How Can 2% of a 200k mortgage cost £332 when 2% is £4000

[Roonyroo]

How Can 2% of a 200k mortgage cost £332 month when 2% of £200,000 is £4000

Im guessing banks really really suck at maths ... lol

I'e tried googling this, but even wikipedia's entry doesnt explain this ...

[jadunning]

Try dividing 4000 by 12 months.

[nnnik]

lol

[garry]

;- http://ahkscript.org/boards/viewtopic.php?f=17&t=1829
didn't checked , just found this

http://www.wolframalpha.com/input/?i=mortgage

http://freewarehome.com/index.php?categ ... alculators
see mortgage
http://home.comcast.net/~charltoncr/


( german )
Z=(K*z*t/100*360)
z=(100*360*Z/K*t)
K=(100*360*Z/z*t)
t=(100*360*Z/K*z)

K=Kapital $ ( =100% )
Z=Zins in $
z=Zinsfuss in %
t=Days
( if t=years remove 360 )