And do you need this? Buying a one-room apartment on credit for 30 years, people will pay for 6 apartments — experts

RBC Real Estate experts calculated the overpayment for market mortgages for different loan terms. Calculations were made for a loan in the amount of 11 million rubles at a rate of 25.4% per annum.

In Moscow to register mortgage for 10 years To buy a one-room apartment in a new building, you need an income of 422.3 thousand rubles per month or a comparable income of all co-borrowers. The borrower will pay 253.4 thousand rubles monthly, and the bank will receive 63.8% in the form of interest.

Over 10 years, you will need to pay 30.4 million rubles. This is 1.9 times the cost of the apartment.

Mortgage for 20 years can be obtained with an income of 390.6 thousand rubles per month. The borrower will pay 234.4 thousand rubles per month, and the bank will receive 80.4% of the amount as interest. The overpayment will be 56.2 million rubles. This is 3.5 times the cost of the apartment.

Mortgage for 30 years the bank will approve with an income of 388.3 thousand rubles per month. The monthly payment will be 233 thousand rubles. Bank interest is 86.9%. The borrower will pay a total of 83.9 million rubles for servicing the mortgage. This is more than 5.2 times the price of an “odnushka”.

At current market rates, overpayment will be critical for any loan period, experts interviewed by the publication are confident. Irina Nosova, senior director of the ACRA group of financial institution ratings, notes that now people take out a mortgage only if the housing issue is acute. Now banks are issuing non-mass and non-standard loans with a large down payment, says Yuri Belikov, managing director of the Expert RA rating agency.

source: CYANOGEN