Soontobewed
Registered User
- Messages
- 16
Hi all
thanks for previous advice.
Another FTB silly question here,
Just trying to work out ROUGHLY the monthly monthly repayment amt so need to know if the following example is correct- 90 % loan over 30 years, loan amt provided example 200k
so bank loans 200k , we pick fixed int over 5 years , at rate of say 3% interest.
By my rough FTB calculation that works out as 200k/30 years= 6666.67 per year x by 3% interest is €6866 gross per year , divided by 12 months is 572.22 gross amt per month before int relief .
would this ROUGH calculation be correct?
many thanks
STBW
thanks for previous advice.
Another FTB silly question here,
Just trying to work out ROUGHLY the monthly monthly repayment amt so need to know if the following example is correct- 90 % loan over 30 years, loan amt provided example 200k
so bank loans 200k , we pick fixed int over 5 years , at rate of say 3% interest.
By my rough FTB calculation that works out as 200k/30 years= 6666.67 per year x by 3% interest is €6866 gross per year , divided by 12 months is 572.22 gross amt per month before int relief .
would this ROUGH calculation be correct?
many thanks
STBW