We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Off -Set Mortgage Calculators - daily interest rates!
Marie27lol
Posts: 254 Forumite
Good evening all,
We have an Off-Set Resi Mortgage and have been overpaying into the savings account between 250-450 pcm. And I can't work out what the daily interest rate is!
Does anyone know of a calculator, that can demonstrate how the affect of additional saving payments affect the daily interest rate for an off-set mortgage?
I used to have a standard mortgage and used Locum's (?) OP calculator, that clearly showed the OP affect - from £12/day to £9/day! Very inspirational, but as i no-longer use Microsoft (and did not upload it to Google drive), I have lost it! NB if anyone has it, can you share it with me again! Thank you.
Hope you can help me.
Marie
We have an Off-Set Resi Mortgage and have been overpaying into the savings account between 250-450 pcm. And I can't work out what the daily interest rate is!
Does anyone know of a calculator, that can demonstrate how the affect of additional saving payments affect the daily interest rate for an off-set mortgage?
I used to have a standard mortgage and used Locum's (?) OP calculator, that clearly showed the OP affect - from £12/day to £9/day! Very inspirational, but as i no-longer use Microsoft (and did not upload it to Google drive), I have lost it! NB if anyone has it, can you share it with me again! Thank you.
Hope you can help me.
Marie
0
Comments
-
Do you mean the one in this thread: https://forums.moneysavingexpert.com/discussion/1157173/my-excel-mortgage-spreadsheet
(Never used it but always up for a challenge with finding old posts!)0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards