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...
if flexi loan. park all ur extra money insideToday 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...
btw assuming you loan 350k at 4.15% with tenure 35 years. thats come about 1.6k a month. total interest paid to serve 35 years is 314k.
if u pay extra 1k a month, your tenure is cut off by 20 years roughly . you will settle your loan around 15 years with total interest paid roughly 120k.
This post has been edited by sheahann: Oct 10 2023, 09:34 AM
Oct 10 2023, 09:31 AM

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