Let's Take a Closer Look At Your Loan or Mortgage

 

 
Before
After
Housing Loan
RM250,000
RM250,000
Interest Rate
6% p.a.
6% p.a.
Repayment Period
30 Years
15 Years
Total Payments
RM540,000
RM380,000

 

 

 

 

 

 

 

".....a 30 year loan is reduced to about 15 years that sharply cuts the amount of interest you pay during the life of the loan.....on a RM250,000, 30 year loan..... you'd cut the interest.....a Savings of RM160,000. Also.....you'd build up more equity earlier."

 

Debt Comparison

 

 

Interest Savings Earned Using MRP!

 

 

Equity Over Time

 

 
Installment Paid In
Actual Principal Paid
5 Years
RM90,000
RM17,336.61 (only 6%)
15 Years
RM270,000
RM72,389.65 (only 29%)
23 Years
Still owe 41% of what you have borrowed

 

 

 

 

 

 

The Debt Burden