Hi All,
I'm trying to use the mortgage calculator here:
http://www.drcalculator.com/mortgage/ie/
I've recently come off a fixed rate and gone to variable.
What the calculator says and what the bank is charging don't add up (also taking into account TRS etc.), so I figure I'm doing something wrong.
Question: For the 'Principal' amount, should I enter the original amount borrowed or the remaining balance?
For 'Years', I've entered the remaining number of years, not the original term.
Any help would be great.
Cheers,
digweed.
I'm trying to use the mortgage calculator here:
http://www.drcalculator.com/mortgage/ie/
I've recently come off a fixed rate and gone to variable.
What the calculator says and what the bank is charging don't add up (also taking into account TRS etc.), so I figure I'm doing something wrong.
Question: For the 'Principal' amount, should I enter the original amount borrowed or the remaining balance?
For 'Years', I've entered the remaining number of years, not the original term.
Any help would be great.
Cheers,
digweed.