These are genuine excerpts from the M05-L1 financing lesson, with fictional training inputs. They are not a credit offer or a current market-rate quote.
1. Learn the screen
2. Apply the lesson in its companion
The companion adds cash requirements, written lender evidence and the limits of an indicative result. It keeps the assumptions and unresolved questions beside the worked screen.
3. Follow the worked result
The lesson’s illustrative assumptions are €5,500 accepted monthly income, €350 existing monthly debt, a 20-year term, 3.50% nominal interest and 0.30% insurance on initial principal. The worked example gives €1,575 monthly debt service and €260,347.91 indicative principal. These are teaching inputs, not rates offered to a borrower.
The calculator step belongs inside a wider decision: the lender’s accepted income, cash requirement, insurance basis, actual TAEG and risk assessment still matter.