Interest Query linuxpenguins

#1
Hello



I am due to remortgage this afternoon and have the following question:



Rate 2.09%

Amount: 67000

Monthly payment: 342



How much of this is interest per month? I calculate £117 of the amount paid per month is interest? Is this correct?



Basically



I want to make the following OP



Monthly: £617



So that if my calculations correct £500 capital is being paid and £117 interest



Is this correct?

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