2/17/2023 0 Comments Financial calculators for sale![]() That interest is charged to the loan account at the same frequency and on the same day as the repayments are made (this may not be the case for your loan). That your annual interest charge is divided equally over 12 monthly payments (in reality, interest is calculated daily and charged monthly which can lead to your interest charge varying between months). We do this as we can't predict what rates will do in the future. That the interest rate displayed will not change and will apply for the full 30 year loan term. When calculating repayments we have had to make a number of assumptions which may affect the accuracy of the amounts shown.
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