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Quick calculation?
carl310166
Posts: 747 Forumite
We are in the process of remortgaging with ING at the moment, £74k for 14 years= £640 per month approx.
Does anybody know how much interest v capital would be paid off each month? and does this change over time?
Does anybody know how much interest v capital would be paid off each month? and does this change over time?
Sponsored by Tesco Clubcard Points !!
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would need to know the interest rate0
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ballpark its roughly £347 in the first month and you subtract 348 from 74k every month since and multiply by it by .0047 to work it out there after.
easier to do on an excel spreadsheet etc if your looking to make overpayments and work out the saving0 -
ballpark its roughly £347 in the first month and you subtract 348 from 74k every month since and multiply by it by .0047 to work it out there after.
easier to do on an excel spreadsheet etc if your looking to make overpayments and work out the saving
Thanks, just what i wanted.Sponsored by Tesco Clubcard Points !!0
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