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How much interest do you pay on your mortgage per day?

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  • amazamum
    amazamum Posts: 287 Forumite
    3.45 per day for me.
    Mfit member no 13 original balance £44000 :mad:
    current Mortgage balance 13537:T
  • torbrex
    torbrex Posts: 71,340 Forumite
    10,000 Posts Combo Breaker Rampant Recycler Hung up my suit!
    Current month is £1.85/day, next month will be £1.81/day and continuing to fall.
  • Floxxie
    Floxxie Posts: 2,853 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    £11.82 per day - how depressing, but at least it is coming down month on month.

    Floxxie
    Mortgage start September 2015 £90000 MFiT #06
  • oooooo currently £19.42 per day but thats at SVR starting on 1 July assuming the remortgage doesnt go through... will be about £15 once remortgage goes through... then the overpayments begin! Dunno about 3year challange but hoping to realistically get done in 12-14!
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I get a monthly statement that shows the daily ballances of my offset accounts and the interest saved(so can work out the actual interest cost)

    Most days it is ZERO.
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    When the SMFs owed £250k, we had an interest rate of 4.054% at it's lowest (to die for:o) so the interest rate per day was about £25. Now we owe £147k - interest rate 5.5% and per day that's about ......£25:rotfl:
  • Courgette
    Courgette Posts: 3,242 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    TighterThanTwoCoatsOfPain - What a completely ace name!!! :rotfl:

    I pay about £7.50 a day. In fact, without the overpayments I would be hardly paying anything but interest off :o
    Updating soon...
  • Lunar_Eclipse
    Lunar_Eclipse Posts: 3,060 Forumite
    £15.71 / day in interest
  • clarew
    clarew Posts: 505 Forumite
    Part of the Furniture 100 Posts Mortgage-free Glee!
    around £21 a day, boo hoo....
    Mortgage free 04/03/2025. Thanks to this site and lots of overpayments bit by bit.
    Next stop: house repairs, holiday fund, replace our very old cars, more financial security/early retirement savings.🤞
  • ferguwat
    ferguwat Posts: 19 Forumite
    Worked out that our int is around £7.56 per day.
    Mortgage free in 2014 :beer:
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