To make the example that
develops below have been taken into account the following conditions:
· Mortgage variable
rate referenced to Eurνbor, with constant and amortization increased quota.
· Housing used.
· Housing Price:
200.000 .
· Value pricing of
housing: 180.000 .
· Mortgage 80% of
value pricing: 144,000.
· Term: 20 years.
· Interest rate:
Eurνbor + 0.48%. The interest rate is reviewed annually.
· Opening
Commission: 0.25%.
· Commission
cancellation: 1%.
· The transaction
costs of buying and selling
|
Concept
|
Amount
|
Commentary
|
|
Inheritance Tax (ITP)
|
14000.00
|
It applies 7%, which is
certainly common in both the regions without special conditions.
|
Notary
|
430.24
|
The amounts vary between a
notary offices and some others.
|
|
Property Registry
|
196.51
|
This amount corresponds to
the change in ownership in the land register. Prices may vary depending on
the territory.
|
Gestorνa
|
620
|
Prices are approximate
agency as they may vary from one another.
|
Mortgage
costs
|
Concept
|
Amount
|
Commentary
|
|
Taxes documented legal
(IAJD)
|
1440.00
|
This amount is the result
of applying the 0.5% to the total amount guaranteed, ie the loan, plus
interest, plus costs.
|
Notary
|
577.68
|
This is an approximate
amount because it can vary from one to another notary.
|
|
Property Registry
|
154.50
|
This amount corresponds to
the entry in the land register of the mortgage-related property. Los precios pueden
variar segϊn el territorio. Prices may vary
depending on the territory.
|
|
TStar
|
237.80
|
The amount of the appraisal
is based on the value pricing of housing and its surface.
|
Commission opening
|
360.00
|
Under the terms of the
mortgage committee opening is 0.25%.
|
Gestorνa
|
298.00
|
This amount is approximate
because it can vary from a few other financial services.
|
Initial
share of the mortgage
The following table indicates
the payment of the mortgage for each year since the revision of the reference
rate is annual.
|
Year
|
Quota
|
Amortization
|
Interest
|
Capital
slope
|
Capital
amortized
|
|
1
|
923.50
|
364.30
|
559.20
|
143635.70
|
364.30
|
|
2
|
961.45
|
361.46
|
599.99
|
139172.35
|
4827.65
|
|
3
|
961.45
|
380.56
|
580.90
|
134711.68
|
9288.32
|
|
4
|
961.45
|
400.66
|
560.79
|
130015.31
|
13984.69
|
|
5 5
|
961.45
|
421.84
|
539.62
|
125070.79
|
18924.21
|
|
6
|
961.45
|
44
444.12
|
517.33
|
119015.02
|
24984.98
|
|
7
|
961.45
|
46
467.59
|
493.86
|
114384.18
|
29615.82
|
|
8
|
961.45
|
492.30
|
469.15
|
108613.75
|
35386.25
|
|
9
|
961.45
|
51
518.31
|
443.14
|
102538.41
|
4
41461.59
|
|
10
|
961.45
|
545.70
|
415.76
|
96142.07
|
47857.93
|
|
11
|
961.45
|
574.53
|
386.92
|
89407.76
|
54592.24
|
|
12
|
961.45
|
6
604.89
|
356.57
|
8
82317.63
|
61682.37
|
|
13
|
961.45
|
6
636.85
|
324.60
|
74852.86
|
69147.14
|
|
14
|
961.45
|
670.50
|
290.95
|
66993.67
|
77006.33
|
|
15
|
961.45
|
705.93
|
255.53
|
58719.22
|
85280.78
|
|
16
|
961.45
|
743.23
|
218.23
|
50007.56
|
93992.44
|
|
17
|
961.45
|
782.50
|
178.96
|
40835.59
|
103164.41
|
|
18
|
961.45
|
823.84
|
137.61
|
31179.00
|
112821.00
|
|
19
|
961.45
|
867.37
|
94.08
|
21012.17
|
122987.83
|
|
20
|
961.45
|
913.20
|
48,25
|
10308.15
|
133691.85
|
The
share number 12 in the year 20 is the last of the mortgage loan. The amount of
the fee is 961.45, like the previous ones, of which 947.34 relate to the
amortization and interest are 4.12 Following this payment pending capital is
0 .
In this instance mortgage
interest rate variable, with constant and amortization increased quota, is paid
a large percentage of interest during the initial assessments, and the
amortization of capital is very low at the beginning.. This increases according
diminish interest in moving the deadline.
The current market trend
in recent months, marking a rise of benchmark indices. The example Eurνbor mark
a rise of 0.5 points from the second year. The remaining are assumed to its
value remains constant.
Faced with such a rise in the
benchmark, so as not to extend the deadline for more than 20 years, increasing
the monthly fee from the second year. This is a common solution used by
financial institutions for mortgage interest rate variable referenced to
Eurνbor.
|
