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Mortgage Interest Calculation

Once a year an amount of interest is charged to my mortgage account. I have no way of knowing if this amount is correct. I check it to see if it looks roughly right - but in the end who knows? :rolleyes: Don't you think this sucks! Don't you think mortgage providers should give us more details of how they arrive at their figures? What do other MSEers think? What do you think Martin? :confused: _pale_ :idea:
A journey of a thousand miles begins with a single step

Savings For Kids 1st Jan 2019 £16,112

Comments

  • pm me and i'll send you an excel spreadsheet that gives true mortgage princ / int costs
    (uses excel functions cumprinc and cumipmt)
  • BACKFRMTHEEDGE
    BACKFRMTHEEDGE Posts: 1,294 Forumite
    Thx for your reply. Can you tell me how to do that? Thanks again. V grateful. ;)
    A journey of a thousand miles begins with a single step

    Savings For Kids 1st Jan 2019 £16,112
  • kne
    kne Posts: 34 Forumite
    Part of the Furniture Combo Breaker
    Click on the shockingmoment's username, a box should appear. Now click "send a private message to shockingmoment"

    HTH!
  • sent s/s for you
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