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 …..
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written by TalkinPeace
3
Capital88000Interest rate5.09%Term in Years7.525Start date01/09/2017 01/02/2017
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5
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Capital needed to repay within termCapital needed to repay in half of termRepayment Mortgagesum
7
£33,220.73Bank Profit£139,228.47Bankers Profit£16,797.00Bank Profit£22,520.42period
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7Repayment time (years)25Repayment time (years)10Repayment time (years)124095
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10
Month/YearInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalanceRepaidInterest CapitalBalance
11
January 2017£120,000.00£88,000.00£88,000.00£88,000.00
12
February 2017£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£86,044.44£ 1,178.30£373.27£21.49£87,978.511
13
March 2017£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£84,088.89£ 1,178.30£373.18£42.98£87,935.532
14
April 2017£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£82,133.33£ 1,178.30£372.99£64.47£87,871.063
15
May 2017£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£80,177.78£ 1,178.30£372.72£85.96£87,785.104
16
June 2017£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£78,222.22£ 1,178.30£372.36£107.45£87,677.665
17
July 2017£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£76,266.67£ 1,178.30£371.90£128.94£87,548.726
18
August 2017£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£74,311.11£ 1,178.30£371.35£150.43£87,398.297
19
September 2017£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£72,355.56£ 1,178.30£370.71£171.92£87,226.378
20
October 2017£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£70,400.00£ 1,178.30£369.99£193.41£87,032.979
21
November 2017£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£68,444.44£ 1,178.30£369.16£214.90£86,818.0710
22
December 2017£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£66,488.89£ 1,178.30£368.25£236.39£86,581.6811
23
January 2018£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£64,533.33£ 1,178.30£367.25£257.88£86,323.8112
24
February 2018£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£62,577.78£ 1,178.30£366.16£279.37£86,044.4413
25
March 2018£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£60,622.22£ 1,178.30£364.97£300.85£85,743.5914
26
April 2018£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£58,666.67£ 1,178.30£363.70£322.34£85,421.2515
27
May 2018£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£56,711.11£ 1,178.30£362.33£343.83£85,077.4116
28
June 2018£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£54,755.56£ 1,178.30£360.87£365.32£84,712.0917
29
July 2018£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£52,800.00£ 1,178.30£359.32£386.81£84,325.2718
30
August 2018£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£50,844.44£ 1,178.30£357.68£408.30£83,916.9719
31
September 2018£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£48,888.89£ 1,178.30£355.95£429.79£83,487.1820
32
October 2018£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£46,933.33£ 1,178.30£354.12£451.28£83,035.9021
33
November 2018£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£44,977.78£ 1,178.30£352.21£472.77£82,563.1322
34
December 2018£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£43,022.22£ 1,178.30£350.21£494.26£82,068.8623
35
January 2019£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£41,066.67£ 1,178.30£348.11£515.75£81,553.1124
36
February 2019£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£39,111.11£ 1,178.30£345.92£537.24£81,015.8725
37
March 2019£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£37,155.56£ 1,178.30£343.64£558.73£80,457.1426
38
April 2019£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£35,200.00£ 1,178.30£341.27£580.22£79,876.9227
39
May 2019£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£33,244.44£ 1,178.30£338.81£601.71£79,275.2128
40
June 2019£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£31,288.89£ 1,178.30£336.26£623.20£78,652.0129
41
July 2019£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£29,333.33£ 1,178.30£333.62£644.69£78,007.3330
42
August 2019£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£27,377.78£ 1,178.30£330.88£666.18£77,341.1531
43
September 2019£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£25,422.22£ 1,178.30£328.06£687.67£76,653.4832
44
October 2019£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£23,466.67£ 1,178.30£325.14£709.16£75,944.3233
45
November 2019£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£21,511.11£ 1,178.30£322.13£730.65£75,213.6834
46
December 2019£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£19,555.56£ 1,178.30£319.03£752.14£74,461.5435
47
January 2020£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£17,600.00£ 1,178.30£315.84£773.63£73,687.9136
48
February 2020£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£15,644.44£ 1,178.30£312.56£795.12£72,892.8037
49
March 2020£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£13,688.89£ 1,178.30£309.19£816.61£72,076.1938
50
April 2020£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£11,733.33£ 1,178.30£305.72£838.10£71,238.1039
51
May 2020£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£9,777.78£ 1,178.30£302.17£859.58£70,378.5140
52
June 2020£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£7,822.22£ 1,178.30£298.52£881.07£69,497.4441
53
July 2020£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£5,866.67£ 1,178.30£294.78£902.56£68,594.8742
54
August 2020£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£3,911.11£ 1,178.30£290.96£924.05£67,670.8243
55
September 2020£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56£1,955.56£ 1,178.30£287.04£945.54£66,725.2744
56
October 2020£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£2,328.82£373.27£1,955.56-£0.00£ 1,178.30£283.03£967.03£65,758.2445
57
November 2020£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£278.92£988.52£64,769.7246
58
December 2020£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£274.73£1,010.01£63,759.7147
59
January 2021£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£270.45£1,031.50£62,728.2148
60
February 2021£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£266.07£1,052.99£61,675.2149
61
March 2021£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£261.61£1,074.48£60,600.7350
62
April 2021£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£257.05£1,095.97£59,504.7651
63
May 2021£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£252.40£1,117.46£58,387.3052
64
June 2021£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£247.66£1,138.95£57,248.3553
65
July 2021£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£242.83£1,160.44£56,087.9154
66
August 2021£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£237.91£1,181.93£54,905.9855
67
September 2021£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£232.89£1,203.42£53,702.5656
68
October 2021£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£227.79£1,224.91£52,477.6657
69
November 2021£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£222.59£1,246.40£51,231.2658
70
December 2021£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£217.31£1,267.89£49,963.3759
71
January 2022£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£211.93£1,289.38£48,673.9960
72
February 2022£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£206.46£1,310.87£47,363.1361
73
March 2022£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£200.90£1,332.36£46,030.7762
74
April 2022£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£195.25£1,353.85£44,676.9263
75
May 2022£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£189.50£1,375.34£43,301.5964
76
June 2022£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£183.67£1,396.83£41,904.7665
77
July 2022£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£177.75£1,418.32£40,486.4566
78
August 2022£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£171.73£1,439.80£39,046.6467
79
September 2022£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£165.62£1,461.29£37,585.3568
80
October 2022£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£159.42£1,482.78£36,102.5669
81
November 2022£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£153.14£1,504.27£34,598.2970
82
December 2022£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£146.75£1,525.76£33,072.5371
83
January 2023£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£140.28£1,547.25£31,525.2772
84
February 2023£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£133.72£1,568.74£29,956.5373
85
March 2023£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£127.07£1,590.23£28,366.3074
86
April 2023£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£120.32£1,611.72£26,754.5875
87
May 2023£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£113.48£1,633.21£25,121.3776
88
June 2023£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£106.56£1,654.70£23,466.6777
89
July 2023£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£99.54£1,676.19£21,790.4878
90
August 2023£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£92.43£1,697.68£20,092.8079
91
September 2023£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£85.23£1,719.17£18,373.6380
92
October 2023£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£77.93£1,740.66£16,632.9781
93
November 2023£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£70.55£1,762.15£14,870.8282
94
December 2023£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£63.08£1,783.64£13,087.1883
95
January 2024£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£55.51£1,805.13£11,282.0584
96
February 2024£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£47.85£1,826.62£9,455.4385
97
March 2024£373.27£0.00£120,000.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£40.11£1,848.11£7,607.3386
98
April 2024£373.27£0.00£0.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£32.27£1,869.60£5,737.7387
99
May 2024£373.27£0.00£0.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£24.34£1,891.09£3,846.6488
100
June 2024£373.27£0.00£0.00£373.27£373.27£0.00£88,000.00£0.00£0.00£0.00-£0.00£ 1,178.30£16.32£1,912.58£1,934.0789
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Copy of Interest Only Mortgages
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