I am coming to the end of a 3 year fixed term with brings me into year 5 of a 20 year mortgage. When trying to work out the different rates from different providers, do I multiply the euro repayment amount per 1000€ by the remaining balance or by the original balance?
ie if the original loan was 200k
the rate per 1000 is 6.50
and the remaining balance today is 170k
Would my new monthly mortgage repayments be
6.5 x 200 = 1300
or
6.5 x 170 = 1105
Hope I have explained this clearly.
Thanks,
ie if the original loan was 200k
the rate per 1000 is 6.50
and the remaining balance today is 170k
Would my new monthly mortgage repayments be
6.5 x 200 = 1300
or
6.5 x 170 = 1105
Hope I have explained this clearly.
Thanks,