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Tips for buying a house cheaper
Tips for buying a house cheaper
Tips for buying a house cheaper
Home is one of the four factors that everyone needs. And it's one property we all plan on buying or owning. But wouldn't it be better if we could buy a house at a lower price than it should be? Just we add money in installments to the bank. or our creditors
Do your friends know that if we add money to the installment of only hundreds per month? We will be able to make our house cheaper by hundreds of thousands. Will tell you tips on how we can buy a house at a cheaper price, let's just go see it.
1. that we are in installments nowadays without adding money
2. The actual home installment schedule will look like this.
3. But if we add money in installments per installment into 100 baht per month
4. If we want to add more, 500 baht per month
5. How would it be if we paid additional installments in the thousands?
1. that we are in installments nowadays without adding money
Usually, most people pay off their homes for 30-40 years without knowing that If we continue to pay installments until the end of the period specified by the bank The interest will eat almost as much as the price of the house we buy.
2. The actual home installment schedule will look like this.
Monthly installment 15,000 baht, loan amount 3 million baht
An example of a loan from a bank
Loan tenure 30 years, total installments 357 installments
First installment - 36 (fixed interest) 2.2%
installment 37-357 5%
The total installment amount is 5,349,403.29 baht.
The total interest payable is 2,349,403.29 baht.
3. But if we add money in installments per installment into 100 baht per month
The results are as shown in the table below.
Monthly installment 15,100 baht, loan amount 3 million baht
An example of a loan from a bank
Loan tenure 30 years
The total number of installments is 352 installments.
First installment - 36 (fixed interest) 2.2%
installment 37-352 5%
The total installment amount is 5,304,465.01 baht.
The total interest payable is 2,304,465.01 baht.
Increasing the installment that we pay 100 baht per month, we save interest up to 2,349,403.29 - 2,304,465.01 = 44,938.28 baht and besides that we also save another 5 months.