Calculation of housing loan

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Instructions - Detailed Information - Loan Calculation

1 Basic information

  • The loan calculator helps you determine the amount of monthly payments and the total cost
  • You can calculate loans at a fixed interest rate for the first years and fluctuating for the rest.
  • The repayment plan details the payments and the distribution between capital and interest.

Method of calculation

The calculations are based on the following parameters:
  • Loan amount: The total amount you borrow
  • Interest Rate: The percentage at which interest is calculated
    • Fixed: remains unchanged for the period you have selected
    • Fluctuating: Based on 3-month Euribor plus margin (spread)
  • Duration: The repayment period of the loan in years
  • Law No. 128/1975: Added 0.12% to the interest rate in accordance with the Greek legislation

Fixed and Variable Interest Rates

  • Fixed interest rate: Provides predictability in repayment for a specific period
  • Fluctuating interest rate: Changes according to market conditions
  • Combination: You can choose a fixed interest rate for the first years and then a variable
  • The 3-month Euribor price is updated automatically but may be modified

4 The reimbursement plan

  • The repayment plan presents details for each portion:
    • Number and date of dose
    • How Much Dose
    • Analysis of interest and debt
    • Balance of capital after each payment
  • The calculations are made using the method of interest depreciation, where each rate includes interest.

5. Important Notes

  • The results are indicative and may differ from the final offer of the bank.
  • In the case of the fluctuating interest rate, future payments are estimated and based on
  • The total cost of the loan is influenced by various factors, including costs.
  • Advice from a professional financial advisor