You can evaluate your capabilities as follows. If you easily pay 32,000 rubles a month for renting an apartment, you can take out a mortgage at a rate of 8.5% in the amount of 3,500,000 rubles. If you have savings of 1,500,000 rubles, you can easily add up the two amounts and consider your options for buying an apartment https://www.onlinecasinosvizzera.com/recensioni/betway/.
Let's take an example. In 2018, rental rates began to rise, while the mortgage rate began to decline. This resulted in the following:
- the growth of the rent forced people to become interested in mortgages;
- the mortgage attracted new buyers;
– demand of buyers “dispersed” the prices.
Let me demonstrate this in calculations 2.
If in 2017 a one-room apartment in Moscow cost 3,700,000 rubles, at a rate of 10.5% and an initial payment of 700,000 rubles, the monthly payment amounted to about 32,200 rubles. An approximate overpayment of interest on a mortgage for 15 years of payment would be 2,800,000 rubles. This is an important fact. This means that the final cost of the apartment would be as follows: 3.700.000 + 2.800.000 = 6.500.000 rubles. Taking into account the investment in the renovation of the apartment, the final cost would be higher - 7,000,000 rubles.