Put $ to FD better or clear housing loan better?, 25 years,4 percent, RM 300,000
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 Feb 8 2024, 12:34 PM
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#1
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Junior Member
387 posts Joined: Sep 2005 
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Base on the scenario TS mentioned, if put FD 300k with 3% interest , after 30 years would be RM 737,052.66.
Interest charged on 4% mortgage loan would be RM 213,452.43 over 30 years. 437k interest earned (3%) - 213k interest charged (4%) = earn 224k cash if put in FD for 30 years. Something is not right, can someone clarify this? |
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Feb 8 2024, 12:43 PM
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#2
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Junior Member
387 posts Joined: Sep 2005
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Based on financial calculator from website. Look like FD 3% earn more than loan 4% ?
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