On the mortgage documents is a list of the interest payments for each year. If they are by month, you add them up. You get the year's interest payments. When you fill out your income tax forms, you...
Lock in rate This is the difference between the Libor rate and the futures rate when the contract is taken out on a pro rata basis. E.g. Now - 1 July Libor - 5% December Futures - 8%
If we are...
the amount times % divided by 365= 1 day then multiply that by # of days for month etc...
eg: 10000*4%/365=1.096/day
1.096*30=32.88 interest for 1 month