I am a complete dunce when it comes to mortgate rates can someone please expalain it too me and help me work out how much our monthly payments are going to be.

[DustyTv]

Our mortgage's 2 year fixed rate finishes on 31st of December then it is goin on to a Standard variable rate of 6.69%. So how do I work out how much or monthly payments will be now?

Maths is not a strong point for me

There's a calculator here

Do you have Excel? There is a mortgage function on it. You need to know what your outstanding loan is and the number of payments you have left.

Thanks, I have tried the calculator Daisy but it just keeps coming up 0.26, I don't know what that means.

Squeaky, I have excell, where about is the mortgage bit on it please. Thanks.

Are you putting the right figures in, it works fine for me? The mortgage amount means the amount left to pay off on your mortgage, not your monthly payment.

Thanks, I have worked it out now, very relieved, not as bad as I thought