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
Capital76500Interest rate3.25%Term in Years25Start date1/12/2016
4
5
6
Paying interest onlyCapital needed to repay within termCapital needed to repay in half of termRepayment Mortgagesum
7
Bank Profit£61,949.06Bank Profit£77,280.94Bankers Profit£31,078.13Bank Profit£41,506.56period
8
Repayment time (years)25Repayment time (years)20Repayment time (years)10Repayment time (years)1245150
9
10
Month/YearRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalance
11
January 2016£76,500.00£76,500.00£76,500.00£76,500.00
12
February 2016£600.00£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£75,990.00£ 372.80£207.19£1.69£76,498.311
13
March 2016£600.00£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£75,480.00£ 372.80£207.18£3.39£76,494.922
14
April 2016£600.00£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£74,970.00£ 372.80£207.17£5.08£76,489.833
15
May 2016£600.00£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£74,460.00£ 372.80£207.16£6.78£76,483.064
16
June 2016£600.00£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£73,950.00£ 372.80£207.14£8.47£76,474.585
17
July 2016£600.00£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£73,440.00£ 372.80£207.12£10.17£76,464.426
18
August 2016£600.00£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£72,930.00£ 372.80£207.09£11.86£76,452.567
19
September 2016£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£72,420.00£ 372.80£207.06£13.55£76,439.008
20
October 2016£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£71,910.00£ 372.80£207.02£15.25£76,423.759
21
November 2016£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£71,400.00£ 372.80£206.98£16.94£76,406.8110
22
December 2016£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£70,890.00£ 372.80£206.94£18.64£76,388.1711
23
January 2017£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£70,380.00£ 372.80£206.88£20.33£76,367.8412
24
February 2017£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£69,870.00£ 372.80£206.83£22.03£76,345.8113
25
March 2017£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£69,360.00£ 372.80£206.77£23.72£76,322.0914
26
April 2017£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£68,850.00£ 372.80£206.71£25.42£76,296.6815
27
May 2017£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£68,340.00£ 372.80£206.64£27.11£76,269.5716
28
June 2017£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£67,830.00£ 372.80£206.56£28.80£76,240.7617
29
July 2017£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£67,320.00£ 372.80£206.49£30.50£76,210.2718
30
August 2017£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£66,810.00£ 372.80£206.40£32.19£76,178.0719
31
September 2017£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£66,300.00£ 372.80£206.32£33.89£76,144.1920
32
October 2017£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£65,790.00£ 372.80£206.22£35.58£76,108.6021
33
November 2017£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£65,280.00£ 372.80£206.13£37.28£76,071.3322
34
December 2017£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£64,770.00£ 372.80£206.03£38.97£76,032.3623
35
January 2018£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£64,260.00£ 372.80£205.92£40.66£75,991.6924
36
February 2018£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£63,750.00£ 372.80£205.81£42.36£75,949.3425
37
March 2018£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£63,240.00£ 372.80£205.70£44.05£75,905.2826
38
April 2018£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£62,730.00£ 372.80£205.58£45.75£75,859.5327
39
May 2018£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£62,220.00£ 372.80£205.45£47.44£75,812.0928
40
June 2018£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£61,710.00£ 372.80£205.32£49.14£75,762.9629
41
July 2018£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£61,200.00£ 372.80£205.19£50.83£75,712.1330
42
August 2018£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£60,690.00£ 372.80£205.05£52.52£75,659.6031
43
September 2018£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£60,180.00£ 372.80£204.91£54.22£75,605.3832
44
October 2018£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£59,670.00£ 372.80£204.76£55.91£75,549.4733
45
November 2018£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£59,160.00£ 372.80£204.61£57.61£75,491.8634
46
December 2018£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£58,650.00£ 372.80£204.46£59.30£75,432.5635
47
January 2019£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£58,140.00£ 372.80£204.30£61.00£75,371.5636
48
February 2019£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£57,630.00£ 372.80£204.13£62.69£75,308.8737
49
March 2019£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£57,120.00£ 372.80£203.96£64.39£75,244.4938
50
April 2019£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£56,610.00£ 372.80£203.79£66.08£75,178.4139
51
May 2019£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£56,100.00£ 372.80£203.61£67.77£75,110.6340
52
June 2019£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£55,590.00£ 372.80£203.42£69.47£75,041.1641
53
July 2019£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£55,080.00£ 372.80£203.24£71.16£74,970.0042
54
August 2019£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£54,570.00£ 372.80£203.04£72.86£74,897.1443
55
September 2019£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£54,060.00£ 372.80£202.85£74.55£74,822.5944
56
October 2019£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£53,550.00£ 372.80£202.64£76.25£74,746.3545
57
November 2019£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£53,040.00£ 372.80£202.44£77.94£74,668.4146
58
December 2019£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£52,530.00£ 372.80£202.23£79.63£74,588.7747
59
January 2020£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£52,020.00£ 372.80£202.01£81.33£74,507.4448
60
February 2020£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£51,510.00£ 372.80£201.79£83.02£74,424.4249
61
March 2020£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£51,000.00£ 372.80£201.57£84.72£74,339.7050
62
April 2020£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£50,490.00£ 372.80£201.34£86.41£74,253.2951
63
May 2020£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£49,980.00£ 372.80£201.10£88.11£74,165.1852
64
June 2020£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£49,470.00£ 372.80£200.86£89.80£74,075.3853
65
July 2020£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£48,960.00£ 372.80£200.62£91.50£73,983.8954
66
August 2020£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£48,450.00£ 372.80£200.37£93.19£73,890.7055
67
September 2020£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£47,940.00£ 372.80£200.12£94.88£73,795.8156
68
October 2020£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£47,430.00£ 372.80£199.86£96.58£73,699.2457
69
November 2020£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£46,920.00£ 372.80£199.60£98.27£73,600.9658
70
December 2020£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£46,410.00£ 372.80£199.34£99.97£73,501.0059
71
January 2021£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£45,900.00£ 372.80£199.07£101.66£73,399.3460
72
February 2021£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£45,390.00£ 372.80£198.79£103.36£73,295.9861
73
March 2021£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£44,880.00£ 372.80£198.51£105.05£73,190.9362
74
April 2021£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£44,370.00£ 372.80£198.23£106.74£73,084.1963
75
May 2021£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£43,860.00£ 372.80£197.94£108.44£72,975.7564
76
June 2021£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£43,350.00£ 372.80£197.64£110.13£72,865.6165
77
July 2021£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£42,840.00£ 372.80£197.34£111.83£72,753.7966
78
August 2021£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£42,330.00£ 372.80£197.04£113.52£72,640.2767
79
September 2021£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£41,820.00£ 372.80£196.73£115.22£72,525.0568
80
October 2021£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£41,310.00£ 372.80£196.42£116.91£72,408.1469
81
November 2021£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£40,800.00£ 372.80£196.11£118.60£72,289.5370
82
December 2021£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£40,290.00£ 372.80£195.78£120.30£72,169.2471
83
January 2022£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£39,780.00£ 372.80£195.46£121.99£72,047.2472
84
February 2022£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£39,270.00£ 372.80£195.13£123.69£71,923.5573
85
March 2022£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£38,760.00£ 372.80£194.79£125.38£71,798.1774
86
April 2022£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£38,250.00£ 372.80£194.45£127.08£71,671.1075
87
May 2022£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£37,740.00£ 372.80£194.11£128.77£71,542.3376
88
June 2022£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£37,230.00£ 372.80£193.76£130.47£71,411.8677
89
July 2022£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£36,720.00£ 372.80£193.41£132.16£71,279.7078
90
August 2022£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£36,210.00£ 372.80£193.05£133.85£71,145.8579
91
September 2022£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£35,700.00£ 372.80£192.69£135.55£71,010.3080
92
October 2022£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£35,190.00£ 372.80£192.32£137.24£70,873.0681
93
November 2022£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£34,680.00£ 372.80£191.95£138.94£70,734.1282
94
December 2022£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£34,170.00£ 372.80£191.57£140.63£70,593.4983
95
January 2023£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£33,660.00£ 372.80£191.19£142.33£70,451.1684
96
February 2023£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£33,150.00£ 372.80£190.81£144.02£70,307.1485
97
March 2023£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£32,640.00£ 372.80£190.42£145.71£70,161.4386
98
April 2023£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£32,130.00£ 372.80£190.02£147.41£70,014.0287
99
May 2023£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£31,620.00£ 372.80£189.62£149.10£69,864.9288
100
June 2023£207.19£207.19£0.00£76,500.00£207.19£207.19£0.00£76,500.00£717.19£207.19£510.00£31,110.00£ 372.80£189.22£150.80£69,714.1289
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