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
Capital7500Interest rate20.90%Term in Years5Start date1/26/2016
4
5
6
Paying interest onlyCapital needed to repay within termCapital needed to repay in half of termRepayment Mortgagesum
7
Bank Profit£7,706.88Bank Profit£7,837.50Bankers Profit£3,918.75Bank Profit£5,268.54period
8
Repayment time (years)5Repayment time (years)5Repayment time (years)3Repayment time (years)51830
9
10
Month/YearRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalance
11
January 2016£7,500.00£7,500.00£7,500.00£7,500.00
12
February 2016£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£7,375.00£380.63£130.63£250.00£7,250.00£ 202.48£130.63£4.10£7,495.901
13
March 2016£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£7,250.00£380.63£130.63£250.00£7,000.00£ 202.48£130.55£8.20£7,487.702
14
April 2016£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£7,125.00£380.63£130.63£250.00£6,750.00£ 202.48£130.41£12.30£7,475.413
15
May 2016£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£7,000.00£380.63£130.63£250.00£6,500.00£ 202.48£130.20£16.39£7,459.024
16
June 2016£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£6,875.00£380.63£130.63£250.00£6,250.00£ 202.48£129.91£20.49£7,438.525
17
July 2016£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£6,750.00£380.63£130.63£250.00£6,000.00£ 202.48£129.55£24.59£7,413.936
18
August 2016£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£6,625.00£380.63£130.63£250.00£5,750.00£ 202.48£129.13£28.69£7,385.257
19
September 2016£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£6,500.00£380.63£130.63£250.00£5,500.00£ 202.48£128.63£32.79£7,352.468
20
October 2016£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£6,375.00£380.63£130.63£250.00£5,250.00£ 202.48£128.06£36.89£7,315.579
21
November 2016£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£6,250.00£380.63£130.63£250.00£5,000.00£ 202.48£127.41£40.98£7,274.5910
22
December 2016£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£6,125.00£380.63£130.63£250.00£4,750.00£ 202.48£126.70£45.08£7,229.5111
23
January 2017£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£6,000.00£380.63£130.63£250.00£4,500.00£ 202.48£125.91£49.18£7,180.3312
24
February 2017£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£5,875.00£380.63£130.63£250.00£4,250.00£ 202.48£125.06£53.28£7,127.0513
25
March 2017£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£5,750.00£380.63£130.63£250.00£4,000.00£ 202.48£124.13£57.38£7,069.6714
26
April 2017£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£5,625.00£380.63£130.63£250.00£3,750.00£ 202.48£123.13£61.48£7,008.2015
27
May 2017£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£5,500.00£380.63£130.63£250.00£3,500.00£ 202.48£122.06£65.57£6,942.6216
28
June 2017£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£5,375.00£380.63£130.63£250.00£3,250.00£ 202.48£120.92£69.67£6,872.9517
29
July 2017£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£5,250.00£380.63£130.63£250.00£3,000.00£ 202.48£119.70£73.77£6,799.1818
30
August 2017£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£5,125.00£380.63£130.63£250.00£2,750.00£ 202.48£118.42£77.87£6,721.3119
31
September 2017£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£5,000.00£380.63£130.63£250.00£2,500.00£ 202.48£117.06£81.97£6,639.3420
32
October 2017£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£4,875.00£380.63£130.63£250.00£2,250.00£ 202.48£115.64£86.07£6,553.2821
33
November 2017£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£4,750.00£380.63£130.63£250.00£2,000.00£ 202.48£114.14£90.16£6,463.1122
34
December 2017£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£4,625.00£380.63£130.63£250.00£1,750.00£ 202.48£112.57£94.26£6,368.8523
35
January 2018£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£4,500.00£380.63£130.63£250.00£1,500.00£ 202.48£110.92£98.36£6,270.4924
36
February 2018£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£4,375.00£380.63£130.63£250.00£1,250.00£ 202.48£109.21£102.46£6,168.0325
37
March 2018£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£4,250.00£380.63£130.63£250.00£1,000.00£ 202.48£107.43£106.56£6,061.4826
38
April 2018£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£4,125.00£380.63£130.63£250.00£750.00£ 202.48£105.57£110.66£5,950.8227
39
May 2018£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£4,000.00£380.63£130.63£250.00£500.00£ 202.48£103.64£114.75£5,836.0728
40
June 2018£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£3,875.00£380.63£130.63£250.00£250.00£ 202.48£101.64£118.85£5,717.2129
41
July 2018£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£3,750.00£380.63£130.63£250.00£0.00£ 202.48£99.57£122.95£5,594.2630
42
August 2018£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£3,625.00£0.00£0.00£0.00£0.00£ 202.48£97.43£127.05£5,467.2131
43
September 2018£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£3,500.00£0.00£0.00£0.00£0.00£ 202.48£95.22£131.15£5,336.0732
44
October 2018£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£3,375.00£0.00£0.00£0.00£0.00£ 202.48£92.94£135.25£5,200.8233
45
November 2018£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£3,250.00£0.00£0.00£0.00£0.00£ 202.48£90.58£139.34£5,061.4834
46
December 2018£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£3,125.00£0.00£0.00£0.00£0.00£ 202.48£88.15£143.44£4,918.0335
47
January 2019£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£3,000.00£0.00£0.00£0.00£0.00£ 202.48£85.66£147.54£4,770.4936
48
February 2019£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£2,875.00£0.00£0.00£0.00£0.00£ 202.48£83.09£151.64£4,618.8537
49
March 2019£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£2,750.00£0.00£0.00£0.00£0.00£ 202.48£80.45£155.74£4,463.1138
50
April 2019£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£2,625.00£0.00£0.00£0.00£0.00£ 202.48£77.73£159.84£4,303.2839
51
May 2019£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£2,500.00£0.00£0.00£0.00£0.00£ 202.48£74.95£163.93£4,139.3440
52
June 2019£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£2,375.00£0.00£0.00£0.00£0.00£ 202.48£72.09£168.03£3,971.3141
53
July 2019£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£2,250.00£0.00£0.00£0.00£0.00£ 202.48£69.17£172.13£3,799.1842
54
August 2019£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£2,125.00£0.00£0.00£0.00£0.00£ 202.48£66.17£176.23£3,622.9543
55
September 2019£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£2,000.00£0.00£0.00£0.00£0.00£ 202.48£63.10£180.33£3,442.6244
56
October 2019£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£1,875.00£0.00£0.00£0.00£0.00£ 202.48£59.96£184.43£3,258.2045
57
November 2019£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£1,750.00£0.00£0.00£0.00£0.00£ 202.48£56.75£188.52£3,069.6746
58
December 2019£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£1,625.00£0.00£0.00£0.00£0.00£ 202.48£53.46£192.62£2,877.0547
59
January 2020£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£1,500.00£0.00£0.00£0.00£0.00£ 202.48£50.11£196.72£2,680.3348
60
February 2020£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£1,375.00£0.00£0.00£0.00£0.00£ 202.48£46.68£200.82£2,479.5149
61
March 2020£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£1,250.00£0.00£0.00£0.00£0.00£ 202.48£43.18£204.92£2,274.5950
62
April 2020£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£1,125.00£0.00£0.00£0.00£0.00£ 202.48£39.62£209.02£2,065.5751
63
May 2020£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£1,000.00£0.00£0.00£0.00£0.00£ 202.48£35.98£213.11£1,852.4652
64
June 2020£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£875.00£0.00£0.00£0.00£0.00£ 202.48£32.26£217.21£1,635.2553
65
July 2020£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£750.00£0.00£0.00£0.00£0.00£ 202.48£28.48£221.31£1,413.9354
66
August 2020£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£625.00£0.00£0.00£0.00£0.00£ 202.48£24.63£225.41£1,188.5255
67
September 2020£130.63£130.63£0.00£7,500.00£255.63£130.63£125.00£500.00£0.00£0.00£0.00£0.00£ 202.48£20.70£229.51£959.0256
68
October 2020£130.63£130.63£0.00£0.00£255.63£130.63£125.00£375.00£0.00£0.00£0.00£0.00£ 202.48£16.70£233.61£725.4157
69
November 2020£130.63£130.63£0.00£0.00£255.63£130.63£125.00£250.00£0.00£0.00£0.00£0.00£ 202.48£12.63£237.70£487.7058
70
December 2020£130.63£130.63£0.00£0.00£255.63£130.63£125.00£125.00£0.00£0.00£0.00£0.00£ 202.48£8.49£241.80£245.9059
71
January 2021£0.00£0.00£0.00£0.00£255.63£130.63£125.00£0.00£0.00£0.00£0.00£0.00£ 202.48£4.28£245.90-£0.0060
72
February 2021£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0061
73
March 2021£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0062
74
April 2021£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0063
75
May 2021£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0064
76
June 2021£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0065
77
July 2021£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0066
78
August 2021£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0067
79
September 2021£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0068
80
October 2021£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0069
81
November 2021£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0070
82
December 2021£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0071
83
January 2022£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0072
84
February 2022£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0073
85
March 2022£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0074
86
April 2022£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0075
87
May 2022£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0076
88
June 2022£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0077
89
July 2022£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0078
90
August 2022£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0079
91
September 2022£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0080
92
October 2022£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0081
93
November 2022£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0082
94
December 2022£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0083
95
January 2023£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0084
96
February 2023£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0085
97
March 2023£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0086
98
April 2023£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0087
99
May 2023£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0088
100
June 2023£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£0.00£ 0.00-£0.00£0.00-£0.0089
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Copy of Interest Only Mortgages 1
Interest Only Mortgages
Copy of Interest Only Mortgages
Sheet3