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Future mortgage balance

7 replies

34andchildlessbychoice · 30/06/2023 07:52

Thought I'd ask on here as this is my go to place for information. So I've just fixed for 2 years on my mortgage on 4.78% interest, im just trying to work out what my balance would be after the 2 years are up... anyone have any ideas on the calculations I would need to be doing, these online calculators don't seem to be working for me 🤣

OP posts:
Persipan · 30/06/2023 08:15

This calculator is very straightforward: https://www.moneysavingexpert.com/mortgages/mortgage-rate-calculator/

Ambi · 30/06/2023 08:18

I have to do it via a spreadsheet and work out and add the interest less the repayment each month. It helps because I can see how any overpayment affect the interest.

Ambi · 30/06/2023 08:19

If you want the calculations, I can help.

RENO24 · 30/06/2023 09:55

Same as above I have a spreadsheet that I can alter the overpayment in and see what effect it has.

34andchildlessbychoice · 01/07/2023 09:35

Thank you everyone for your replies, I knew I could count on MN to help me out 😃

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