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Mortgage & Repayments

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  • 25-08-2010 2:13pm
    #1
    YourAverageJoe
    Closed Accounts Posts: 136 ✭✭


    This is a very 'how long is a piece of string' thing but i am trying to get a feel for what the average monthly repayments people have are.

    Would 800 a month be a considered low and 1500 be considered high for example?


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    #2
    Mike2006
    Registered Users Posts: 689 ✭✭✭Mike2006


    Ì would think that it would be more or less the following:

    500 : Very low
    700-800 : Low
    1200-1500: Average
    1500-2000: High
    >2000: Very High

    But as you said, how long is a piece of string....


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    #3
    JuniorB
    Registered Users Posts: 379 ✭✭JuniorB


    YourAverageJoe wrote: »
    This is a very 'how long is a piece of string' thing but i am trying to get a feel for what the average monthly repayments people have are.

    Would 800 a month be a considered low and 1500 be considered high for example?


    Apples and oranges. Not sure what the context of your question is.
    It's all about affordability I guess. I'd agree with Mike's analysis given what the 'average' house price was over the last decade.

    Love the user name BTW..


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    #4
    jimmycrackcorm
    Registered Users Posts: 14,331 ✭✭✭✭jimmycrackcorm


    It's a pointless exercise because you also have to take into consideration how many years the mortgage is over.


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