QUOTE(davison @ Mar 30 2017, 04:20 PM)
Hey bro, everything i am calculated Rm 470,000 principle.
From TS scenario with principle 470,000 and he got 40k on hand then he have planning what to do with the 40k,
from the example i have is 470,000 without any extra payment how much interest have to pay,
2nd example is 470,000 principle and dump in 40k cash which mean left 430,000 principle then to calculate the total interest to pay.
Finally compare back to your 40k put into FD with 4.07% p.a. over 30 years total interest u got.
if u want example for 470,00 principle and pay extra monthly payment with Rm200 per month after 1 year loan, then see this and compare the interest u could save between FD interest u got. (200 per month x 12 x 29 = 69,600)
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No, what i meant is that in your 2nd example, you are going to get "extra" rm200 monthly because the monthly installment has been reduced compared to the 1st example where the money is kept in FD
As another forummer has said, dump in money to whichever has higher interest.
In TS case, the loan 4.17% has higher interest than FD 4.02%
And it will be very very rare that FD% > loan%.