mortgage debt freedom
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ABCDEFGHIJKLMNOPQRS
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
Capital106000Interest rate3.29%Term in Years25Start date1/6/2010
4
5
6
Paying interest onlyCapital needed to repay within termCapital needed to repay in half of termRepayment Mortgagesum
7
Bank Profit£86,894.38Bank Profit£87,475.62Bankers Profit£43,592.50Bank Profit£58,220.21period
8
Repayment time (years)25Repayment time (years)25Repayment time (years)13Repayment time (years)3145150
9
10
Month/YearRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalance
11
January 2010£106,000.00£106,000.00£106,000.00£106,000.00
12
February 2010£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£105,646.67£997.28£290.62£706.67£105,293.33£ 518.80£290.62£2.35£105,997.651
13
March 2010£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£105,293.33£997.28£290.62£706.67£104,586.67£ 518.80£290.61£4.70£105,992.962
14
April 2010£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£104,940.00£997.28£290.62£706.67£103,880.00£ 518.80£290.60£7.04£105,985.913
15
May 2010£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£104,586.67£997.28£290.62£706.67£103,173.33£ 518.80£290.58£9.39£105,976.524
16
June 2010£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£104,233.33£997.28£290.62£706.67£102,466.67£ 518.80£290.55£11.74£105,964.785
17
July 2010£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£103,880.00£997.28£290.62£706.67£101,760.00£ 518.80£290.52£14.09£105,950.706
18
August 2010£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£103,526.67£997.28£290.62£706.67£101,053.33£ 518.80£290.48£16.43£105,934.267
19
September 2010£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£103,173.33£997.28£290.62£706.67£100,346.67£ 518.80£290.44£18.78£105,915.488
20
October 2010£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£102,820.00£997.28£290.62£706.67£99,640.00£ 518.80£290.38£21.13£105,894.359
21
November 2010£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£102,466.67£997.28£290.62£706.67£98,933.33£ 518.80£290.33£23.48£105,870.8710
22
December 2010£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£102,113.33£997.28£290.62£706.67£98,226.67£ 518.80£290.26£25.83£105,845.0511
23
January 2011£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£101,760.00£997.28£290.62£706.67£97,520.00£ 518.80£290.19£28.17£105,816.8812
24
February 2011£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£101,406.67£997.28£290.62£706.67£96,813.33£ 518.80£290.11£30.52£105,786.3613
25
March 2011£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£101,053.33£997.28£290.62£706.67£96,106.67£ 518.80£290.03£32.87£105,753.4914
26
April 2011£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£100,700.00£997.28£290.62£706.67£95,400.00£ 518.80£289.94£35.22£105,718.2715
27
May 2011£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£100,346.67£997.28£290.62£706.67£94,693.33£ 518.80£289.84£37.56£105,680.7116
28
June 2011£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£99,993.33£997.28£290.62£706.67£93,986.67£ 518.80£289.74£39.91£105,640.8017
29
July 2011£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£99,640.00£997.28£290.62£706.67£93,280.00£ 518.80£289.63£42.26£105,598.5418
30
August 2011£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£99,286.67£997.28£290.62£706.67£92,573.33£ 518.80£289.52£44.61£105,553.9319
31
September 2011£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£98,933.33£997.28£290.62£706.67£91,866.67£ 518.80£289.39£46.95£105,506.9820
32
October 2011£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£98,580.00£997.28£290.62£706.67£91,160.00£ 518.80£289.26£49.30£105,457.6721
33
November 2011£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£98,226.67£997.28£290.62£706.67£90,453.33£ 518.80£289.13£51.65£105,406.0222
34
December 2011£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£97,873.33£997.28£290.62£706.67£89,746.67£ 518.80£288.99£54.00£105,352.0323
35
January 2012£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£97,520.00£997.28£290.62£706.67£89,040.00£ 518.80£288.84£56.35£105,295.6824
36
February 2012£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£97,166.67£997.28£290.62£706.67£88,333.33£ 518.80£288.69£58.69£105,236.9925
37
March 2012£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£96,813.33£997.28£290.62£706.67£87,626.67£ 518.80£288.52£61.04£105,175.9526
38
April 2012£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£96,460.00£997.28£290.62£706.67£86,920.00£ 518.80£288.36£63.39£105,112.5627
39
May 2012£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£96,106.67£997.28£290.62£706.67£86,213.33£ 518.80£288.18£65.74£105,046.8228
40
June 2012£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£95,753.33£997.28£290.62£706.67£85,506.67£ 518.80£288.00£68.08£104,978.7429
41
July 2012£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£95,400.00£997.28£290.62£706.67£84,800.00£ 518.80£287.82£70.43£104,908.3130
42
August 2012£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£95,046.67£997.28£290.62£706.67£84,093.33£ 518.80£287.62£72.78£104,835.5331
43
September 2012£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£94,693.33£997.28£290.62£706.67£83,386.67£ 518.80£287.42£75.13£104,760.4032
44
October 2012£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£94,340.00£997.28£290.62£706.67£82,680.00£ 518.80£287.22£77.48£104,682.9233
45
November 2012£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£93,986.67£997.28£290.62£706.67£81,973.33£ 518.80£287.01£79.82£104,603.1034
46
December 2012£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£93,633.33£997.28£290.62£706.67£81,266.67£ 518.80£286.79£82.17£104,520.9335
47
January 2013£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£93,280.00£997.28£290.62£706.67£80,560.00£ 518.80£286.56£84.52£104,436.4136
48
February 2013£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£92,926.67£997.28£290.62£706.67£79,853.33£ 518.80£286.33£86.87£104,349.5537
49
March 2013£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£92,573.33£997.28£290.62£706.67£79,146.67£ 518.80£286.09£89.21£104,260.3338
50
April 2013£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£92,220.00£997.28£290.62£706.67£78,440.00£ 518.80£285.85£91.56£104,168.7739
51
May 2013£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£91,866.67£997.28£290.62£706.67£77,733.33£ 518.80£285.60£93.91£104,074.8640
52
June 2013£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£91,513.33£997.28£290.62£706.67£77,026.67£ 518.80£285.34£96.26£103,978.6041
53
July 2013£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£91,160.00£997.28£290.62£706.67£76,320.00£ 518.80£285.07£98.60£103,880.0042
54
August 2013£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£90,806.67£997.28£290.62£706.67£75,613.33£ 518.80£284.80£100.95£103,779.0543
55
September 2013£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£90,453.33£997.28£290.62£706.67£74,906.67£ 518.80£284.53£103.30£103,675.7544
56
October 2013£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£90,100.00£997.28£290.62£706.67£74,200.00£ 518.80£284.24£105.65£103,570.1045
57
November 2013£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£89,746.67£997.28£290.62£706.67£73,493.33£ 518.80£283.95£108.00£103,462.1046
58
December 2013£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£89,393.33£997.28£290.62£706.67£72,786.67£ 518.80£283.66£110.34£103,351.7647
59
January 2014£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£89,040.00£997.28£290.62£706.67£72,080.00£ 518.80£283.36£112.69£103,239.0748
60
February 2014£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£88,686.67£997.28£290.62£706.67£71,373.33£ 518.80£283.05£115.04£103,124.0349
61
March 2014£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£88,333.33£997.28£290.62£706.67£70,666.67£ 518.80£282.73£117.39£103,006.6450
62
April 2014£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£87,980.00£997.28£290.62£706.67£69,960.00£ 518.80£282.41£119.73£102,886.9151
63
May 2014£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£87,626.67£997.28£290.62£706.67£69,253.33£ 518.80£282.08£122.08£102,764.8352
64
June 2014£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£87,273.33£997.28£290.62£706.67£68,546.67£ 518.80£281.75£124.43£102,640.4053
65
July 2014£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£86,920.00£997.28£290.62£706.67£67,840.00£ 518.80£281.41£126.78£102,513.6254
66
August 2014£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£86,566.67£997.28£290.62£706.67£67,133.33£ 518.80£281.06£129.13£102,384.5055
67
September 2014£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£86,213.33£997.28£290.62£706.67£66,426.67£ 518.80£280.70£131.47£102,253.0256
68
October 2014£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£85,860.00£997.28£290.62£706.67£65,720.00£ 518.80£280.34£133.82£102,119.2057
69
November 2014£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£85,506.67£997.28£290.62£706.67£65,013.33£ 518.80£279.98£136.17£101,983.0358
70
December 2014£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£85,153.33£997.28£290.62£706.67£64,306.67£ 518.80£279.60£138.52£101,844.5259
71
January 2015£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£84,800.00£997.28£290.62£706.67£63,600.00£ 518.80£279.22£140.86£101,703.6560
72
February 2015£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£84,446.67£997.28£290.62£706.67£62,893.33£ 518.80£278.84£143.21£101,560.4461
73
March 2015£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£84,093.33£997.28£290.62£706.67£62,186.67£ 518.80£278.44£145.56£101,414.8862
74
April 2015£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£83,740.00£997.28£290.62£706.67£61,480.00£ 518.80£278.05£147.91£101,266.9863
75
May 2015£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£83,386.67£997.28£290.62£706.67£60,773.33£ 518.80£277.64£150.25£101,116.7264
76
June 2015£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£83,033.33£997.28£290.62£706.67£60,066.67£ 518.80£277.23£152.60£100,964.1265
77
July 2015£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£82,680.00£997.28£290.62£706.67£59,360.00£ 518.80£276.81£154.95£100,809.1766
78
August 2015£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£82,326.67£997.28£290.62£706.67£58,653.33£ 518.80£276.39£157.30£100,651.8767
79
September 2015£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£81,973.33£997.28£290.62£706.67£57,946.67£ 518.80£275.95£159.65£100,492.2368
80
October 2015£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£81,620.00£997.28£290.62£706.67£57,240.00£ 518.80£275.52£161.99£100,330.2369
81
November 2015£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£81,266.67£997.28£290.62£706.67£56,533.33£ 518.80£275.07£164.34£100,165.8970
82
December 2015£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£80,913.33£997.28£290.62£706.67£55,826.67£ 518.80£274.62£166.69£99,999.2071
83
January 2016£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£80,560.00£997.28£290.62£706.67£55,120.00£ 518.80£274.16£169.04£99,830.1772
84
February 2016£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£80,206.67£997.28£290.62£706.67£54,413.33£ 518.80£273.70£171.38£99,658.7873
85
March 2016£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£79,853.33£997.28£290.62£706.67£53,706.67£ 518.80£273.23£173.73£99,485.0574
86
April 2016£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£79,500.00£997.28£290.62£706.67£53,000.00£ 518.80£272.75£176.08£99,308.9775
87
May 2016£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£79,146.67£997.28£290.62£706.67£52,293.33£ 518.80£272.27£178.43£99,130.5476
88
June 2016£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£78,793.33£997.28£290.62£706.67£51,586.67£ 518.80£271.78£180.78£98,949.7777
89
July 2016£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£78,440.00£997.28£290.62£706.67£50,880.00£ 518.80£271.29£183.12£98,766.6478
90
August 2016£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£78,086.67£997.28£290.62£706.67£50,173.33£ 518.80£270.79£185.47£98,581.1779
91
September 2016£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£77,733.33£997.28£290.62£706.67£49,466.67£ 518.80£270.28£187.82£98,393.3680
92
October 2016£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£77,380.00£997.28£290.62£706.67£48,760.00£ 518.80£269.76£190.17£98,203.1981
93
November 2016£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£77,026.67£997.28£290.62£706.67£48,053.33£ 518.80£269.24£192.51£98,010.6882
94
December 2016£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£76,673.33£997.28£290.62£706.67£47,346.67£ 518.80£268.71£194.86£97,815.8183
95
January 2017£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£76,320.00£997.28£290.62£706.67£46,640.00£ 518.80£268.18£197.21£97,618.6084
96
February 2017£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£75,966.67£997.28£290.62£706.67£45,933.33£ 518.80£267.64£199.56£97,419.0585
97
March 2017£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£75,613.33£997.28£290.62£706.67£45,226.67£ 518.80£267.09£201.90£97,217.1486
98
April 2017£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£75,260.00£997.28£290.62£706.67£44,520.00£ 518.80£266.54£204.25£97,012.8987
99
May 2017£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£74,906.67£997.28£290.62£706.67£43,813.33£ 518.80£265.98£206.60£96,806.2988
100
June 2017£290.62£290.62£0.00£106,000.00£643.95£290.62£353.33£74,553.33£997.28£290.62£706.67£43,106.67£ 518.80£265.41£208.95£96,597.3489
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