Noticed some changes? You can read all about the improvements we've made on the Forum in our latest announcement. We also have a new set of Forum rules so please take the time to give them a read and familiarise yourself.
Can anyone work this out? out of interest
katie4
Forumite 397 Posts
Hi
I am just wondering after our five year fix is up how much the balance of our mortgage will be, would anybody be able to calculate this for us please?
we would ideally like to move home around the time the fix is up.
5yr fix started June 2018 at 2.33%
monthly payment £346.76
capital balance £54.588.59
repayment basis capital and interest
many thanks in advance
I am just wondering after our five year fix is up how much the balance of our mortgage will be, would anybody be able to calculate this for us please?
we would ideally like to move home around the time the fix is up.
5yr fix started June 2018 at 2.33%
monthly payment £346.76
capital balance £54.588.59
repayment basis capital and interest
many thanks in advance
0
This discussion has been closed.
Replies
If its when the fix started, im guessing there was just under 16 years left to run on the mortgage from June? at a very quick calculation, I would estimate by June 2023 the balance would be around £39660
Hi yes it is current balance as of October thanks yes that's right 16 years remaining now as we kept payments at higher rate to reduce mortgage term as unable to overpay
Many thanks for this very helpful!