For a 100,000 euro mortgage with a duration of 25 years, in September 2021 the Taeg on the variable rate was 0.42% with a monthly installment of 346 euro, while the fixed rate recorded a Taeg of 0.98% and an installment from 370 euros. Today, for the same mortgage, the Taeg starts from a minimum of 3.62% on the variable, 3.24% on the fixed, with a higher monthly payment of +145 and +104 euros respectively compared to two years ago. It is worse for those who have taken out (or decide to take out today) a 200,000 euro mortgage with a duration of 20 years: here for the variable rate the Taeg goes from 0.39% and a monthly installment of 858 euros in September 2021 to 4 .19% today (best offer on the market) and a monthly installment of 1,211 euros, with an increase in spending from +353 euros per installment. For the fixed rate, we go from a Taeg of 0.86% and a monthly installment of 903 euros to a rate of 3.81%, and a monthly installment of 1,173 euros (+270 euros per installment). The variable-rate mortgage costs up to 4,200 euros more per year According to the consumers’ association, the rise in rates leads a family that has taken out a variable-rate mortgage to face greater expenditure today up to +4,236 euros per year year compared to what was paid in 2021, while those who decide today to take out a fixed-rate mortgage, considering the types of financing examined, spend between +1,250 and +3,240 euros, depending on the type of mortgage, compared to those who the same loan was launched in 2021. “In the coming months, a further increase in the cost of mortgages” The bad news, observes Codacons in conclusion, is not over. In fact, the ECB has announced new rate hikes as a form of contrast to inflation: this means that in the coming months the costs of mortgages are destined to rise further, with a double consequence on consumers.