Hi all,

I need some help with loans again.
I identified a place that i am interested in from iproperty which cost about 1.2mil.
I approached a bank that offered me a 30 year 3.85% interest rate loan but the repayment is estimated to be 7k a month.
When i checked iproperty calculator it is about 5k a month. So is it normal for the difference to be so big?

nope. If i use 30 years its 5k. But the difference is a lot compared to what the bank gave at 7k.
Thinking if my estimates are off and if I should reconsider getting a house.

MRTA would cos me 2k a month? Then I guess I need to think about it since I got no dependents.