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30 year mortgage?
Deanomfc
Posts: 23 Forumite
Hi people
Me and my partner have recently purchased a house with a 30 year mortgage. We paid 91,500 and put a 10% deposit on it leaving us oweing around 82,500. We're on a five year deal with c and g at 6.09% with a product fee of 1,099 on top which we've added to the mortgage. So we're paying £504 a month.
My question is, how much will we have actually paid off the mortgage after five years?
Cheers
Dean
Me and my partner have recently purchased a house with a 30 year mortgage. We paid 91,500 and put a 10% deposit on it leaving us oweing around 82,500. We're on a five year deal with c and g at 6.09% with a product fee of 1,099 on top which we've added to the mortgage. So we're paying £504 a month.
My question is, how much will we have actually paid off the mortgage after five years?
Cheers
Dean
0
Comments
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Hi Dean
If you do a google search for 'amortization calculator' you should be able to find the tool you need. (You may find some of them are American/in dollars but it doesn't matter).
Hope that helps0
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