Loan 350k
Today outstanding: 320k
Already served 6 years plus, 1500 monthly

6 x 12 x 1500 = 108k
108k - 30k = 78k

Bank already earned 78k interest from me, bloody hell
Gov should do sthg, how can house loan be so expensive...

uncle think government should propose TAMAN development instead of condo.....condo is really not suitable for Malaysian

unker always advise younger kolik upon their asking, stop focusing on how much you want to spend on renovate your house nicer, instead focus how to cut down on unnecessary renovation and increase your down payment or how to grow income with those.

All those young kids rileks je spending more then 100k cash on this sort of things.

In the end, you a grown adult, your own money, no need other people to tell you how to spend them.

Izit possible opr more than epf?

Lol your concept is right but the numbers are all wrong.

Thats why unker buy 4 acres of land with pertanian status.........when cheap only cost 360k.....build house with 5 rooms 20X25 02 halls 30X25..02 parking garage....3 porch.....

all without the hassle of approval from local counsil because of the status of the land..........and best of all it only cost me 160k.....

simple math la come on. use house loan calculator/compounding calculator to count and u will see the numbers.

as long as interest u can earn > house loan interest then u are safe to keep there.

500k


400k

and for 100k that u put in epf with 5.5% u will get 4.96x 100k after 30 years

I agree keep in epf is better, but not as much as shown in your calculation.

You see, 500k/30y you pay monthly RM2387.08, but 400k/30y you only pay RM1909.66. Difference is RM477.42/month. If you put RM477.42/month into epf, you will have RM414,620.68.

Plus the RM72k, you will get RM486,620.68.

Just RM11k less only.

lets say u borrow 500k for 30 year 4%, at the end u have to pay 359k interest on top of the 500k.

but if u pay 100k downpayment and borrow 400k for 30 years at 4%, at the end u have to pay 287k interest on top of 500k.

difference is u save rm 72k on interest

but, if u take that 100k and dump into epf lets say 5.5% for 30 years, u will have 498k after 30 years.

minus the 72k due to house loan interest difference, u still have 426k extra.

so for me, is really no brainer la, i sure whack highest loan tenure as possible and save the money elsewhere with higher return than house loan.

but will get in trouble if use it to leverage and borrow more to goreng house. once opr hike more than epf rate then gg

Borrow 400k, va 500k. You pay less monthly installments for 400k loan.
You forgot to add the interest you will gain if you invest this installment difference every month by putting inside epf.

how to pay principal if u have flexi loan account

i use cimb online the cibai sotong dun let me pay, macam need to raise instructions over the counter

how to pay principal if u have flexi loan account

i use cimb online the cibai sotong dun let me pay, macam need to raise instructions over the counter

own nothing n be happy

House loan also scared. Why need to scared, no money can sell get some profit, can rent. Unless you buy very bad property, than die lo.