Mortgage Repayments

[Blackandwhite]

We are looking at purchasing a house sometime this year in CM or hua Hin, we are looking in the bracket of 3-4 mill, with a 20% deposit is the a calculator site I can access that will give me ideas on repayments over 5 years 7 and 10 years ?

Or anyone had similar experience that could indicate to me some examples please.

If needed, wife Thai, Me British, we both live in Uk, can raise a bigger deposit if needed. House to go in my wifes name would like to add my daughter to the deeds also she has Thai nationality but is only eight can this be done.

[eljeque]

http://calculators.interest.com/content/calculators/monthly-payment.asp

If you can go to 50% deposit, I can help you get a loan at 5.8% / year here in Thailand.

you can PM me if you are interested.

Edited January 6, 2011 by eljeque

[Blackandwhite]

http://calculators.interest.com/content/calculators/monthly-payment.asp

If you can go to 50% deposit, I can help you get a loan at 5.8% / year here in Thailand.

you can PM me if you are interested.

Thank you for the reply, I am looking for advise on what it is likely to cost on the returns, link is broken, 5.8% is very high, we only pay between 1.95% and 4.6% here in the Uk

[Soutpeel]

http://calculators.i...hly-payment.asp

If you can go to 50% deposit, I can help you get a loan at 5.8% / year here in Thailand.

you can PM me if you are interested.

Thank you for the reply, I am looking for advise on what it is likely to cost on the returns, link is broken, 5.8% is very high, we only pay between 1.95% and 4.6% here in the Uk

But you are not buying in the UK.....interest rates vary country to country, so you cant compare rates in one country with another, 5.8% is not really that high, if unhappy with the rates in Thailand take out a loan in the UK to pay for the house in Thailand...

And yes your daughter can be "put" on the deed

[Blackandwhite]

http://calculators.i...hly-payment.asp

If you can go to 50% deposit, I can help you get a loan at 5.8% / year here in Thailand.

you can PM me if you are interested.

Thank you for the reply, I am looking for advise on what it is likely to cost on the returns, link is broken, 5.8% is very high, we only pay between 1.95% and 4.6% here in the Uk

But you are not buying in the UK.....interest rates vary country to country, so you cant compare rates in one country with another, 5.8% is not really that high, if unhappy with the rates in Thailand take out a loan in the UK to pay for the house in Thailand...

And yes your daughter can be "put" on the deed

I am fully aware that interest rates vary from country to country

But

Oh I see, I was under the impression that interest rates in Thailand would be at least comparable to those in Europe if not better ??

Glad daughter can go on deeds ??

[steelepulse]

Banks tend to have really big margins here. They don't pay anything on interest these days, yet borrowing money costs a lot more than most US/Euro/OZ banks.

[InterestedObserver]

http://calculators.i...hly-payment.asp

If you can go to 50% deposit, I can help you get a loan at 5.8% / year here in Thailand.

you can PM me if you are interested.

Thank you for the reply, I am looking for advise on what it is likely to cost on the returns, link is broken, 5.8% is very high, we only pay between 1.95% and 4.6% here in the Uk

But you are not buying in the UK.....interest rates vary country to country, so you cant compare rates in one country with another, 5.8% is not really that high, if unhappy with the rates in Thailand take out a loan in the UK to pay for the house in Thailand...

And yes your daughter can be "put" on the deed

I am fully aware that interest rates vary from country to country

But

Oh I see, I was under the impression that interest rates in Thailand would be at least comparable to those in Europe if not better ??

Glad daughter can go on deeds ??

There is no way a minor child can be registered on the title deed while mortgaged. After the bank removes the encumbrance - yes.

Edited January 8, 2011 by InterestedObserver

[eljeque]

Again, please let me know if you would like assistance on a loan of 50% at 5.8% / year.

Living overseas, it is not so easy to borrow here.

[Blackandwhite]

Again, please let me know if you would like assistance on a loan of 50% at 5.8% / year.

Living overseas, it is not so easy to borrow here.

Hi Eljeque, Thank you for your offer of help, I will be in touch if I need your support.

[geordie]

Me and the wife have a mortgage with Bangkok bank, we put 1.7 mil down. 3.1 Mil mortgage over 7 years payments 47000 baht a month. Bangkok bank have mortgage re-payment imformation sheet on their website.

Hope this helps

[gregb]

Again, please let me know if you would like assistance on a loan of 50% at 5.8% / year.

Living overseas, it is not so easy to borrow here.

Is that 5.8% fixed? For what term?

That's a really good rate for Thailand. You won't get anything below 6.375% adjustable from a bank right now.

Edited January 15, 2011 by gregb

[RAZZELL]

Me and the wife have a mortgage with Bangkok bank, we put 1.7 mil down. 3.1 Mil mortgage over 7 years payments 47000 baht a month. Bangkok bank have mortgage re-payment imformation sheet on their website.

Hope this helps

Do you have a job, WP etc?

RAZZ

[eljeque]

The 5.8% is variable

There is also......

50% of property value maximum

1,000,000 minimum

3,500 baht appraisal fee

5% loan fee

Borrower must be below the age of 60, and the mortgage can only go until his age reaches 60.. or...

If he has a co-signer, until the co-signer's age is 65

Foreigners can buy condos or their Thai wives can buy houses / shophouses based on the foreigner's credit.

[dave111223]

The 5.8% is variable

Variable based on what? MLR-0.575 for the life of the loan? Then that's a good deal. If it just "5.8% for the first year, then MLR" then that's a pretty standard/poor option compared to most Thai banks.

You can get 2.25% from Bankok bank...that's only for the first year though: http://www.bangkokbank.com/Bangkok%20Bank/Personal%20Banking/Loans/Home%20Loans/Interest%20Rates/Pages/Default.aspx

I think it would be misleading to say "You can get a 2.25% loan"

[geordie]

Me and the wife have a mortgage with Bangkok bank, we put 1.7 mil down. 3.1 Mil mortgage over 7 years payments 47000 baht a month. Bangkok bank have mortgage re-payment imformation sheet on their website.

Hope this helps

Do you have a job, WP etc?

RAZZ

I work offshore, not in Thailand

[sirineou]

If you have excel spread sheet installed in your computer, you can download a very good, free, mortgage calculator template from Microsoft at: http://office.microsoft.com/en-us/templates/results.aspx?qu=mortgage&origin=CT010152732

If not, use this mortgage calc. at: http://www.yourmortgagecalculator.com/ , make sure to check the box at the bottom of calculator labeled " Show me the calculations and amortization calculations" it will show you a payment schedule for the term of the loan.

Chok Dee