Q I have a repayment mortgage. Could you please provide me with a formula whereby I can calculate the amount of money I pay each month that goes towards the capital repayments? I want to be able to calculate how much I pay for the capital and for the interest in a given time and interest rate. I can’t find the formulas on the internet and would be grateful if you could provide it. BOA If you simply want to know how much you’ll pay in capital and interest on your repayment mortgage, I suggest you use Guardian Unlimited’s mortgage repayment calculator. Continue reading…
Source : theguardian.com
Read more…How is my mortgage repayment calculated?
