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 …..
2
written by TalkinPeace
3
Capital131000Interest rate2.09%Term in Years1325Start date01/09/2017 01/02/2017
4
5
6
Capital needed to repay within termCapital needed to repay in half of termRepayment Mortgagesum
7
£35,364.54Bank Profit£85,103.06Bankers Profit£18,024.51Bank Profit£23,804.52period
8
13Repayment time (years)25Repayment time (years)10Repayment time (years)1212246
9
10
Month/YearInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalance
11
January 2017£131,000.00£131,000.00£131,000.00£131,000.00
12
February 2017£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£129,320.51£ 959.71£228.16£10.70£130,989.301
13
March 2017£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£127,641.03£ 959.71£228.14£21.39£130,967.912
14
April 2017£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£125,961.54£ 959.71£228.10£32.09£130,935.823
15
May 2017£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£124,282.05£ 959.71£228.05£42.79£130,893.034
16
June 2017£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£122,602.56£ 959.71£227.97£53.49£130,839.545
17
July 2017£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£120,923.08£ 959.71£227.88£64.18£130,775.366
18
August 2017£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£119,243.59£ 959.71£227.77£74.88£130,700.477
19
September 2017£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£117,564.10£ 959.71£227.64£85.58£130,614.898
20
October 2017£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£115,884.62£ 959.71£227.49£96.28£130,518.629
21
November 2017£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£114,205.13£ 959.71£227.32£106.97£130,411.6410
22
December 2017£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£112,525.64£ 959.71£227.13£117.67£130,293.9711
23
January 2018£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£110,846.15£ 959.71£226.93£128.37£130,165.6112
24
February 2018£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£109,166.67£ 959.71£226.71£139.07£130,026.5413
25
March 2018£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£107,487.18£ 959.71£226.46£149.76£129,876.7814
26
April 2018£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£105,807.69£ 959.71£226.20£160.46£129,716.3215
27
May 2018£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£104,128.21£ 959.71£225.92£171.16£129,545.1616
28
June 2018£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£102,448.72£ 959.71£225.62£181.86£129,363.3017
29
July 2018£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£100,769.23£ 959.71£225.31£192.55£129,170.7518
30
August 2018£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£99,089.74£ 959.71£224.97£203.25£128,967.5019
31
September 2018£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£97,410.26£ 959.71£224.62£213.95£128,753.5520
32
October 2018£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£95,730.77£ 959.71£224.25£224.64£128,528.9121
33
November 2018£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£94,051.28£ 959.71£223.85£235.34£128,293.5722
34
December 2018£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£92,371.79£ 959.71£223.44£246.04£128,047.5323
35
January 2019£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£90,692.31£ 959.71£223.02£256.74£127,790.7924
36
February 2019£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£89,012.82£ 959.71£222.57£267.43£127,523.3525
37
March 2019£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£87,333.33£ 959.71£222.10£278.13£127,245.2226
38
April 2019£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£85,653.85£ 959.71£221.62£288.83£126,956.3927
39
May 2019£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£83,974.36£ 959.71£221.12£299.53£126,656.8728
40
June 2019£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£82,294.87£ 959.71£220.59£310.22£126,346.6429
41
July 2019£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£80,615.38£ 959.71£220.05£320.92£126,025.7230
42
August 2019£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£78,935.90£ 959.71£219.49£331.62£125,694.1031
43
September 2019£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£77,256.41£ 959.71£218.92£342.32£125,351.7932
44
October 2019£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£75,576.92£ 959.71£218.32£353.01£124,998.7833
45
November 2019£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£73,897.44£ 959.71£217.71£363.71£124,635.0634
46
December 2019£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£72,217.95£ 959.71£217.07£374.41£124,260.6635
47
January 2020£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£70,538.46£ 959.71£216.42£385.11£123,875.5536
48
February 2020£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£68,858.97£ 959.71£215.75£395.80£123,479.7537
49
March 2020£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£67,179.49£ 959.71£215.06£406.50£123,073.2538
50
April 2020£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£65,500.00£ 959.71£214.35£417.20£122,656.0539
51
May 2020£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£63,820.51£ 959.71£213.63£427.89£122,228.1640
52
June 2020£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£62,141.03£ 959.71£212.88£438.59£121,789.5641
53
July 2020£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£60,461.54£ 959.71£212.12£449.29£121,340.2742
54
August 2020£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£58,782.05£ 959.71£211.33£459.99£120,880.2943
55
September 2020£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£57,102.56£ 959.71£210.53£470.68£120,409.6044
56
October 2020£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£55,423.08£ 959.71£209.71£481.38£119,928.2245
57
November 2020£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£53,743.59£ 959.71£208.87£492.08£119,436.1446
58
December 2020£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£52,064.10£ 959.71£208.02£502.78£118,933.3747
59
January 2021£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£50,384.62£ 959.71£207.14£513.47£118,419.8948
60
February 2021£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£48,705.13£ 959.71£206.25£524.17£117,895.7249
61
March 2021£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£47,025.64£ 959.71£205.34£534.87£117,360.8550
62
April 2021£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£45,346.15£ 959.71£204.40£545.57£116,815.2951
63
May 2021£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£43,666.67£ 959.71£203.45£556.26£116,259.0252
64
June 2021£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£41,987.18£ 959.71£202.48£566.96£115,692.0653
65
July 2021£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£40,307.69£ 959.71£201.50£577.66£115,114.4054
66
August 2021£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£38,628.21£ 959.71£200.49£588.36£114,526.0555
67
September 2021£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£36,948.72£ 959.71£199.47£599.05£113,927.0056
68
October 2021£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£35,269.23£ 959.71£198.42£609.75£113,317.2557
69
November 2021£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£33,589.74£ 959.71£197.36£620.45£112,696.8058
70
December 2021£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£31,910.26£ 959.71£196.28£631.14£112,065.6559
71
January 2022£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£30,230.77£ 959.71£195.18£641.84£111,423.8160
72
February 2022£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£28,551.28£ 959.71£194.06£652.54£110,771.2761
73
March 2022£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£26,871.79£ 959.71£192.93£663.24£110,108.0462
74
April 2022£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£25,192.31£ 959.71£191.77£673.93£109,434.1063
75
May 2022£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£23,512.82£ 959.71£190.60£684.63£108,749.4764
76
June 2022£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£21,833.33£ 959.71£189.41£695.33£108,054.1465
77
July 2022£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£20,153.85£ 959.71£188.19£706.03£107,348.1166
78
August 2022£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£18,474.36£ 959.71£186.96£716.72£106,631.3967
79
September 2022£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£16,794.87£ 959.71£185.72£727.42£105,903.9768
80
October 2022£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£15,115.38£ 959.71£184.45£738.12£105,165.8569
81
November 2022£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£13,435.90£ 959.71£183.16£748.82£104,417.0370
82
December 2022£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£11,756.41£ 959.71£181.86£759.51£103,657.5271
83
January 2023£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£10,076.92£ 959.71£180.54£770.21£102,887.3172
84
February 2023£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£8,397.44£ 959.71£179.20£780.91£102,106.4073
85
March 2023£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£6,717.95£ 959.71£177.84£791.61£101,314.8074
86
April 2023£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£5,038.46£ 959.71£176.46£802.30£100,512.4975
87
May 2023£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£3,358.97£ 959.71£175.06£813.00£99,699.4976
88
June 2023£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£1,679.49£ 959.71£173.64£823.70£98,875.8077
89
July 2023£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49£0.00£ 959.71£172.21£834.39£98,041.4078
90
August 2023£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£1,907.65£228.16£1,679.49-£1,679.49£ 959.71£170.76£845.09£97,196.3179
91
September 2023£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£0.00£0.00£0.00-£1,679.49£ 959.71£169.28£855.79£96,340.5280
92
October 2023£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£0.00£0.00£0.00-£1,679.49£ 959.71£167.79£866.49£95,474.0381
93
November 2023£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£0.00£0.00£0.00-£1,679.49£ 959.71£166.28£877.18£94,596.8582
94
December 2023£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£0.00£0.00£0.00-£1,679.49£ 959.71£164.76£887.88£93,708.9783
95
January 2024£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£0.00£0.00£0.00-£1,679.49£ 959.71£163.21£898.58£92,810.3984
96
February 2024£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£0.00£0.00£0.00-£1,679.49£ 959.71£161.64£909.28£91,901.1185
97
March 2024£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£0.00£0.00£0.00-£1,679.49£ 959.71£160.06£919.97£90,981.1486
98
April 2024£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£0.00£0.00£0.00-£1,679.49£ 959.71£158.46£930.67£90,050.4787
99
May 2024£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£0.00£0.00£0.00-£1,679.49£ 959.71£156.84£941.37£89,109.1088
100
June 2024£228.16£0.00£131,000.00£228.16£228.16£0.00£131,000.00£0.00£0.00£0.00-£1,679.49£ 959.71£155.20£952.07£88,157.0389
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Interest Only Mortgages
Copy of Interest Only Mortgages
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