The green loan started just a few weeks ago, but the interest in it is already huge. What is your success? On the one hand, in that it can also be combined with CSOK, so that family members can also obtain interest-free treatment. The economic benefits are supported by concrete calculations by Duna House Finance experts.
In fact, a new apartment is always more expensive than a used property of the same size in the same neighborhood. However, you can claim more subsidies for it, such as a 5% VAT refund or a higher CSOK amount. In addition, if the selected apartment is green compatible (ie with an energy rating of at least BB and a maximum annual energy consumption of 90 kWh / m2), the customer can apply for the loan required for its purchase on better interest terms. Thus, families with two children – from the same deductible and monthly installment – can buy an apartment up to HUF 13 million more expensive, if it is newly built and meets the green conditions. In the case of families with three or more children, this difference can be as much as HUF 21 million, without interest rate risk. How is it possible?
“We have optimized our calculations for families with two or at least three children, who are entitled to the Baby Wait in addition to CSOK and also need the Green Loan to buy a new apartment,” began Krisztián Fülöp, Head of Finance at Duna House. “In these cases, families are already optimally looking for 3-4-room properties that are at least 75 square feet in size, so they are of high value. The most important parameter of borrowing is how much customers can spend per month for housing. For example, if both parties receive an average net wage, ie they receive HUF 290,200 per person, the household’s earnings will still be HUF 580,400 per month. Up to 60% of this amount could be spent on credit under the current legal and banking regulations, but a security scheme of less than HUF 300,000 can be used to pay the installments. ”
The calculations of Duna House Finances were based on the HUF 10 million deductible and the fixed 20-year term for Babavár and the fixed 25-year term for CSOK and Zöldhitel. Thus, families with two children can spend almost 72.5 million on a used apartment, while if they are thinking of a newly built apartment, this amount can be more than 85.5 million forints. Thanks to the interest-free CSOK associated with the green loan and the more favorable market loan fee.
In the case of families raising three or more children, the monthly installment would be slightly more than HUF 1,300 more favorable than for households with two children, so they can earn up to HUF 73.2 million in the value of the selected property. However, when buying a new apartment – taking advantage of the favorable interest rate of the new green loan and the VAT refund – they can contract for real estate of up to HUF 94.5 million, while the amount of their monthly installment payment would increase by only HUF 522.
The arithmetically presented loan schemes can be covered by two average earnings, and based on the experience of Duna House Finance experts, loans of this amount are more likely to be taken out by families with above-average income.
Source: Ingatlanhírek by ingatlanhirek.hu.
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