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.
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.
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 email@example.com here is their number +4470359 03933
by HubPages6 years ago
How To Pay Mortgage Early
by cknlgs29507 years ago
I owe $408,000.00 on a 6% interest only mortgage. My monthly payments are $2125.00 per month. ...If I pay the loan down to $143,999.00, what would my monthly payments be?
by flacoinohio2 years ago
What is an interest credit?I have been paying a Sallie Mae loan for seven years and realized in September that I had only paid down $900 on a $8500 private education loan. After realizing this I started paying...
by Shepherd's Lamb15 months ago
I just want to discuss what's going on in my little head right now and hope to hear from those of you more educated on the subject.I qualified to buy a condo in 2004 (six years ago). I paid $6,000 cash for...
by The Finance Hub2 years ago
What is the best way to pay off a mortgage?I don't have a mortgage but, I am planning on getting one. Any tips for paying one off?
by toni benner8 years ago
How do I make a payment online?I need to make a mortgage payment
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.