Property
Absolute Cost of My House
By Financial Freedom  •  December 19, 2015
I did a quick calculation of the actual cost of my HDB flat today. While I bought the flat from HDB at a low $300K, when I add up interests at 2.6% for a 30 year repayment period of the mortgage loan, it actually adds up to cost in absolute dollars of over $400K. That is simply quite amazing! That is an additional $100K more than the mental figure I had in my head. It happens all the time when people ask me how much I bought my flat for, I simply give them the price at which I bought it from HDB. But today, after doing a real calculation of how much in absolute dollars and cents I am paying, I realise that the figure I ought to be quoting them is actually $100K more. That is of course if I do not make any early repayment of ......
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By Financial Freedom
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