This seems like a simple question but I can't get my tiny brain to figure it out!!!
I am due to finish my fixed rate with nationwide and my research tells me it is best to go onto their BMR at 2.5% currently.
I want to do some budgeting, when putting the figures into an online calulator to calculate my monthly payment should it be the length of my mortgage when I took out the original deal (5 years ago, 26 years) or the length of my mortgage left (21 years)?
Hope that makes sense!
I am due to finish my fixed rate with nationwide and my research tells me it is best to go onto their BMR at 2.5% currently.
I want to do some budgeting, when putting the figures into an online calulator to calculate my monthly payment should it be the length of my mortgage when I took out the original deal (5 years ago, 26 years) or the length of my mortgage left (21 years)?
Hope that makes sense!