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DeluxeXL t1_jea53yz wrote

Reply to comment by Stebanoid in Is it normal to pay an extra 66% of a home loan back to your bank? by TenDogsInATrenchcoat

>Loan of €250,000 €27,000 initial deposit Pay back ~€900 per month for 38 years

=RATE(38*12,-900,250000)*12

The interest rate is actually only 2.8622%. Putting any extra money into US Treasury is going to be more profitable than paying the loan. Until the rates change anyway.

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Stebanoid t1_jeahnog wrote

Yeah. It seems that I was too sloppy when calculating APR %)

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