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Please could somebody work this out for me

5 replies

tiddlypool · 02/08/2012 21:20

because I'm too mathematically challenged to do it Blush

We took out a mortgage for £135k earlier this year, 22 year term. How much would we have to overpay monthly if we wanted to pay it off in, say, ten years?

TIA

OP posts:
headfairy · 02/08/2012 21:21

without getting a calculator out would it be very simplistic of me to say double the amount you're currently paying?

Virgil · 02/08/2012 21:21

Depends on your interest rate

RealityAlwaysWins · 02/08/2012 21:22

This reply has been deleted

Message withdrawn at poster's request.

headfairy · 02/08/2012 21:22

Or using this tool at 5% you would need to pay £1450 a month.

RealityAlwaysWins · 02/08/2012 21:23

This reply has been deleted

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