construct_06
Registered User
- Messages
- 129
Only fix if you need to - i.e. cannot afford fluctuating repayments - otherwise stick with the most competitive variable/tracker rate for your circumstances. Don't fix in an attempt to time the market, second guess the financial instutions and save money over a competitive tracker/variable rate.I am wondering what would be the best thing to do long term in peoples opinions.
Your CPT based calculations should be about right. Have you tried this calculator?Also could somebody illustrate simply how to work out mortgage repayments, cos i havent got a clue how to. i assume my calc. above (CPT x Loan value = monthly repayment is right?)
Any of the mortgage calculators available online should give you detailed figures. The Jeacle mortgage calculator is just one example.Also could somebody illustrate simply how to work out mortgage repayments, cos i havent got a clue how to. i assume my calc. above (CPT x Loan value = monthly repayment is right?)
I suppose what i want to be able to calculate is the monthly repayments if i interchange any of the following.
term, interest rate, CPT
what are the relevant formulas!?
The nominal rate as stated in the instructions:thanks tried the formula alright, will take a bit of tweaking to get used to.
In [FONT=Georgia,serif][SIZE=+1]Karl Jeacle's[/SIZE][/FONT]Mortgage Calculator what interest value should i be inputting, the interest rate, the apr or the CPT?
Enter the nominal interest rate not an APR.
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