Your Mortgage Is Costing You £600,000. Here Is the Number That Changes It.

12 Просмотры

  • Спасибо! Поделитесь с друзьями!

    Вам не понравилось видео. Спасибо за то что поделились своим мнением!

admin
Издатель
Ep26. Most mortgage holders never calculate the total interest they will pay. The number changes the decision.

The average UK first-time buyer mortgage in 2024: £220,000 at 5.2% over 25 years. Total repayment: £391,000. Interest alone: £171,000. A £300,000 mortgage at 5% over 25 years costs £531,000 in total. Overpaying £200 per month saves £87,000 in interest and 6 years. The same £200 per month invested over 25 years at the 30-year historical index average produces £162,000. The decision is a rate comparison — not a values question. Below 4%: the data favours investing. Above 6%: overpay. Between 4–6%: split. Your mortgage rate is the answer. (Bank of England MLAR 2024 · MSCI World)

Note: this framework assumes standard risk tolerance. If eliminating debt matters more to you than expected returns, overpaying is the right choice at any rate.

Категория
Калькулятор кредита
Комментариев нет.

Следующее