# How do I work out my daily/ monthly interest please

Posts: 315
Forumite
Maths is so not my strong point.
Please could anyone help?

Mortgage 43800. Interest is 0.85%

What is that a day and per month please ? If you show me the sum I can learn as I over pay monthly

thank you
X
Part time worker.
Plug that SAHM pension gap & Retire in style in 20 years.

• Posts: 4,792
Forumite
You're paying about £1/day

£43,800 x 0.0085 = £372.30 per year
÷ 365 = £1.02 per day
÷ 12 = £31.03 per month
Mortgage start: £65,495 (March 2016)
Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

Finally earning interest instead of paying it!!!
• Posts: 315
Forumite
You're paying about £1/day

£43,800 x 0.0085 = £372.30 per year
÷ 365 = £1.02 per day
÷ 12 = £31.03 per month
Thank you so much x
Part time worker.
Plug that SAHM pension gap & Retire in style in 20 years.

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