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
Capital338500Interest rate1.85%Term in Years2525Start date01/02/2017 01/02/2017
4
5
6
Capital needed to repay within termCapital needed to repay in half of termRepayment Mortgagesum
7
£156,034.40Bank Profit£194,651.60Bankers Profit£78,278.13Bank Profit£104,544.78period
8
25Repayment time (years)25Repayment time (years)10Repayment time (years)1245150
9
10
Month/YearInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalance
11
January 2017£338,500.00£338,500.00£338,500.00£338,500.00
12
February 2017£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£336,243.33£ 1,410.16£521.85£7.50£338,492.501
13
March 2017£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£333,986.67£ 1,410.16£521.84£14.99£338,477.512
14
April 2017£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£331,730.00£ 1,410.16£521.82£22.49£338,455.023
15
May 2017£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£329,473.33£ 1,410.16£521.78£29.99£338,425.034
16
June 2017£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£327,216.67£ 1,410.16£521.74£37.49£338,387.545
17
July 2017£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£324,960.00£ 1,410.16£521.68£44.98£338,342.566
18
August 2017£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£322,703.33£ 1,410.16£521.61£52.48£338,290.087
19
September 2017£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£320,446.67£ 1,410.16£521.53£59.98£338,230.108
20
October 2017£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£318,190.00£ 1,410.16£521.44£67.48£338,162.629
21
November 2017£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£315,933.33£ 1,410.16£521.33£74.97£338,087.6510
22
December 2017£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£313,676.67£ 1,410.16£521.22£82.47£338,005.1811
23
January 2018£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£311,420.00£ 1,410.16£521.09£89.97£337,915.2212
24
February 2018£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£309,163.33£ 1,410.16£520.95£97.46£337,817.7513
25
March 2018£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£306,906.67£ 1,410.16£520.80£104.96£337,712.7914
26
April 2018£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£304,650.00£ 1,410.16£520.64£112.46£337,600.3315
27
May 2018£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£302,393.33£ 1,410.16£520.47£119.96£337,480.3816
28
June 2018£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£300,136.67£ 1,410.16£520.28£127.45£337,352.9217
29
July 2018£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£297,880.00£ 1,410.16£520.09£134.95£337,217.9718
30
August 2018£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£295,623.33£ 1,410.16£519.88£142.45£337,075.5319
31
September 2018£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£293,366.67£ 1,410.16£519.66£149.94£336,925.5820
32
October 2018£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£291,110.00£ 1,410.16£519.43£157.44£336,768.1421
33
November 2018£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£288,853.33£ 1,410.16£519.18£164.94£336,603.2022
34
December 2018£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£286,596.67£ 1,410.16£518.93£172.44£336,430.7623
35
January 2019£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£284,340.00£ 1,410.16£518.66£179.93£336,250.8324
36
February 2019£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£282,083.33£ 1,410.16£518.39£187.43£336,063.4025
37
March 2019£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£279,826.67£ 1,410.16£518.10£194.93£335,868.4726
38
April 2019£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£277,570.00£ 1,410.16£517.80£202.43£335,666.0527
39
May 2019£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£275,313.33£ 1,410.16£517.49£209.92£335,456.1228
40
June 2019£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£273,056.67£ 1,410.16£517.16£217.42£335,238.7029
41
July 2019£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£270,800.00£ 1,410.16£516.83£224.92£335,013.7930
42
August 2019£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£268,543.33£ 1,410.16£516.48£232.41£334,781.3731
43
September 2019£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£266,286.67£ 1,410.16£516.12£239.91£334,541.4632
44
October 2019£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£264,030.00£ 1,410.16£515.75£247.41£334,294.0533
45
November 2019£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£261,773.33£ 1,410.16£515.37£254.91£334,039.1534
46
December 2019£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£259,516.67£ 1,410.16£514.98£262.40£333,776.7435
47
January 2020£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£257,260.00£ 1,410.16£514.57£269.90£333,506.8436
48
February 2020£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£255,003.33£ 1,410.16£514.16£277.40£333,229.4537
49
March 2020£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£252,746.67£ 1,410.16£513.73£284.89£332,944.5538
50
April 2020£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£250,490.00£ 1,410.16£513.29£292.39£332,652.1639
51
May 2020£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£248,233.33£ 1,410.16£512.84£299.89£332,352.2740
52
June 2020£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£245,976.67£ 1,410.16£512.38£307.39£332,044.8841
53
July 2020£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£243,720.00£ 1,410.16£511.90£314.88£331,730.0042
54
August 2020£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£241,463.33£ 1,410.16£511.42£322.38£331,407.6243
55
September 2020£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£239,206.67£ 1,410.16£510.92£329.88£331,077.7444
56
October 2020£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£236,950.00£ 1,410.16£510.41£337.38£330,740.3745
57
November 2020£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£234,693.33£ 1,410.16£509.89£344.87£330,395.4946
58
December 2020£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£232,436.67£ 1,410.16£509.36£352.37£330,043.1247
59
January 2021£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£230,180.00£ 1,410.16£508.82£359.87£329,683.2648
60
February 2021£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£227,923.33£ 1,410.16£508.26£367.36£329,315.8949
61
March 2021£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£225,666.67£ 1,410.16£507.70£374.86£328,941.0350
62
April 2021£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£223,410.00£ 1,410.16£507.12£382.36£328,558.6751
63
May 2021£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£221,153.33£ 1,410.16£506.53£389.86£328,168.8252
64
June 2021£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£218,896.67£ 1,410.16£505.93£397.35£327,771.4653
65
July 2021£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£216,640.00£ 1,410.16£505.31£404.85£327,366.6154
66
August 2021£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£214,383.33£ 1,410.16£504.69£412.35£326,954.2655
67
September 2021£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£212,126.67£ 1,410.16£504.05£419.84£326,534.4256
68
October 2021£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£209,870.00£ 1,410.16£503.41£427.34£326,107.0857
69
November 2021£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£207,613.33£ 1,410.16£502.75£434.84£325,672.2458
70
December 2021£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£205,356.67£ 1,410.16£502.08£442.34£325,229.9059
71
January 2022£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£203,100.00£ 1,410.16£501.40£449.83£324,780.0760
72
February 2022£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£200,843.33£ 1,410.16£500.70£457.33£324,322.7461
73
March 2022£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£198,586.67£ 1,410.16£500.00£464.83£323,857.9162
74
April 2022£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£196,330.00£ 1,410.16£499.28£472.33£323,385.5863
75
May 2022£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£194,073.33£ 1,410.16£498.55£479.82£322,905.7664
76
June 2022£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£191,816.67£ 1,410.16£497.81£487.32£322,418.4465
77
July 2022£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£189,560.00£ 1,410.16£497.06£494.82£321,923.6266
78
August 2022£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£187,303.33£ 1,410.16£496.30£502.31£321,421.3167
79
September 2022£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£185,046.67£ 1,410.16£495.52£509.81£320,911.5068
80
October 2022£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£182,790.00£ 1,410.16£494.74£517.31£320,394.1969
81
November 2022£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£180,533.33£ 1,410.16£493.94£524.81£319,869.3870
82
December 2022£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£178,276.67£ 1,410.16£493.13£532.30£319,337.0871
83
January 2023£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£176,020.00£ 1,410.16£492.31£539.80£318,797.2872
84
February 2023£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£173,763.33£ 1,410.16£491.48£547.30£318,249.9873
85
March 2023£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£171,506.67£ 1,410.16£490.64£554.80£317,695.1874
86
April 2023£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£169,250.00£ 1,410.16£489.78£562.29£317,132.8975
87
May 2023£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£166,993.33£ 1,410.16£488.91£569.79£316,563.1076
88
June 2023£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£164,736.67£ 1,410.16£488.03£577.29£315,985.8177
89
July 2023£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£162,480.00£ 1,410.16£487.14£584.78£315,401.0378
90
August 2023£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£160,223.33£ 1,410.16£486.24£592.28£314,808.7579
91
September 2023£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£157,966.67£ 1,410.16£485.33£599.78£314,208.9780
92
October 2023£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£155,710.00£ 1,410.16£484.41£607.28£313,601.6981
93
November 2023£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£153,453.33£ 1,410.16£483.47£614.77£312,986.9282
94
December 2023£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£151,196.67£ 1,410.16£482.52£622.27£312,364.6583
95
January 2024£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£148,940.00£ 1,410.16£481.56£629.77£311,734.8884
96
February 2024£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£146,683.33£ 1,410.16£480.59£637.26£311,097.6285
97
March 2024£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£144,426.67£ 1,410.16£479.61£644.76£310,452.8686
98
April 2024£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£142,170.00£ 1,410.16£478.61£652.26£309,800.6087
99
May 2024£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£139,913.33£ 1,410.16£477.61£659.76£309,140.8488
100
June 2024£521.85£0.00£338,500.00£521.85£521.85£0.00£338,500.00£2,778.52£521.85£2,256.67£137,656.67£ 1,410.16£476.59£667.25£308,473.5989
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Copy of Interest Only Mortgages 1
Interest Only Mortgages
Copy of Interest Only Mortgages
Sheet3