A couple with one child took out a loan for a period of 30 years in the amount of 550,000 PLN. The fixed interest rate is 8.46%. To determine the subsidy, it is reduced by 10% (taking into account the margin component), which is 7.61%.
- During the first 10 years, the subsidy from the Government Housing Fund will reduce the installment. The principal and interest installments will decrease during this time, so the installment and the amount of the subsidy will change. For the first installment, the difference is almost 2,600 PLN. The installment without subsidy will be about 5,400 PLN, and with subsidy about 2,800 PLN.
- After 10 years, the borrower will repay the loan in the form of a fixed principal and interest installment (switching to so-called annuity). Without changing the interest rate, it will be 3,172.74 PLN per month. This amount may be lower, for example due to an overpayment of the loan or lower interest rates.
- For comparison, repayment of the loan in the form of equal principal and interest installments (annuity for the entire period of 30 years) without subsidy would amount to 4,213.44 PLN.
