how do i find the interest we paid last year on our home

1. 47

   bigdaddyjjposted 14 years ago

   how do i find the interest we paid last year on our home

   replyreport
2. 0

   Martyv25posted 14 years ago

   Hey dude welcome to Hubpages, answer to your question. I would take a look at your latest mortgage statement it should be detailed on there, it would be in England not sure where you are from.
   
   If not check how much your interest rate is (APR). Lets say it's 5.5% and you pay 600pm on your mortgage
   
   600 x 12 is £7200 - 5.5% = £6804, in the first year of your mortgage you will never pay this much off but it gives you an idea.
   
   I'm no financial expert but that is how I would work it out.

   replyreport
3. 61

   gposchmanposted 14 years ago

   Here are three possible solutions.
   The financial institution that services your mortgage is required by law to supply this information.  If you haven't got it, call them.
   
   If you have your receipts from the year, the interest is provided there, and you can add them all up. If you have the last one you can back track by looking at what you paid in principal, interest and full payment.  It take a lot of math, but it can be done.  If you have last January's bill, you can do the same and work forward.
   
   If you have you mortgage information from the beginning including Mortgage amount, rate, number of payments, and know how long you have had your mortgage, you can use a free mortgage payment calculator on the internet and you can plug in the numbers and you will get all the payments amortized out and you can select the twelve payments that fit within the appropriate year.  The principal will be displayed for each payment. 
   
   I hope this helps.
   
   Gene Poschman

   replyreport
4. 48

   debbyrayposted 13 years ago

   how do i find the interest we paid last year on our home
   
   Im Mrs.Deborah Ray from Atlanta.i know how it feels like to be in stress.I needed a loan badly as a single parents when i lost my husband in an auto crash.I needed this money for the Purpose of business.i could not find anyone,not until a friend directed me to UK NATION loans.i was granted 55,000 Pounds without stress.since then i have promised to advertise for them.If you are in need of urgent finance get to them on ukloanslimited@live.com here is their number +4470359 03933

   replyreport