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Mortgage interest?

Borderfox · 2005-08-15 16:18:13

Hi all, Looking for a bit of help, I have a €300000 mortgage for 25 years. The interest rate is 3%. How do I work out how much interest I pay each year, I am useless at percentage especially the compound variety??? Thanks

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15-08-2005 5:18pm

#1

Borderfox

Registered Users Posts: 10,257 ✭✭✭✭

Join Date: September 2001

Posts: 9758

Hi all,

Looking for a bit of help, I have a €300000 mortgage for 25 years. The interest rate is 3%. How do I work out how much interest I pay each year, I am useless at percentage especially the compound variety???

Thanks

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