loteyajackson3254
New Member
To see if I can lower the mortgage costs, I'm thinking about 'interest resources'.
On various sites I come across that this is often less advantageous than it seems, which is why I wondered if I'm overlooking something.
My mortgage:
- Interest period still 15 years fixed at 3.15%
- approx. 320k remaining
We do not intend to move.
I can open the interest and fix the interest again for 20 years at 1.57%, for this I have to pay a 40k penalty or with penalty interest at 2.67%.
One-off costs (deductible) €250, saving of almost €70 gross p/m. I found a website for interest rates calculator.
At 1.57% interest I pay a total of approx. 390k over the remaining term of the mortgage, at 2.67 approx. 440k. The difference between interest means or paying the penalty is therefore a total of 10K to the disadvantage of interest means, with the advantage that I could do this immediately.
In addition, the (penalty) interest remains deductible, while I cannot fully deduct the one-off fine.
Are there other points that you should consider with interest means or is it actually just attractive is the information on certain advice sites simply incorrect?
On various sites I come across that this is often less advantageous than it seems, which is why I wondered if I'm overlooking something.
My mortgage:
- Interest period still 15 years fixed at 3.15%
- approx. 320k remaining
We do not intend to move.
I can open the interest and fix the interest again for 20 years at 1.57%, for this I have to pay a 40k penalty or with penalty interest at 2.67%.
One-off costs (deductible) €250, saving of almost €70 gross p/m. I found a website for interest rates calculator.
At 1.57% interest I pay a total of approx. 390k over the remaining term of the mortgage, at 2.67 approx. 440k. The difference between interest means or paying the penalty is therefore a total of 10K to the disadvantage of interest means, with the advantage that I could do this immediately.
In addition, the (penalty) interest remains deductible, while I cannot fully deduct the one-off fine.
Are there other points that you should consider with interest means or is it actually just attractive is the information on certain advice sites simply incorrect?
