Cashstrapped
Registered User
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Took out a Fixed Rate Mortgage a few years back and it will expire in December. Given the Interest Rate rises that have gone on over the last year or so I am trying to get a rough idea of what my new repayments will be if I go with Variable Rate when the Fixed Rate is up. So say:
I am 5 years into a 25 year mortgage with current balance owing of €210k
When I am entering the details into a Mortgage repayment calculator, do I put the new rate, the new oustanding balance and years left (20) or the actual amount of years of the original mortgage (25)?
Thanks.
I am 5 years into a 25 year mortgage with current balance owing of €210k
When I am entering the details into a Mortgage repayment calculator, do I put the new rate, the new oustanding balance and years left (20) or the actual amount of years of the original mortgage (25)?
Thanks.