I'm looking at mortgage statements from Permanent TSB and I can't figure out why the interest and capital figures varies from month to month. I could understand that if interest went down every month slightly because it is calculated on the remaining capital balance but it seems to go up and down. Any of the mortgage amortization calculators show it going down slightly.
Can anyone explain this to me?
Can anyone explain this to me?
Code:
Month Payment Capital Interest (ex TRS)
1 € 2,078.29 € 340.20 € 1,738.09
2 € 2,078.29 € 397.66 € 1,680.63
3 € 2,078.29 € 343.33 € 1,734.96
4 € 2,078.29 € 349.52 € 1,728.77
5 € 2,078.29 € 462.43 € 1,615.86
6 € 2,078.29 € 352.95 € 1,725.34