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Mortgage pay off prediction needed

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Old 11 November 2003, 09:00 AM
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Goochie
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I have a £120,000 repayment mortgage (not interest only). I hope to be in a poaition to move house in 18 months and was wondering how much of a mortgage I'll have left by then?

In other words, how much of my original £120,000 will I then be able to add to a deposit for the next house.

Hope you see what I mean.

Its' a tracker mortgage, currently £607 per month
Old 11 November 2003, 09:02 AM
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MattW
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Erm....probably about £118500.
Old 11 November 2003, 09:03 AM
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fast bloke
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how many years have you been paying it for?
Old 11 November 2003, 09:04 AM
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MattW
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But to be more accurate you will need to provide term remaining and interest rate, and if really specific whether itr is calculated daily or annually
Old 11 November 2003, 10:11 AM
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Scooby_simon
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go to any of the bigger lenders web sites and the WILL have a mortgage calc.



Old 11 November 2003, 10:14 AM
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Andy McCord
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ive been paying my mortgage exactly 1 year now (£123,000), just got my statement stating i owe £121,650)
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