January 31st, 2018
|Interest Only Mortgage||€97.288|
|Savings balance attached to Savings Mortgage*||€14.596,49|
|Total Mortgage including Savings in Savings Mortgage||€276.346,63|
27,37% of the mortgage is now paid off, we have 72,63% still outstanding.
We purchased our house in December 2016 for €380.000
* The €80.000 mortgage remains outstanding until the end of the 30-year loan. Attached to this mortgage is a blocked savings account where we save for 30 years and receive the same interest as the interest rate that we’re paying on the mortgage. After 30 years there is €80.000 in the account and we pay that part of the mortgage off.