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How to calculate outstanding mortgage amount?
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NW_London
Posts: 48 Forumite
Hello,
I've got a mortgage of around £225k and my fixed deal is coming to an end. I'm tempted to move to HSBC's 2.49% discounted rate and overpay for 2 years to bring my outstanding mortgage down. Is there a way of calculating how much I would have outstanding after 2 years if I made fixed over payments of X amount every month?
Basically I'm trying to work out how much my payments would be after the 2 years discounted deal ended and the SVR rates were 6/7/8 or even 9%.:eek:
Thank you in advance.
I've got a mortgage of around £225k and my fixed deal is coming to an end. I'm tempted to move to HSBC's 2.49% discounted rate and overpay for 2 years to bring my outstanding mortgage down. Is there a way of calculating how much I would have outstanding after 2 years if I made fixed over payments of X amount every month?
Basically I'm trying to work out how much my payments would be after the 2 years discounted deal ended and the SVR rates were 6/7/8 or even 9%.:eek:
Thank you in advance.
0
Comments
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What you need is Locoblade's spreadsheet... http://forums.moneysavingexpert.com/showthread.html?t=11571730
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InMyDreams wrote: »What you need is Locoblade's spreadsheet...
Thank you! :beer:0
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