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
Calculated daily and there are different amount of days in the month. Interest should go down slightly over time as your outstanding balance reduces.
Calculated daily and there are different amount of days in the month. Interest should go down slightly over time as your outstanding balance reduces.
Month Payment Capital Interest (ex TRS) Num Days Interest Per Day
Jul € 2,078.29 € 340.20 € 1,738.09 31 € 56.07
Aug € 2,078.29 € 397.66 € 1,680.63 31 € 54.21
Sep € 2,078.29 € 343.33 € 1,734.96 30 € 57.83
Oct € 2,078.29 € 349.52 € 1,728.77 31 € 55.77
Nov € 2,078.29 € 462.43 € 1,615.86 30 € 53.86
Dev € 2,078.29 € 352.95 € 1,725.34 31 € 55.66
The number of days per month may not be based on the calendar days but on working days - you would need to read your mortgage contract to get the exact calculation used - it might depend on which day your payment was credited to the account, which might be differnet from one month to the next eg it falls on a Sat or Sun or depend on the time taken for the payment to reach the PTSB
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
Is it explained by the number of days with the weekends at the end of the month confusing things?
Ask ptsb for a copy of the calculation.
Why is only about 18% of your 2k payment going off the capital? What's the interest rate? Sorry I know this doesn't answer your original question I'm just wondering as in my own case (only 1 year into a mortgage) about half the repayment goes off the capital and the rest is interest.
Ask ptsb for a copy of the calculation.
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