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 Housing loan is scary

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kons
post Oct 10 2023, 10:45 AM

Конс
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Joined: Oct 2004



QUOTE(robotking123 @ Oct 10 2023, 09:28 AM)
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...
*
for house loan, banks will always use your installment for interest first.

my mbb house loan pay for 10 years, principal also reduce little bit only.


 

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