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No - I think they mean a mortgage repayment calculator that gives the repayment amount after owner occupier mortgage interest relief applicable to the individual's circumstances has been deducted. Most calculators give the "gross" amount before deduction of tax relief.
I'd like to see what interest relief we'd get on our mortgage, you could provide this a kind of guide/table with examples of monthly tax relief based salary, single married etc. rather than combining it with the mortgage calculator. I prefer quick calculations rather than having to key in salaries, monthly outgoings etc, etc.
But you can already look up the maximum amount of interest qualifying for relief on Revenue's website and then apply relief on that (or some lower amount if the interest charged is below the maximum relief level) to the repayments from calculators such as Karl Jeacle's.I'd like to see what interest relief we'd get on our mortgage, you could provide this a kind of guide/table with examples of monthly tax relief based salary, single married etc. rather than combining it with the mortgage calculator. I prefer quick calculations rather than having to key in salaries, monthly outgoings etc, etc.
You probably don't have the latest Java runtime installed.Unfortunately Karl's calculator wouldn't load for me on this machine.
Karl Jeacle's is the best that I've seen to date.As a matter of interest, what do you think of the current calculators and their style/functionality? Any suggestions for improvement?
Are you sure that you're looking at the latest figures?Eg. my yearly allowance for married people is 4000 euro, that's all I can figure from the Revenue leaflet on the website.
The repayment amount on its own tells us nothing. Enter your mortgage amount, term and rate and then click the Annual Table button. The resulting table of figures estimate your annual capital and interest amounts. If the annual interest amount is greater than or equal to the maximum relief amount for your circumstances (e.g. the €16K mentioned above for joint FTBs in the first 7 years of their mortgage) then you get the maximum relief. Otherwise you get relief on the lower amount actually paid.My mortgage repayment is say 850 euro a month, I've no idea how to make Karl Jeacle's graph tell me what this translates to. So a quick and dirty estimate table would be a great help in this instance.
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