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Working how much Monthly Payments will be
StanVanDamn
Posts: 68 Forumite
My mortage with the Hliafax has just come out of a fixed rate onto the standard Halifax variable rate.
I cant seem to work out how much my monthly payment will be though. Is there anyway I can work this out?
My current outstanding amount is £94308.01 with 28 years left on the contract.
Mu current payment is £502.31 a month.
The fixed rate I was on was 4.890 and the variable is 3.500.
Finally, if the variable rate is so low is there any point looking for another fixed rate at this point?
I cant seem to work out how much my monthly payment will be though. Is there anyway I can work this out?
My current outstanding amount is £94308.01 with 28 years left on the contract.
Mu current payment is £502.31 a month.
The fixed rate I was on was 4.890 and the variable is 3.500.
Finally, if the variable rate is so low is there any point looking for another fixed rate at this point?
0
Comments
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google 'bbc mortgage calculator'0
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The MSE Ultimate mortgage calculator tool indicates £441 per month. try it for yourself.
There may be better deals. Use the calculator to compare them. So much depends upon your loan to value and credit/debt circumstances.
J_B.0 -
Time to overpay!0
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