Credit Card offers- Onile savings account- personal insurance » Monthly Payments http://www.cashorcredit24.com Find answers for all your financial problem Fri, 29 Apr 2011 17:58:04 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 How could I work out my monthly mortgage payments if I only had a pen and paper? http://www.cashorcredit24.com/how-could-i-work-out-my-monthly-mortgage-payments-if-i-only-had-a-pen-and-paper http://www.cashorcredit24.com/how-could-i-work-out-my-monthly-mortgage-payments-if-i-only-had-a-pen-and-paper#comments Sat, 23 Jun 2007 14:34:57 +0000 admin http://www.cashorcredit24.com/how-could-i-work-out-my-monthly-mortgage-payments-if-i-only-had-a-pen-and-paper mortgage
fergl asked:


I know I could use a simple mortgage calculator, but I am curious to know how my mortgage payment is arrived at. Is it cumulative interest plus principal divided by years and months. Please could you supply a detailed example as I not too hot with maths. For example a £100000 mortgage at 5% over 25 years.

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