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

golfiematt

paying roughly £5.28, i fixed at 5.28% in 2007 coincidentally!

mbbetter

Monthly interest seems to be anything between £450 and £550.

So on average around £16 per day :eek:

hughmungas1986

I posted this on 27-06-2008.......Currently we pay £ 6.15 per day,


As of 22-09-2010, we now pay 24 pence a day, or £7.11 per month, definately overpay your mortgage if you can afford to.

hughmungas :j

pencekeeper

hughmungas1986 wrote: »

I posted this on 27-06-2008.......Currently we pay £ 6.15 per day,


As of 22-09-2010, we now pay 24 pence a day, or £7.11 per week, definately overpay your mortgage if you can afford to.

hughmungas :j

Oooh you're beating me by 0.92 pence per day - that's 27p per month!

I'm guessing you meant per month and not per week.

Jock_Tight

We pay nothing in interest as we are 100% offset

Old_Git

92 pence per day

Joe_Bloggs

I reckon £3.75 a day. Five years ago it was around £12. I vowed to try to make the amount of capital repaid at least the same as the interest charged on the capital. You forever hear that 'you only pay interest in the early years'. I thought I could break out of this mindset by overpaying what I could. The capital to interest repayment ratio at present is 8:1.
J_B.

hughmungas1986

pencekeeper wrote: »

Oooh you're beating me by 0.92 pence per day - that's 27p per month!

I'm guessing you meant per month and not per week.

Yes I did, I've now corrected it, I think I was getting a bit giddy

hugh

grantmo

98p a day just now but its going down every month :-)

SoozyJ22

SoozyJ22 wrote: »

£8.73 for me.

2 years and 3 months later and it's gone down to 90p a day!

That's £235 less each month.

Some will be due to the drop in interest rates, but most is due to overpaying