hiya me and my boyfriend are getting a house and we are going to get a mortgage for £55,000 over 10 years how much would i be paying a month can i have calculations on £55,000 and £60,000 over 10 years plz thanxs xxx
2007-01-09 02:45:14 · 9 answers · asked by sara2007 1 in Business & Finance ➔ Other - Business & Finance
It depends on the rate you get, but assuming it is about 5.99% (about average)
£55,000 interest-only would be £275 per month
£55,000 repayment would be £610 per month
£60,000 interest only would be £300
£60,000 repayment would be £665
Hope it helps
2007-01-09 02:56:43 · answer #1 · answered by voodoobluesman 5 · 0⤊ 0⤋
It would depend on the lender you get the mortgage from and the interest rate they charge. It also depends if you get a capital repayment or interest only. Your rate depends on the value of the property you are buying and how much you have to put down as a deposit. You are probably looking at around £600 capital repayment, which is the best type of mortage to go for.
2007-01-09 02:56:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Assuming that you are paying interest at 7.5% the repayments are:
£55k - Capital and interest - £667.73, Interest only - £343.75
£60k - Capital and interest - £728.43, Interest only - £375.00
EIther try searching for an accountants website which may have an online calculator ( I found this one http://www.hartshaw.co.uk/ard/calculators/mortgage.asp ), get some advice from mortgage adviser, or ask your bank.
2007-01-09 02:58:48 · answer #3 · answered by Bob H 3 · 0⤊ 0⤋
Once surgeons begin specialist training, they can earn a basic salary of between £29,000 and £44,000 a year. (Thats £2417 to £3667 a month) Basic salaries for surgical consultants start at around £70,000 (£5833/month); the most senior consultants can earn over £160,000 (£13333/month). So the answer depends on how long the surgeon has been qualified for. Ok answer?
2016-05-22 22:42:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
55000/10 = 5500
5500/12 = 458.33 p/m plus intrest
60000/10 =6000
6000/12=500p/m plus int
2007-01-09 02:55:51 · answer #5 · answered by Edward W 3 · 0⤊ 0⤋
divide it by 10 then by 12 to get ur monthly repayments which is bout 458 then ur interest on top!
2007-01-09 02:49:23 · answer #6 · answered by Irishbird3 3 · 0⤊ 0⤋
can not help you without knowing the rate of interest you would be paying
2007-01-09 02:49:54 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Can you state the interest rate you've been offered?
2007-01-09 02:53:22 · answer #8 · answered by Anonymous · 0⤊ 0⤋
You have not said what the interst rate is that you have been quoted.
2007-01-09 02:52:55 · answer #9 · answered by D B 6 · 0⤊ 0⤋