Irish paying at least €80,000 more on €300,000 mortgage than EU counterparts

New figures from Central Bank indicate average new mortgage rate fell to 2.98% in July

Irish mortgage holders can expect to pay €454,000 back on a €300,000 mortgage while those in the euro area can expect to pay back €374,000.

Irish mortgage holders can expect to pay €454,000 back on a €300,000 mortgage while those in the euro area can expect to pay back €374,000.

New Irish mortgage holders can expect to pay at least €80,000 more than their European counterparts on a €300,000 mortgage over the course of 30 years.

Analysis from Brokers Ireland, a lobby group representing 1,250 brokers, found that on a rate of 2.98 per cent, Irish mortgage holders can expect to pay €454,000 back on a €300,000 mortgage while those in the euro area can expect to pay back €374,000.

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