How do I work out my daily/ monthly interest please

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. 

Comments

  • 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!!!
  • 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. 
Meet your Ambassadors

Categories

  • All Categories
  • 341.5K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449K Spending & Discounts
  • 233.6K Work, Benefits & Business
  • 605.7K Mortgages, Homes & Bills
  • 172.4K Life & Family
  • 246.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards