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| We were talking about two different things -- this is interest only. The actual cost of ownership is considerably higher than this when you add charges and amortisation and what not. | |
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When looking at whether it was better to rent of buy we compared the cost of renting vs the interest costs. Repayments/amortisation is you repaying part of the loan, so this shouldn't be added in the comparison.
Yes - there are maintenance costs. 1% of the purchase price per year is what the mortgage calculators budget for. Kanton Zug gives a generous flat rate deduction for maintenance whether you spend the money or not.