Daily interest and other questions
inigma
Forumite 157 Posts
Hello,
Ok just a couple of simple questions, that I have:
How do you calculate daily interest? I have seen a few people list this and I am not sure how to work it out.
Also
What does, "DH", "OH", "DS", "DD" mean? (I think OH is other half)
Thank you
Ok just a couple of simple questions, that I have:
How do you calculate daily interest? I have seen a few people list this and I am not sure how to work it out.
Also
What does, "DH", "OH", "DS", "DD" mean? (I think OH is other half)
Thank you
Original mortgage free date 01/09/2036Current mortgage free date 01/09/2023Dream mortgage free date 27/08/2023 (25 years to the day I failed my GCSEs!)JUST BRING IT
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(current mortgage balance * interest rate)/(days in year * 100)
eg for 3% interest rate on 100,000, given about 365.25 days per year, the daily rate is
(100000*3)/(36525)=8.21.
As for your second question, I always assumed they meant darling husband/son/daughter.