If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Mortgage interest rate calculation

obi604 · 2011-06-23 22:44:18

This is gonna be a really stoopid question so, ive been online looking at some mortgage calculators and just as an example on this link : http://www.guardian.co.uk/money/mortgage-calculator ive done the following, screen grab shud be below so it kinda makes sense. but the q I have is on the 5 % "interest rate of the loan"…

23-06-2011 10:44pm

#1

obi604

Registered Users, Registered Users 2 Posts: 5,855 ✭✭✭

Join Date: February 2008

Posts: 5284

This is gonna be a really stoopid question

so, ive been online looking at some mortgage calculators and just as an example on this link :

http://www.guardian.co.uk/money/mortgage-calculator

ive done the following, screen grab shud be below

so it kinda makes sense.

but the q I have is on the 5 % "interest rate of the loan" that I have entered

what exactly is this 5% of

0