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
Capital190010Interest rate1.95%Term in Years30Start date3/1/2016
4
5
6
Paying interest onlyCapital needed to repay within termCapital needed to repay in half of termRepayment Mortgagesum
7
Bank Profit£110,847.08Bank Profit£115,169.81Bankers Profit£55,577.93Bank Profit£74,422.76period
8
Repayment time (years)30Repayment time (years)20Repayment time (years)10Repayment time (years)1264980
9
10
Month/YearRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalance
11
March 2016£190,010.00£190,010.00£190,010.00£190,010.00
12
April 2016£600.00£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£188,954.39£ 697.57£308.77£2.92£190,007.081
13
May 2016£600.00£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£187,898.78£ 697.57£308.76£5.85£190,001.232
14
June 2016£600.00£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£186,843.17£ 697.57£308.75£8.77£189,992.463
15
July 2016£600.00£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£185,787.56£ 697.57£308.74£11.70£189,980.764
16
August 2016£600.00£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£184,731.94£ 697.57£308.72£14.62£189,966.145
17
September 2016£600.00£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£183,676.33£ 697.57£308.69£17.54£189,948.596
18
October 2016£600.00£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£182,620.72£ 697.57£308.67£20.47£189,928.127
19
November 2016£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£181,565.11£ 697.57£308.63£23.39£189,904.738
20
December 2016£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£180,509.50£ 697.57£308.60£26.32£189,878.419
21
January 2017£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£179,453.89£ 697.57£308.55£29.24£189,849.1710
22
February 2017£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£178,398.28£ 697.57£308.50£32.17£189,817.0111
23
March 2017£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£177,342.67£ 697.57£308.45£35.09£189,781.9212
24
April 2017£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£176,287.06£ 697.57£308.40£38.01£189,743.9013
25
May 2017£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£175,231.44£ 697.57£308.33£40.94£189,702.9714
26
June 2017£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£174,175.83£ 697.57£308.27£43.86£189,659.1015
27
July 2017£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£173,120.22£ 697.57£308.20£46.79£189,612.3216
28
August 2017£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£172,064.61£ 697.57£308.12£49.71£189,562.6117
29
September 2017£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£171,009.00£ 697.57£308.04£52.63£189,509.9718
30
October 2017£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£169,953.39£ 697.57£307.95£55.56£189,454.4219
31
November 2017£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£168,897.78£ 697.57£307.86£58.48£189,395.9320
32
December 2017£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£167,842.17£ 697.57£307.77£61.41£189,334.5321
33
January 2018£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£166,786.56£ 697.57£307.67£64.33£189,270.1922
34
February 2018£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£165,730.94£ 697.57£307.56£67.26£189,202.9423
35
March 2018£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£164,675.33£ 697.57£307.45£70.18£189,132.7624
36
April 2018£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£163,619.72£ 697.57£307.34£73.10£189,059.6625
37
May 2018£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£162,564.11£ 697.57£307.22£76.03£188,983.6326
38
June 2018£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£161,508.50£ 697.57£307.10£78.95£188,904.6827
39
July 2018£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£160,452.89£ 697.57£306.97£81.88£188,822.8028
40
August 2018£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£159,397.28£ 697.57£306.84£84.80£188,738.0029
41
September 2018£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£158,341.67£ 697.57£306.70£87.72£188,650.2830
42
October 2018£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£157,286.06£ 697.57£306.56£90.65£188,559.6331
43
November 2018£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£156,230.44£ 697.57£306.41£93.57£188,466.0632
44
December 2018£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£155,174.83£ 697.57£306.26£96.50£188,369.5633
45
January 2019£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£154,119.22£ 697.57£306.10£99.42£188,270.1434
46
February 2019£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£153,063.61£ 697.57£305.94£102.34£188,167.8035
47
March 2019£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£152,008.00£ 697.57£305.77£105.27£188,062.5336
48
April 2019£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£150,952.39£ 697.57£305.60£108.19£187,954.3437
49
May 2019£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£149,896.78£ 697.57£305.43£111.12£187,843.2238
50
June 2019£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£148,841.17£ 697.57£305.25£114.04£187,729.1839
51
July 2019£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£147,785.56£ 697.57£305.06£116.97£187,612.2140
52
August 2019£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£146,729.94£ 697.57£304.87£119.89£187,492.3241
53
September 2019£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£145,674.33£ 697.57£304.68£122.81£187,369.5142
54
October 2019£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£144,618.72£ 697.57£304.48£125.74£187,243.7743
55
November 2019£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£143,563.11£ 697.57£304.27£128.66£187,115.1144
56
December 2019£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£142,507.50£ 697.57£304.06£131.59£186,983.5245
57
January 2020£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£141,451.89£ 697.57£303.85£134.51£186,849.0146
58
February 2020£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£140,396.28£ 697.57£303.63£137.43£186,711.5847
59
March 2020£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£139,340.67£ 697.57£303.41£140.36£186,571.2248
60
April 2020£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£138,285.06£ 697.57£303.18£143.28£186,427.9449
61
May 2020£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£137,229.44£ 697.57£302.95£146.21£186,281.7350
62
June 2020£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£136,173.83£ 697.57£302.71£149.13£186,132.6051
63
July 2020£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£135,118.22£ 697.57£302.47£152.05£185,980.5552
64
August 2020£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£134,062.61£ 697.57£302.22£154.98£185,825.5753
65
September 2020£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£133,007.00£ 697.57£301.97£157.90£185,667.6754
66
October 2020£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£131,951.39£ 697.57£301.71£160.83£185,506.8455
67
November 2020£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£130,895.78£ 697.57£301.45£163.75£185,343.0956
68
December 2020£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£129,840.17£ 697.57£301.18£166.68£185,176.4157
69
January 2021£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£128,784.56£ 697.57£300.91£169.60£185,006.8158
70
February 2021£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£127,728.94£ 697.57£300.64£172.52£184,834.2959
71
March 2021£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£126,673.33£ 697.57£300.36£175.45£184,658.8460
72
April 2021£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£125,617.72£ 697.57£300.07£178.37£184,480.4761
73
May 2021£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£124,562.11£ 697.57£299.78£181.30£184,299.1762
74
June 2021£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£123,506.50£ 697.57£299.49£184.22£184,114.9563
75
July 2021£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£122,450.89£ 697.57£299.19£187.14£183,927.8164
76
August 2021£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£121,395.28£ 697.57£298.88£190.07£183,737.7465
77
September 2021£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£120,339.67£ 697.57£298.57£192.99£183,544.7566
78
October 2021£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£119,284.06£ 697.57£298.26£195.92£183,348.8367
79
November 2021£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£118,228.44£ 697.57£297.94£198.84£183,149.9968
80
December 2021£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£117,172.83£ 697.57£297.62£201.77£182,948.2269
81
January 2022£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£116,117.22£ 697.57£297.29£204.69£182,743.5470
82
February 2022£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£115,061.61£ 697.57£296.96£207.61£182,535.9271
83
March 2022£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£114,006.00£ 697.57£296.62£210.54£182,325.3972
84
April 2022£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£112,950.39£ 697.57£296.28£213.46£182,111.9273
85
May 2022£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£111,894.78£ 697.57£295.93£216.39£181,895.5474
86
June 2022£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£110,839.17£ 697.57£295.58£219.31£181,676.2375
87
July 2022£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£109,783.56£ 697.57£295.22£222.23£181,453.9976
88
August 2022£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£108,727.94£ 697.57£294.86£225.16£181,228.8477
89
September 2022£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£107,672.33£ 697.57£294.50£228.08£181,000.7578
90
October 2022£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£106,616.72£ 697.57£294.13£231.01£180,769.7579
91
November 2022£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£105,561.11£ 697.57£293.75£233.93£180,535.8280
92
December 2022£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£104,505.50£ 697.57£293.37£236.85£180,298.9681
93
January 2023£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£103,449.89£ 697.57£292.99£239.78£180,059.1882
94
February 2023£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£102,394.28£ 697.57£292.60£242.70£179,816.4883
95
March 2023£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£101,338.67£ 697.57£292.20£245.63£179,570.8584
96
April 2023£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£100,283.06£ 697.57£291.80£248.55£179,322.3085
97
May 2023£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£99,227.44£ 697.57£291.40£251.48£179,070.8386
98
June 2023£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£98,171.83£ 697.57£290.99£254.40£178,816.4387
99
July 2023£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£97,116.22£ 697.57£290.58£257.32£178,559.1088
100
August 2023£308.77£308.77£0.00£190,010.00£308.77£308.77£0.00£190,010.00£1,364.38£308.77£1,055.61£96,060.61£ 697.57£290.16£260.25£178,298.8689
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Copy of Interest Only Mortgages 1
Interest Only Mortgages
Copy of Interest Only Mortgages
Sheet3