The TAN is your loan's rate (Euribor + spread). By law the early-repayment fee is capped at 0.5% of the capital repaid on variable-rate loans and 2% on fixed-rate ones, and it may be temporarily waived. Check the current figure on your loan's information sheet.
Keep the €600.75 payment and finish the loan sooner.
Keep the remaining term and pay less each month.
Early-repayment fee: €50.00 (0.5% of the amount repaid). The net saving already nets off this fee.
| Current payment | €600.75 |
| Interest left if you don't repay early (remaining term) | €60,224 |
| Outstanding balance after repaying | €110,000 |
| Interest left: shortening the term | €47,527 |
| Interest left: lowering the payment | €55,206 |
Educational estimate, not financial advice. It assumes the TAN stays constant to the end of the term (on a variable rate the payment moves with Euribor) and a single early repayment. Confirm the fee and the figures on your loan's information sheet.
Early Mortgage Repayment Calculator: Portugal by Calculadora Capital