Fixed mortgage rate repayment higher than I had expected

jonq74

Frequent Poster
Messages
57
I fixed with aib at 2.5% for 5 years. I thought my repayment would be 727pm bit aib letter says 754.amt overall mortgage borrowed is 184k over 30years with 10years paid. Anyone have any idea why they charge 754
 

Brendan Burgess

Founder
Messages
38,671
Hi jonq

The original mortgage and term is irrelevant at this stage.

You need to know the exact mortgage balance and the exact term left on the date you fixed.

Brendan
 

jonq74

Frequent Poster
Messages
57
Hi jonq

The original mortgage and term is irrelevant at this stage.

You need to know the exact mortgage balance and the exact term left on the date you fixed.

Brendan
Ah ok. The exact mortgage left is 138474and the final repayment date is 1/4/2039if that helps
 
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