Mortgage simulation
- Amount borrowed - €
- Type of credit
- Duration - months
- Borrowing rate * - % *
- Total amount payable - €
Representative example: Mortgage loan for real estate purposes for the purchase of a property in Belgium fully covered by a mortgage (80% loan-to-value ratio) for a borrowed amount of €100,000 over a period of 20 years with the rate fixed throughout the duration of the loan.
Annual borrowing rate: 2%
The APR (Annual Percentage Rate) is 3.23%, including:
- - the fixed annual borrowing rate (2.00%),
- - the application fee (€350),
- - the cost of the surveyor’s report (€200),
- - property transfer tax (€1,100),
- - the mortgage registration fee (€330),
- - the mortgage registrar’s fee (€210),
- - the notary’s administrative costs (€1,150),
- - VAT on taxable items (€220),
- - the annual premium for the loan protection insurance (€250/year) for 2/3 of the duration (13 years) (N-F 35-year rate)
- - fire insurance (house with 2 façades and 6 rooms) (€289/year)
- - the fixed monthly repayment is €505.03 for 240 months, the total amount of capital + interest is €121,207.
The total cost of the operation is €133,797.
The amounts and rates are given for information purposes only. This simulation is not a contractual document, and is not binding on the client, the broker or the lending institution. For more information, please contact our office.