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How much of the capital is paid in the 1st couple of years of a mortgage?
Penguin6666
Posts: 30 Forumite
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,
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,
0
Comments
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Plug your figures in here - https://www.amortization-calc.com/mortgage-calculator/I am a Mortgage AdviserYou 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.0
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