BLVD or Boulevard is a condominium located near Farlim but not inside Farlim area...
Selling Price of BLVD: RM282,000.00
Extra 1 Car Park Lot: RM24,000.00
Assuming the Loan Amount: RM306,000.00
Annual Interest Rate: 5.00%
Term Length: 30 Years
So, monthly repayment to bank will be RM1,642.67
Total Payments after 30 years: RM591,364.56
Total Bank Interest: RM285,364.56
Estimated Last Payment Date: 01/12/2038
Well, imagine the bank earning. I've just made the downpayment for this Boulevard Condominium yesterday (29/03/2009) and estimated project completion date is 2012. Still got 3 years from now...
At least 3 years from now, I can try my best to save the money for the nice, modern and high tech renovation to my very own house... :)