Feb 22 2011, 01:43 PM
QUOTE(ICDeadPeople @ Feb 22 2011, 01:27 PM)
Since you are already commited RM1k/month, why not take the asb loan than?
Looking at the MBB repayment table, for current BLR rate, and assume same BLR for 20 years, for RM995 per month you can get a RM155k.
Say asb divident is 7% a year:
save RM995/month for 20 years
asb value at year 20: RM508,045
Total investment= RM995*20*12= RM238,800
Dividend: 508,045-238,800=RM268,245
Put RM155k on ASB, and continue paying banks at RM955
asb value at year 20: RM599,801
Total payment to bank: RM995*20*12= RM238,800
Dividend: RM361,001
Can you touch the principal of RM155K before fully paid the bank loan i.e. 20 yrs?Looking at the MBB repayment table, for current BLR rate, and assume same BLR for 20 years, for RM995 per month you can get a RM155k.
Say asb divident is 7% a year:
save RM995/month for 20 years
asb value at year 20: RM508,045
Total investment= RM995*20*12= RM238,800
Dividend: 508,045-238,800=RM268,245
Put RM155k on ASB, and continue paying banks at RM955
asb value at year 20: RM599,801
Total payment to bank: RM995*20*12= RM238,800
Dividend: RM361,001
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