How much left at the end of the fixed term?

biting_the_bullet

Hello all, please help on the following details.

Mortgage of 185K

10 year fix with Nationwide on their 5.18% deal.

At the end of the 10 year fix, how much of the capital will of been paid off?? Interested to know what amount i would be re-mortgaging.

Thanks

btb

Tassotti

probably better posting in mortage section

biting_the_bullet

Tassotti wrote:

probably better posting in mortage section

Hmmm, probably right, thanks.

zar

Does this calculator help? If I put £185k into it with 5.18% for 25 years it says the monthly payments are £1,100.98 and after 10 years the amount owed would be £137,588.

I've never had a mortgage so you might get more reliable advice on mortgage board as suggested.

Joe_Bloggs

The initial term of the mortgage rather than the duration of any fixed rate or discount, set the pace of the mortgage. The amount mentioned by zar is correct for, an initial term of, a 25 year (300 month) repayment mortgage.
J_B.

clutton_2

when you get a quote for a mortgage from the lender or broker, it is now compulsory for them to include how much you pay each year. check out your paperwork first.