Hi, could someone supply the equation on how to work out monthly repayments for an interest only tracker mortgage?
Irish times today said that the 0.25% drop in ECB rate on a 100,000 tracker mortgage is equivalent to about 12 euro saving per month, but I calculated it as saving of about 20 euro per month.?
Tanks in advance
T
Irish times today said that the 0.25% drop in ECB rate on a 100,000 tracker mortgage is equivalent to about 12 euro saving per month, but I calculated it as saving of about 20 euro per month.?
Tanks in advance
T