Of course, it is cost-effective. According to the calculation, the annual interest rate of your loan is 6.46%, and the monthly interest rate is 6.46%/ 12, which is far lower than the benchmark interest rate of mortgage for more than five years (7.05%).

Monthly repayment amount =150000 * 6.46%/12 * (1+6.46%/12)120/[(1+6.46)

Description: 120 is the power of 120.