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How much of the capital is paid in the 1st couple of years of a mortgage?

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Penguin6666
Penguin6666 Posts: 30 Forumite
in Mortgages & endowments
Hi,

I was just wondering if an adverse mortgage was charged at a 5% APR on a 200k Mortgage; what percentage of capital would be paid off in the first year, based on the fact I would have paid £14,028?

Thanks,

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  • ACG
    ACG Posts: 24,558 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Plug your figures in here - https://www.amortization-calc.com/mortgage-calculator/
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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