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Euribor

The Day the Rate Resets

A benchmark becomes a mortgage payment on one scheduled morning, and the number it uses is already old.

11 min120 XP available4 challenges

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Reset a €200,000 mortgage at any Euribor of the last five years.

Thirty years, level payments, a spread agreed once at signing and never revisited. The only thing that changes at each reset is the index. Twelve-month Euribor was −0.505% in January 2021 and +4.160% in October 2023, and the comparison below is against that 2021 low.

Monthly payment

€954.83

€200,000 over 30 years

Rate you actually pay
4%

Euribor + spread

Against the January 2021 payment
59.69%

When the same loan cost about €598 a month

3%

Low −0.505% (Jan 2021), peak +4.160% (Oct 2023), 2.954% in August 2026.

1%

Fixed for the life of the loan. It never resets, and it never falls.

Compare the 2021 low with the 2023 peak, and leave the payment at least 50% above the low

  • Try -0.5% — not yet
  • Try 4.25% — not yet
  • Compare the 2021 low with the 2023 peak, and leave the payment at least 50% above the low — done

Answer to continue.