mortgage debt freedom
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1
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
Capitalhghh£200,000.00
Interest rate3.50%Term in Years25Start date1/10/2015
4
5
6
Paying interest onlyCapital needed to repay within termCapital needed to repay in half of termRepayment Mortgagesum
7
Bank Profit£249,156.25Bank Profit£249,900.00Bankers Profit£125,693.75Bank Profit£166,847.92period
8
Repayment time (years)28Repayment time (years)28Repayment time (years)14Repayment time (years)2856616
9
10
Month/YearRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalance
11
January 2015£255,000.00£255,000.00£255,000.00£255,000.00
12
February 2015£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£254,241.07£2,261.61£743.75£1,517.86£253,482.14£ 1,191.61£743.75£4.50£254,995.501
13
March 2015£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£253,482.14£2,261.61£743.75£1,517.86£251,964.29£ 1,191.61£743.74£9.01£254,986.492
14
April 2015£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£252,723.21£2,261.61£743.75£1,517.86£250,446.43£ 1,191.61£743.71£13.51£254,972.983
15
May 2015£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£251,964.29£2,261.61£743.75£1,517.86£248,928.57£ 1,191.61£743.67£18.02£254,954.964
16
June 2015£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£251,205.36£2,261.61£743.75£1,517.86£247,410.71£ 1,191.61£743.62£22.52£254,932.445
17
July 2015£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£250,446.43£2,261.61£743.75£1,517.86£245,892.86£ 1,191.61£743.55£27.02£254,905.426
18
August 2015£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£249,687.50£2,261.61£743.75£1,517.86£244,375.00£ 1,191.61£743.47£31.53£254,873.897
19
September 2015£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£248,928.57£2,261.61£743.75£1,517.86£242,857.14£ 1,191.61£743.38£36.03£254,837.868
20
October 2015£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£248,169.64£2,261.61£743.75£1,517.86£241,339.29£ 1,191.61£743.28£40.54£254,797.329
21
November 2015£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£247,410.71£2,261.61£743.75£1,517.86£239,821.43£ 1,191.61£743.16£45.04£254,752.2810
22
December 2015£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£246,651.79£2,261.61£743.75£1,517.86£238,303.57£ 1,191.61£743.03£49.54£254,702.7311
23
January 2016£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£245,892.86£2,261.61£743.75£1,517.86£236,785.71£ 1,191.61£742.88£54.05£254,648.6912
24
February 2016£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£245,133.93£2,261.61£743.75£1,517.86£235,267.86£ 1,191.61£742.73£58.55£254,590.1313
25
March 2016£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£244,375.00£2,261.61£743.75£1,517.86£233,750.00£ 1,191.61£742.55£63.06£254,527.0814
26
April 2016£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£243,616.07£2,261.61£743.75£1,517.86£232,232.14£ 1,191.61£742.37£67.56£254,459.5215
27
May 2016£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£242,857.14£2,261.61£743.75£1,517.86£230,714.29£ 1,191.61£742.17£72.06£254,387.4516
28
June 2016£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£242,098.21£2,261.61£743.75£1,517.86£229,196.43£ 1,191.61£741.96£76.57£254,310.8817
29
July 2016£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£241,339.29£2,261.61£743.75£1,517.86£227,678.57£ 1,191.61£741.74£81.07£254,229.8118
30
August 2016£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£240,580.36£2,261.61£743.75£1,517.86£226,160.71£ 1,191.61£741.50£85.58£254,144.2319
31
September 2016£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£239,821.43£2,261.61£743.75£1,517.86£224,642.86£ 1,191.61£741.25£90.08£254,054.1520
32
October 2016£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£239,062.50£2,261.61£743.75£1,517.86£223,125.00£ 1,191.61£740.99£94.58£253,959.5721
33
November 2016£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£238,303.57£2,261.61£743.75£1,517.86£221,607.14£ 1,191.61£740.72£99.09£253,860.4822
34
December 2016£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£237,544.64£2,261.61£743.75£1,517.86£220,089.29£ 1,191.61£740.43£103.59£253,756.8923
35
January 2017£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£236,785.71£2,261.61£743.75£1,517.86£218,571.43£ 1,191.61£740.12£108.10£253,648.7924
36
February 2017£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£236,026.79£2,261.61£743.75£1,517.86£217,053.57£ 1,191.61£739.81£112.60£253,536.1925
37
March 2017£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£235,267.86£2,261.61£743.75£1,517.86£215,535.71£ 1,191.61£739.48£117.10£253,419.0926
38
April 2017£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£234,508.93£2,261.61£743.75£1,517.86£214,017.86£ 1,191.61£739.14£121.61£253,297.4827
39
May 2017£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£233,750.00£2,261.61£743.75£1,517.86£212,500.00£ 1,191.61£738.78£126.11£253,171.3628
40
June 2017£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£232,991.07£2,261.61£743.75£1,517.86£210,982.14£ 1,191.61£738.42£130.62£253,040.7529
41
July 2017£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£232,232.14£2,261.61£743.75£1,517.86£209,464.29£ 1,191.61£738.04£135.12£252,905.6330
42
August 2017£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£231,473.21£2,261.61£743.75£1,517.86£207,946.43£ 1,191.61£737.64£139.62£252,766.0031
43
September 2017£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£230,714.29£2,261.61£743.75£1,517.86£206,428.57£ 1,191.61£737.23£144.13£252,621.8732
44
October 2017£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£229,955.36£2,261.61£743.75£1,517.86£204,910.71£ 1,191.61£736.81£148.63£252,473.2433
45
November 2017£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£229,196.43£2,261.61£743.75£1,517.86£203,392.86£ 1,191.61£736.38£153.14£252,320.1034
46
December 2017£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£228,437.50£2,261.61£743.75£1,517.86£201,875.00£ 1,191.61£735.93£157.64£252,162.4635
47
January 2018£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£227,678.57£2,261.61£743.75£1,517.86£200,357.14£ 1,191.61£735.47£162.14£252,000.3236
48
February 2018£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£226,919.64£2,261.61£743.75£1,517.86£198,839.29£ 1,191.61£735.00£166.65£251,833.6737
49
March 2018£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£226,160.71£2,261.61£743.75£1,517.86£197,321.43£ 1,191.61£734.51£171.15£251,662.5238
50
April 2018£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£225,401.79£2,261.61£743.75£1,517.86£195,803.57£ 1,191.61£734.02£175.66£251,486.8639
51
May 2018£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£224,642.86£2,261.61£743.75£1,517.86£194,285.71£ 1,191.61£733.50£180.16£251,306.7040
52
June 2018£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£223,883.93£2,261.61£743.75£1,517.86£192,767.86£ 1,191.61£732.98£184.67£251,122.0341
53
July 2018£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£223,125.00£2,261.61£743.75£1,517.86£191,250.00£ 1,191.61£732.44£189.17£250,932.8642
54
August 2018£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£222,366.07£2,261.61£743.75£1,517.86£189,732.14£ 1,191.61£731.89£193.67£250,739.1943
55
September 2018£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£221,607.14£2,261.61£743.75£1,517.86£188,214.29£ 1,191.61£731.32£198.18£250,541.0144
56
October 2018£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£220,848.21£2,261.61£743.75£1,517.86£186,696.43£ 1,191.61£730.74£202.68£250,338.3345
57
November 2018£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£220,089.29£2,261.61£743.75£1,517.86£185,178.57£ 1,191.61£730.15£207.19£250,131.1546
58
December 2018£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£219,330.36£2,261.61£743.75£1,517.86£183,660.71£ 1,191.61£729.55£211.69£249,919.4647
59
January 2019£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£218,571.43£2,261.61£743.75£1,517.86£182,142.86£ 1,191.61£728.93£216.19£249,703.2648
60
February 2019£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£217,812.50£2,261.61£743.75£1,517.86£180,625.00£ 1,191.61£728.30£220.70£249,482.5749
61
March 2019£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£217,053.57£2,261.61£743.75£1,517.86£179,107.14£ 1,191.61£727.66£225.20£249,257.3750
62
April 2019£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£216,294.64£2,261.61£743.75£1,517.86£177,589.29£ 1,191.61£727.00£229.71£249,027.6651
63
May 2019£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£215,535.71£2,261.61£743.75£1,517.86£176,071.43£ 1,191.61£726.33£234.21£248,793.4552
64
June 2019£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£214,776.79£2,261.61£743.75£1,517.86£174,553.57£ 1,191.61£725.65£238.71£248,554.7453
65
July 2019£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£214,017.86£2,261.61£743.75£1,517.86£173,035.71£ 1,191.61£724.95£243.22£248,311.5254
66
August 2019£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£213,258.93£2,261.61£743.75£1,517.86£171,517.86£ 1,191.61£724.24£247.72£248,063.8055
67
September 2019£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£212,500.00£2,261.61£743.75£1,517.86£170,000.00£ 1,191.61£723.52£252.23£247,811.5756
68
October 2019£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£211,741.07£2,261.61£743.75£1,517.86£168,482.14£ 1,191.61£722.78£256.73£247,554.8457
69
November 2019£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£210,982.14£2,261.61£743.75£1,517.86£166,964.29£ 1,191.61£722.03£261.23£247,293.6158
70
December 2019£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£210,223.21£2,261.61£743.75£1,517.86£165,446.43£ 1,191.61£721.27£265.74£247,027.8759
71
January 2020£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£209,464.29£2,261.61£743.75£1,517.86£163,928.57£ 1,191.61£720.50£270.24£246,757.6360
72
February 2020£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£208,705.36£2,261.61£743.75£1,517.86£162,410.71£ 1,191.61£719.71£274.75£246,482.8861
73
March 2020£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£207,946.43£2,261.61£743.75£1,517.86£160,892.86£ 1,191.61£718.91£279.25£246,203.6462
74
April 2020£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£207,187.50£2,261.61£743.75£1,517.86£159,375.00£ 1,191.61£718.09£283.75£245,919.8863
75
May 2020£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£206,428.57£2,261.61£743.75£1,517.86£157,857.14£ 1,191.61£717.27£288.26£245,631.6264
76
June 2020£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£205,669.64£2,261.61£743.75£1,517.86£156,339.29£ 1,191.61£716.43£292.76£245,338.8665
77
July 2020£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£204,910.71£2,261.61£743.75£1,517.86£154,821.43£ 1,191.61£715.57£297.27£245,041.6066
78
August 2020£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£204,151.79£2,261.61£743.75£1,517.86£153,303.57£ 1,191.61£714.70£301.77£244,739.8367
79
September 2020£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£203,392.86£2,261.61£743.75£1,517.86£151,785.71£ 1,191.61£713.82£306.27£244,433.5568
80
October 2020£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£202,633.93£2,261.61£743.75£1,517.86£150,267.86£ 1,191.61£712.93£310.78£244,122.7769
81
November 2020£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£201,875.00£2,261.61£743.75£1,517.86£148,750.00£ 1,191.61£712.02£315.28£243,807.4970
82
December 2020£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£201,116.07£2,261.61£743.75£1,517.86£147,232.14£ 1,191.61£711.11£319.79£243,487.7171
83
January 2021£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£200,357.14£2,261.61£743.75£1,517.86£145,714.29£ 1,191.61£710.17£324.29£243,163.4272
84
February 2021£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£199,598.21£2,261.61£743.75£1,517.86£144,196.43£ 1,191.61£709.23£328.79£242,834.6273
85
March 2021£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£198,839.29£2,261.61£743.75£1,517.86£142,678.57£ 1,191.61£708.27£333.30£242,501.3274
86
April 2021£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£198,080.36£2,261.61£743.75£1,517.86£141,160.71£ 1,191.61£707.30£337.80£242,163.5275
87
May 2021£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£197,321.43£2,261.61£743.75£1,517.86£139,642.86£ 1,191.61£706.31£342.31£241,821.2276
88
June 2021£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£196,562.50£2,261.61£743.75£1,517.86£138,125.00£ 1,191.61£705.31£346.81£241,474.4177
89
July 2021£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£195,803.57£2,261.61£743.75£1,517.86£136,607.14£ 1,191.61£704.30£351.31£241,123.0978
90
August 2021£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£195,044.64£2,261.61£743.75£1,517.86£135,089.29£ 1,191.61£703.28£355.82£240,767.2779
91
September 2021£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£194,285.71£2,261.61£743.75£1,517.86£133,571.43£ 1,191.61£702.24£360.32£240,406.9580
92
October 2021£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£193,526.79£2,261.61£743.75£1,517.86£132,053.57£ 1,191.61£701.19£364.83£240,042.1381
93
November 2021£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£192,767.86£2,261.61£743.75£1,517.86£130,535.71£ 1,191.61£700.12£369.33£239,672.8082
94
December 2021£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£192,008.93£2,261.61£743.75£1,517.86£129,017.86£ 1,191.61£699.05£373.83£239,298.9683
95
January 2022£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£191,250.00£2,261.61£743.75£1,517.86£127,500.00£ 1,191.61£697.96£378.34£238,920.6284
96
February 2022£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£190,491.07£2,261.61£743.75£1,517.86£125,982.14£ 1,191.61£696.85£382.84£238,537.7885
97
March 2022£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£189,732.14£2,261.61£743.75£1,517.86£124,464.29£ 1,191.61£695.74£387.35£238,150.4386
98
April 2022£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£188,973.21£2,261.61£743.75£1,517.86£122,946.43£ 1,191.61£694.61£391.85£237,758.5887
99
May 2022£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£188,214.29£2,261.61£743.75£1,517.86£121,428.57£ 1,191.61£693.46£396.35£237,362.2388
100
June 2022£743.75£743.75£0.00£255,000.00£1,502.68£743.75£758.93£187,455.36£2,261.61£743.75£1,517.86£119,910.71£ 1,191.61£692.31£400.86£236,961.3789
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Credit Card debt
Sheet1
Sheet7
Copy of Credit Card debt
Sheet6
Sheet5
Sheet3
Sheet2