Hi
Could somebody please explain how Bankwest calculated the home loan interest for April was $3,392.19
Calculation
Thanks
Dan
Product Type: FIXED RATE HOME LOAN 2 Limit: $543,300.80 Interest Rate: 7.45% Term: 360 Month(s) Repayment Amount: $3,780.25 Next Repayment Date: 30/04/2007 Current Balance: -$538,685.44 Available Balance: $4,615.36
30/04/2007 DEBIT INTEREST - CAPITALISED INT AFTER M/SAVR OFFSET $8.86 $3,392.19 -$538,685.44
23/04/2007 FROM DR $407.55 -$535,293.25
16/04/2007 FROM DR $3,800.00 -$535,700.80
10/04/2007 FROM DR $3,800.00 -$539,500.80
02/04/2007 DLI DIRECT LINK TITLE SEARCH $13.00 -$543,300.80
02/04/2007 GOVT FEE DOCUMENT STAMP DUTY $684.25 -$543,287.80
02/04/2007 DLI REGISTRATION OF MORTGAGE $82.00 -$542,603.55
02/04/2007 HOUSING LOAN APPLICATION FEE $700.00
-$542,521.55
02/04/2007 DLI CHECK TITLE SEARCH $6.50 -$541,821.55
02/04/2007 LENDERS MORTGAGE INSURANCE $14,300.80 -$541,815.05