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how much?
blueye
Posts: 320 Forumite
hi we pay 725 a month for our mortgage with an interest rate of 5.89%, its going down to 2.94% above base rate, could some one give me a rough idea of how much we will be paying. cheers. origional loan ammount was 122.520.40
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Comments
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I make it £546.08 - is it a 30 year term?0
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yeah 30 years0
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how are you working it out by the way0
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how are you working it out by the way
Using this calculator
http://www.moneymadeclear.fsa.gov.uk/tools.aspx?Tool=mortgage_calculator0 -
This is a good calculator I use for these things;
http://money.guardian.co.uk/calculator/form/0,,603119,00.html
3.44% is the interest rate with it being 2.94% above base? Comes out exactly what Beecher2 says.
MT0
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