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Help-Mortgage Repayments Over 30 Years

  • 10-03-2012 5:54pm
    #1
    superoil
    Registered Users, Registered Users 2 Posts: 17 ✭


    hi everyone. i know this is probably a very general question with no precise answer but if anybody here in the 'know' might be able to advise me on this. im thinking of applying for a mortgage of 350,000 to be paid over 30 years.
    now my question is, what would the monthly repayments be like over the 30 years? are we talking 1200 per month, 1500 or even more? if anybody here has any idea id love to know,
    thanks in advance
    Steve.


Comments

  • #2
    MickySticks
    Banned (with Prison Access) Posts: 1,177 ✭✭✭MickySticks


    12x30=360 payments.

    Depends on the interest, but I'd say €1,200 at least.


  • #3
    killers1
    Registered Users, Registered Users 2 Posts: 1,443 ✭✭✭killers1


    superoil wrote: »
    hi everyone. i know this is probably a very general question with no precise answer but if anybody here in the 'know' might be able to advise me on this. im thinking of applying for a mortgage of 350,000 to be paid over 30 years.
    now my question is, what would the monthly repayments be like over the 30 years? are we talking 1200 per month, 1500 or even more? if anybody here has any idea id love to know,
    thanks in advance
    Steve.

    Presuming you are looking at a loan to value over 80% the variable repayments are;

    AIB 3.24% - €1,522pm
    BOI 3.75% - €1,617pm

    These repayments are before any tax relief at source you might be entitled to are factored in...

    If you loan to value is lower than 80% let me know and I'll give you the appropriate repayments...


  • #4
    3DataModem
    Registered Users, Registered Users 2 Posts: 4,077 ✭✭✭3DataModem


    And bear in mind, over 30 years your average interest rate is likely to be a LOT higher than 3.5%.


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