25 year repayment mortgage on €1m loan will cost about €4.3k per month. Based on actual lending rate of c. 2.3%.
Interest only loan will have lower monthly payments, but you will need to make an additional monthly contribution to an investment product, such as an endowment policy, in the hope that the investment product will be worth at least the outstanding capital at loan maturity.
Interest only loan will have lower monthly payments, but you will need to make an additional monthly contribution to an investment product, such as an endowment policy, in the hope that the investment product will be worth at least the outstanding capital at loan maturity.