The increase in interest rate really hurts......

[waterdestiny]

Annual interest rate	1.15%	2.25%
Loan amount	$750,000	$750,000
Loan tenure	20 years	20 years
Monthly payment	$3,499.63	$3,883.56
Total interest paid	$89,911.08	$182,054.91
Total amount paid	$839,911.08	$932,054.91

For the same loan amount of $750,000, an increased interest rate means need to pay nearly $100,000 more!

 

[articland05]

selling hse living under bridge naoooo


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[Kunkka]

Low interest rate also didn’t benefit me

 

[Flexamoria]

No need to buy, just rent sua

 

[blue666]

Amortize over 30 years, it is peanut

Capital gain exceeds the IR

 

[Potato_Wedges]

OK. Renting GCB now. Cheaper.

 

[tuxguy]

Most ppl don’t care abt such calculations. They think they can tank the monthly installment, ok liao

After some time sell after capital appreciation. That’s what they think

 

[Killertomato12]

Annual interest rate	1.15%	2.25%
Loan amount	$750,000	$750,000
Loan tenure	20 years	20 years
Monthly payment	$3,499.63	$3,883.56
Total interest paid	$89,911.08	$182,054.91
Total amount paid	$839,911.08	$932,054.91

For the same loan amount of $750,000, an increased interest rate means need to pay nearly $100,000 more!

Hello, those lower income families are paying 2.6% for their HDB loan. If u can afford a pte property, I believe u are having a good paying job compare to those lower income HDB owners right?

 

[fearhimwhofearsnothing]

No need to buy, just rent sua

That's the problem. The high inflation and high interest rates also increase the required return of all asset classes, real estate included. Hence, rent is expected to. Increase

 

[Tony.Manero]

Most chao sinkies will imagine the inflates price down the road will cover all these kachang puteh interest rate increase.

 

[Dinoboyboy]

can pass the cost to the next buyer just like a ponzi scheme.


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[disavowed]

Annual interest rate	1.15%	2.25%
Loan amount	$750,000	$750,000
Loan tenure	20 years	20 years
Monthly payment	$3,499.63	$3,883.56
Total interest paid	$89,911.08	$182,054.91
Total amount paid	$839,911.08	$932,054.91

For the same loan amount of $750,000, an increased interest rate means need to pay nearly $100,000 more!

Ceteris paribus, the price of house should fall to offset the increase in total interest paid

 

[disavowed]

Most ppl don’t care abt such calculations. They think they can tank the monthly installment, ok liao

After some time sell after capital appreciation. That’s what they think

At most do some extra grab

 

[eyz]

luckily I signed 5 years fixed 2% last year. loan amount was 200k, so that was the only deal.

 

[bossjiaksai]

Not like you have a choice lmao

 

[focus1974]

Annual interest rate	1.15%	2.25%
Loan amount	$750,000	$750,000
Loan tenure	20 years	20 years
Monthly payment	$3,499.63	$3,883.56
Total interest paid	$89,911.08	$182,054.91
Total amount paid	$839,911.08	$932,054.91

For the same loan amount of $750,000, an increased interest rate means need to pay nearly $100,000 more!

You don't invest in property or stocks for sure..
you dont calculate absolute amount paid ... without regards to the time value of money.

 

[Plow98]

Annual interest rate	1.15%	2.25%
Loan amount	$750,000	$750,000
Loan tenure	20 years	20 years
Monthly payment	$3,499.63	$3,883.56
Total interest paid	$89,911.08	$182,054.91
Total amount paid	$839,911.08	$932,054.91

For the same loan amount of $750,000, an increased interest rate means need to pay nearly $100,000 more!

If loan interest raised to 2.25%,
it is going to be a miracle.
.
Moi waiting for FD interest rate to be at 6% or higher;
What do you think will be the loan interest rate?

 

[onegoal]

selling hse living under bridge naoooo


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Selling house, living in airpork nao

 

[bakuganboy]

Ok lah, just $400 more.
Half way, u sell oready, no need 20 yrs

 

[onegoal]

Private owner with 1.5million confirm uplorry when interest is 4%.

They will have to sell their condo at loss abd buy HDB and beg for concession 2.7% HDB loan. Hard truth.