but am considering re-mortgaging and uping the amount i pay each month by €400 to try and pay it off earlier

joolsveer

Mine was about €500 and had nine years left to run until a couple of months ago when I was in the happy position of being able to pay it off.

Citizen Jake

Just about to go with a 1,624 pm mortgage with GF over 35 years., that's before relief. How much would mortgage interest relief be (rule of thumb)

Zaph

About €925 now, 25 years left. Goes up almost exactly €25 with every 0.25% rate hike. I'll have to find myself a woman who wouldn't mind paying half of it.

professore

Saruman wrote:

Then thats the answer to your last question

Maybe daddy / rich uncle gave them a house?

scargill

Citizen Jake wrote:

Just about to go with a 1,624 pm mortgage with GF over 35 years., that's before relief. How much would mortgage interest relief be (rule of thumb)

On a mortgage repayment that size I'm guessing you can avail of the full relief - so you should get €100 off that per month.

mini Maple

Originally Posted by Citizen Jake
Just about to go with a 1,624 pm mortgage with GF over 35 years., that's before relief. How much would mortgage interest relief be (rule of thumb)

well mine is 3190 pm and we get 291 euro pm. i hope this helps you!

scargill

CitizinJake, my reply above was misleading. I was basing my figures on a non-first-time-buyer. The max available for a first time buyer (a couple) is €16,000. 20% of that is €3200 which works out at around €266 per month. It depends on how much interest you are paying per annum. Check the revenue website for more details

amity island

yes indeed, the mortgage is fairly crippling us >2.5k pm

luckily ecb held back this week and it's nice to read from some quarters that present rates have peaked, and that a slow fall will ensue

miju

amity island wrote:

luckily ecb held back this week and it's nice to read from some quarters that present rates have peaked, and that a slow fall will ensue

not to put the shits up you or anything but the ECB have indicated that they will be returning to raising rates onces the current markets settle which may only take a month or two

SouperComputer

Just signed up for a 150K USD mortgage. 0% down, 6.15% fixed 30 year. Gotta love foreclosures/bank owned properties.

Home was appraised at 195-205K USD in its current state. Hopefully will be more when we raise the "finished" sq footage with the basement (Cinema room, hehe), finish the 2nd bathroom and redo the kitchen. The rate was 5.85% (subsidised by state scheme) but smart one here decided to inform the mortgage lender of the new job, thus pushing us out of the subsidised interest pay bracket . Got a call from the mortgage lender yesterday saying the new rate was 6.25%, I said call back when you can do better. They called back today with 6.15%. Splitting hairs I guess but you gotta ask these things!

Payment is $1215 a month which right now is about 820e.

Its a PITI (Principal, Insurance, Tax and Interest) payment, so all of that is rolled in. Over here you pay annual taxes based on the city's estimated value of your home. Its about 1800USD per year for this home. The actual mortgage payment (Ie no insurance or tax) is about (scratches head) $1000PM. We're waiting the final paperwork so ill edit when I have a more concrete figure.

Won't be long before properties like this appear in the homeland IMO.

I didnt vote as it will skew the results a little!

dubtom

While browsing files on my pc I came across an old accounts sheet i had done,with outgoings and incomings from 04 and 05.Sickenly,I see that my total outgoings then were less than my mortgage payment now.I remortgaged at the end of 05' for €2000K, costing now,with the recent increases €1330 per month.Before that I was paying €768 for a €120K mortgage. Total outgoings,not including household bills,was €1250 ish per month.I didn't realise how good I had it.

Cobsel

Check out the following link...

http://www.quote-engine.com/mortgage-payments-calculator.html

Gives you an idea of how much you can affect overall interest payment by bumping up repayments.

HashSlinging

1800..35 years

Kangaroopoo

We've just bought a new house in Castleknock which was reduced considerably, its maybe a little bigger than the average family home but nothing fancy by any means. And our mortgage will be about 3,700K but will be on interest only for the first two years so 2,200. Thought make me sick but we need to move to a bigger house, its roughly a third of our wages if we were to pay fuill 3,700K so we're banking on our wages going up over the years so it won't be so tight. Or we could lose our jobs who knows!!

ian_m

Kangaroopoo wrote: »

We've just bought a new house in Castleknock which was reduced considerably, its maybe a little bigger than the average family home but nothing fancy by any means. And our mortgage will be about 3,700K but will be on interest only for the first two years so 2,200. Thought make me sick but we need to move to a bigger house, its roughly a third of our wages if we were to pay fuill 3,700K so we're banking on our wages going up over the years so it won't be so tight. Or we could lose our jobs who knows!!

You are doing well to be able to afford that. Happy home owning.

Victor

New poll coming soon for 2008.