Payments on morgage loans

Average monthly payments, first year

Loan ISK 1,000,000
12 payments per year
Service fee ISK 240 (ISK 140 if no payment bill is sent)

Fixed interest rate 5.40% - fixed payments (annuity)

Loan period years	Payments ISK
40	5,090
30	5,615
25	6,081
20	6,823
15	8,118
10	10,803
5	19,055

Fixed interest rate 5.40% - fixed amortizations

Loan period years	Payments ISK
40	6,532
30	7,209
25	7,751
20	8,564
15	9,918
10	12,627
5	20,754

Variable interest rate - now 4.49%

Loan period years	Payments ISK
40	5,779
30	6,457
25	7,001
20	7,815
15	9,173
10	11,889
5	20,034