At Moreno Schmidt we are able to provide help and advice on mortgages and work with all major banks, such as: Caixa Bank, Banco Mare Nostrum (BMN), Santander, Deutsche Bank, Bankia, Banco Sabadell (Solbank) y Banesto.
The table below can be used to calculate the average monthly repayment of a typical mortgage loan.
|1000€||15 years||20 years||25 years||30 years|
|3.00%||6.90 €/month||5.55 €/month||4.74 €/month||4.22 €/month|
|3.50%||7.15 €/month||5.80 €/month||5.06 €/month||4.49 €/month|
|4.00%||7.40 €/month||6.06 €/month||5.28 €/month||4.77 €/month|
Select the term and interest rate, then multiply the figure shown in the table by 150. For example, a 25 years mortgage at 3.5% per annum would cost 759 euros ( 5.06 x 150 )