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can you calculate my daily interest please
julie88_2
Posts: 87 Forumite
On £58,500 mortgage on daily interest at 6.5%. How much interest would I be paying a day please?
I would be grateful if anyone could work this out please.
I would be grateful if anyone could work this out please.
0
Comments
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sorry cant find cal but the calculation is balence x 6.5% divided by 365 i think .0
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Notalota of money
I have just tried that it came to £10.41 would that be about right?0 -
6.5% is quite a high rate - is that a standard variable rate? - as there would be cheaper ones out there0
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it does sound a lot i'm sure thats the right calculation ,as regularsaver says the rate is high ,(still cant find calculator )0
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Tied for a couple of years till I can escape, thinking of doubling payments to finish it quicker0
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