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 can property really a choice of investment?, think about it/

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TShackwire
post Jul 17 2007, 10:43 PM, updated 19y ago

Look at all my stars!!
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4,256 posts

Joined: Jan 2005
see this basic calculation for loan repayment for an investment for KEN 2. Property Price estimated at RM 360K.
Loan = Rm 330K.

Complete the fields below to determine your monthly payments for your home loan.

How Much You Wish To Borrow? : RM 330K

What Is The Interest Rate On Your Loan? (% p.a.) * : 5.99 %
How Many Years You Wish To Borrow? : 30
Amount You Have To Pay Monthly (Monthly Repayment) : RM 1,976.40
Monthly Repayment to Combined Income Ratio Available. (%) ** : 33
Your Minimum Monthly Income Required : RM 5,989.00

Current Rental for fully furnished: Rm 2K estimated.
cost not added in yet such as quit rent, assesment rate, rental tax, maintenance fee + Sinking fund, legal fees , furniture cost for fully furnished condo, renovation cost, repairing cost (annual) etc.

30 years of burden.

This post has been edited by hackwire: Jul 17 2007, 10:44 PM

 

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