The upfront fee (€1,000) effectively increases your borrowed amount but without extra interest – it reduces the net received.
If and payments are monthly: [ TAE = \left(1 + \frac\textnominal annual rate12\right)^12 - 1 ] Example: 3% nominal → ( (1+0.03/12)^12 - 1 \approx 3.04% )
The upfront fee (€1,000) effectively increases your borrowed amount but without extra interest – it reduces the net received.
If and payments are monthly: [ TAE = \left(1 + \frac\textnominal annual rate12\right)^12 - 1 ] Example: 3% nominal → ( (1+0.03/12)^12 - 1 \approx 3.04% ) calcular hipoteca tae