Please state loan amount.
If not I can't calculate.
Financial Housing Loan Question: ZEC vs NZEC, Please advise me...
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 Oct 2 2009, 09:50 AM
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#1
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Senior Member
1,068 posts Joined: Jan 2007  
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Oct 2 2009, 08:22 PM
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#2
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Senior Member
1,068 posts Joined: Jan 2007
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ZEC
60 months interest amount: $50,653.05 360 months interest amount: $170,810.84 NZEC 60 months interest amount: $45,701.45 360 months interest amount: $165,147.05 NZEC requires RM7k upfront, taking ZEC would be cheaper overall. |
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Oct 5 2009, 09:04 AM
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#3
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1,068 posts Joined: Jan 2007
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QUOTE(??!! @ Oct 4 2009, 02:18 PM) Jason and Pai, please help me with my maths. Assume I have no alternative investment opportunity except to place the 7k in 12 mths FD of 2.5%. Ignoring tax position and future value considerations, At first glance, NZEC cost of financing (at -2.3% @ yr 1-3 & -2.4% @ yr 4-5) is cheaper than ZEC at -2.0% @ yr 1-5  If you look at my results. In first 5 years, NZEC interest minus ZEC interest would result RM4951.60. By looking at this data, NZEC is cheaper. Remember NZEC need to pay RM7k upfront? So the total expenses for NZEC is RM2048.40 extra compare to ZEC in first 5 years which is lock in. |
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Oct 6 2009, 07:53 PM
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#4
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Senior Member
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QUOTE(??!! @ Oct 6 2009, 07:05 PM) Thanks! Cash flow better in NZEC Err.What about loan outstanding amount at end of yr 5 for both ZEC n NZEC ??? ZEC have better cashflow. Do you still follow me? |
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