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Fixed rate mortgage.
CRISPIANNE3
Posts: 1,478 Forumite
Could someone kindly help me. We have a fixed rate mortgage until end of September 2015. We are tied in with a rate of 4.89%.
The amount outstanding is about £54,000 outstanding and if nothing changes the mortgages would be paid off in February 2027.
What I am trying to work is how much would have left to pay when the fixed finishes in September 2015. Also our mortgage payments are £467.00 per calender month and intereste is done on a daily basis.
I have tried several online calculators but hopefully there is some mathmetical who could give me a more exactly figure.
Thanks in advance
The amount outstanding is about £54,000 outstanding and if nothing changes the mortgages would be paid off in February 2027.
What I am trying to work is how much would have left to pay when the fixed finishes in September 2015. Also our mortgage payments are £467.00 per calender month and intereste is done on a daily basis.
I have tried several online calculators but hopefully there is some mathmetical who could give me a more exactly figure.
Thanks in advance
0
Comments
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Google <mortgage amortisation> and type the figures into a calculator.0
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opinions4u wrote: »Google <mortgage amortisation> and type the figures into a calculator.
Thanks for that. Have now got a more accurate figure. Also the good news is the amount outstanding is £1k less than I expected and mortgage can easily be cleared by the the time the fix rate finshes.0
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