Condo Market Rate: 250 k
Margin Financing: 200 k
Case 1 Fixed Rate 4.99 % ( Offered by AIA)
Case 2 Semi Flexi 4.35 % (Offered by Pbbank)
From the above two comparison Semi Flexi Loan will be a better choice, why?
a) Interest for 20 years is 99798 vs fixed rate 116513, different about 16 715, although fixed rate absorb the loan legal and valuation fees about 6 k (3% of loan amount), it still save about 10 k for semi flexi loan interest.
b) Installment is lower 1249.16 (Semi flexi) vs 1318.81 (fixed rate), about RM 69.65 per month.
c) Semi flexi can reduce the interest when you have extra money compare to fixed rate.
Any other comments/suggestions?