mortgage debt freedom
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Interest Only MortgageEnter your mortgage details into the highlighted boxes and watch what effect different repayment approaches will have : for you and your bank. Money you do not pay to them in interest is yours. Remember an Interest Only mortgage never repays your loan. You need to be finding those capital amounts each and every month from somewhere else …..
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written by TalkinPeace
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Capital129000Interest rate2.25%Term in Years10Start date01/02/2017
4
5
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Capital needed to repay within termsum
7
£72,320.63Bank Profit£90,219.38£48,455.63period
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25Repayment time (years)201245150
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Month/YearInterest CapitalBalanceRepaidCapitalBalanceCapitalBalance
11
November 2016£129,000.00£129,000.00£129,000.00
12
December 2016£241.88£0.00£129,000.00£241.88£0.00£129,000.00£2.86£128,997.141
13
January 2017£241.88£0.00£129,000.00£241.88£0.00£129,000.00£5.71£128,991.432
14
February 2017£241.88£0.00£129,000.00£241.88£0.00£129,000.00£8.57£128,982.863
15
March 2017£241.88£0.00£129,000.00£241.88£0.00£129,000.00£11.43£128,971.434
16
April 2017£241.88£0.00£129,000.00£241.88£0.00£129,000.00£14.29£128,957.145
17
May 2017£241.88£0.00£129,000.00£241.88£0.00£129,000.00£17.14£128,940.006
18
June 2017£241.88£0.00£129,000.00£241.88£0.00£129,000.00£20.00£128,920.007
19
July 2017£241.88£0.00£129,000.00£241.88£0.00£129,000.00£22.86£128,897.148
20
August 2017£241.88£0.00£129,000.00£241.88£0.00£129,000.00£25.71£128,871.439
21
September 2017£241.88£0.00£129,000.00£241.88£0.00£129,000.00£28.57£128,842.8610
22
October 2017£241.88£0.00£129,000.00£241.88£0.00£129,000.00£31.43£128,811.4311
23
November 2017£241.88£0.00£129,000.00£241.88£0.00£129,000.00£34.29£128,777.1412
24
December 2017£241.88£0.00£129,000.00£241.88£0.00£129,000.00£37.14£128,740.0013
25
January 2018£241.88£0.00£129,000.00£241.88£0.00£129,000.00£40.00£128,700.0014
26
February 2018£241.88£0.00£129,000.00£241.88£0.00£129,000.00£42.86£128,657.1415
27
March 2018£241.88£0.00£129,000.00£241.88£0.00£129,000.00£45.71£128,611.4316
28
April 2018£241.88£0.00£129,000.00£241.88£0.00£129,000.00£48.57£128,562.8617
29
May 2018£241.88£0.00£129,000.00£241.88£0.00£129,000.00£51.43£128,511.4318
30
June 2018£241.88£0.00£129,000.00£241.88£0.00£129,000.00£54.29£128,457.1419
31
July 2018£241.88£0.00£129,000.00£241.88£0.00£129,000.00£57.14£128,400.0020
32
August 2018£241.88£0.00£129,000.00£241.88£0.00£129,000.00£60.00£128,340.0021
33
September 2018£241.88£0.00£129,000.00£241.88£0.00£129,000.00£62.86£128,277.1422
34
October 2018£241.88£0.00£129,000.00£241.88£0.00£129,000.00£65.71£128,211.4323
35
November 2018£241.88£0.00£129,000.00£241.88£0.00£129,000.00£68.57£128,142.8624
36
December 2018£241.88£0.00£129,000.00£241.88£0.00£129,000.00£71.43£128,071.4325
37
January 2019£241.88£0.00£129,000.00£241.88£0.00£129,000.00£74.29£127,997.1426
38
February 2019£241.88£0.00£129,000.00£241.88£0.00£129,000.00£77.14£127,920.0027
39
March 2019£241.88£0.00£129,000.00£241.88£0.00£129,000.00£80.00£127,840.0028
40
April 2019£241.88£0.00£129,000.00£241.88£0.00£129,000.00£82.86£127,757.1429
41
May 2019£241.88£0.00£129,000.00£241.88£0.00£129,000.00£85.71£127,671.4330
42
June 2019£241.88£0.00£129,000.00£241.88£0.00£129,000.00£88.57£127,582.8631
43
July 2019£241.88£0.00£129,000.00£241.88£0.00£129,000.00£91.43£127,491.4332
44
August 2019£241.88£0.00£129,000.00£241.88£0.00£129,000.00£94.29£127,397.1433
45
September 2019£241.88£0.00£129,000.00£241.88£0.00£129,000.00£97.14£127,300.0034
46
October 2019£241.88£0.00£129,000.00£241.88£0.00£129,000.00£100.00£127,200.0035
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November 2019£241.88£0.00£129,000.00£241.88£0.00£129,000.00£102.86£127,097.1436
48
December 2019£241.88£0.00£129,000.00£241.88£0.00£129,000.00£105.71£126,991.4337
49
January 2020£241.88£0.00£129,000.00£241.88£0.00£129,000.00£108.57£126,882.8638
50
February 2020£241.88£0.00£129,000.00£241.88£0.00£129,000.00£111.43£126,771.4339
51
March 2020£241.88£0.00£129,000.00£241.88£0.00£129,000.00£114.29£126,657.1440
52
April 2020£241.88£0.00£129,000.00£241.88£0.00£129,000.00£117.14£126,540.0041
53
May 2020£241.88£0.00£129,000.00£241.88£0.00£129,000.00£120.00£126,420.0042
54
June 2020£241.88£0.00£129,000.00£241.88£0.00£129,000.00£122.86£126,297.1443
55
July 2020£241.88£0.00£129,000.00£241.88£0.00£129,000.00£125.71£126,171.4344
56
August 2020£241.88£0.00£129,000.00£241.88£0.00£129,000.00£128.57£126,042.8645
57
September 2020£241.88£0.00£129,000.00£241.88£0.00£129,000.00£131.43£125,911.4346
58
October 2020£241.88£0.00£129,000.00£241.88£0.00£129,000.00£134.29£125,777.1447
59
November 2020£241.88£0.00£129,000.00£241.88£0.00£129,000.00£137.14£125,640.0048
60
December 2020£241.88£0.00£129,000.00£241.88£0.00£129,000.00£140.00£125,500.0049
61
January 2021£241.88£0.00£129,000.00£241.88£0.00£129,000.00£142.86£125,357.1450
62
February 2021£241.88£0.00£129,000.00£241.88£0.00£129,000.00£145.71£125,211.4351
63
March 2021£241.88£0.00£129,000.00£241.88£0.00£129,000.00£148.57£125,062.8652
64
April 2021£241.88£0.00£129,000.00£241.88£0.00£129,000.00£151.43£124,911.4353
65
May 2021£241.88£0.00£129,000.00£241.88£0.00£129,000.00£154.29£124,757.1454
66
June 2021£241.88£0.00£129,000.00£241.88£0.00£129,000.00£157.14£124,600.0055
67
July 2021£241.88£0.00£129,000.00£241.88£0.00£129,000.00£160.00£124,440.0056
68
August 2021£241.88£0.00£129,000.00£241.88£0.00£129,000.00£162.86£124,277.1457
69
September 2021£241.88£0.00£129,000.00£241.88£0.00£129,000.00£165.71£124,111.4358
70
October 2021£241.88£0.00£129,000.00£241.88£0.00£129,000.00£168.57£123,942.8659
71
November 2021£241.88£0.00£129,000.00£241.88£0.00£129,000.00£171.43£123,771.4360
72
December 2021£241.88£0.00£129,000.00£241.88£0.00£129,000.00£174.29£123,597.1461
73
January 2022£241.88£0.00£129,000.00£241.88£0.00£129,000.00£177.14£123,420.0062
74
February 2022£241.88£0.00£129,000.00£241.88£0.00£129,000.00£180.00£123,240.0063
75
March 2022£241.88£0.00£129,000.00£241.88£0.00£129,000.00£182.86£123,057.1464
76
April 2022£241.88£0.00£129,000.00£241.88£0.00£129,000.00£185.71£122,871.4365
77
May 2022£241.88£0.00£129,000.00£241.88£0.00£129,000.00£188.57£122,682.8666
78
June 2022£241.88£0.00£129,000.00£241.88£0.00£129,000.00£191.43£122,491.4367
79
July 2022£241.88£0.00£129,000.00£241.88£0.00£129,000.00£194.29£122,297.1468
80
August 2022£241.88£0.00£129,000.00£241.88£0.00£129,000.00£197.14£122,100.0069
81
September 2022£241.88£0.00£129,000.00£241.88£0.00£129,000.00£200.00£121,900.0070
82
October 2022£241.88£0.00£129,000.00£241.88£0.00£129,000.00£202.86£121,697.1471
83
November 2022£241.88£0.00£129,000.00£241.88£0.00£129,000.00£205.71£121,491.4372
84
December 2022£241.88£0.00£129,000.00£241.88£0.00£129,000.00£208.57£121,282.8673
85
January 2023£241.88£0.00£129,000.00£241.88£0.00£129,000.00£211.43£121,071.4374
86
February 2023£241.88£0.00£129,000.00£241.88£0.00£129,000.00£214.29£120,857.1475
87
March 2023£241.88£0.00£129,000.00£241.88£0.00£129,000.00£217.14£120,640.0076
88
April 2023£241.88£0.00£129,000.00£241.88£0.00£129,000.00£220.00£120,420.0077
89
May 2023£241.88£0.00£129,000.00£241.88£0.00£129,000.00£222.86£120,197.1478
90
June 2023£241.88£0.00£129,000.00£241.88£0.00£129,000.00£225.71£119,971.4379
91
July 2023£241.88£0.00£129,000.00£241.88£0.00£129,000.00£228.57£119,742.8680
92
August 2023£241.88£0.00£129,000.00£241.88£0.00£129,000.00£231.43£119,511.4381
93
September 2023£241.88£0.00£129,000.00£241.88£0.00£129,000.00£234.29£119,277.1482
94
October 2023£241.88£0.00£129,000.00£241.88£0.00£129,000.00£237.14£119,040.0083
95
November 2023£241.88£0.00£129,000.00£241.88£0.00£129,000.00£240.00£118,800.0084
96
December 2023£241.88£0.00£129,000.00£241.88£0.00£129,000.00£242.86£118,557.1485
97
January 2024£241.88£0.00£129,000.00£241.88£0.00£129,000.00£245.71£118,311.4386
98
February 2024£241.88£0.00£129,000.00£241.88£0.00£129,000.00£248.57£118,062.8687
99
March 2024£241.88£0.00£129,000.00£241.88£0.00£129,000.00£251.43£117,811.4388
100
April 2024£241.88£0.00£129,000.00£241.88£0.00£129,000.00£254.29£117,557.1489
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Copy of Interest Only Mortgages 1
Interest Only Mortgages
Copy of Interest Only Mortgages
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