Comparing a 7.88% fixed mortgage quote in Bangkok

[compass.keen]

The 7.88% quote is less straightforward than it first appeared. My specific concern is whether lower headline pricing is being offset by fees and the loan-to-value band.

This is for roughly THB 24,840,000 on a Bangkok property, fixed over 20 years. When comparing Thailand lenders, would you model payments and charges over the period you expect to hold the loan, or use the full term? I’m also checking early-payoff conditions and portability. The monthly differences look modest, so I want to test affordability first and then decide how much flexibility is actually worth.

 

[RightRoom]

The fees were the detail that changed my view; I would not choose solely by APR or by the monthly figure. Start with the same THB 24,840,000 amount and loan-to-value band for every lender, then price two scenarios: keeping the mortgage for all 20 years, and repaying or refinancing at the point you are most likely to move.

If early repayment is plausible, charges at that stage deserve more weight. If it is not, the long-term payment and affordability under ordinary ownership costs become the better comparison. Portability can sit outside the main calculation until its conditions are clear.

 

[quill.kind]

I would not give portability too much value until you know exactly when it applies and whether a future property or loan would still qualify. Early-repayment terms are more tangible.

Also run a second scenario where refinancing is unavailable or unattractive. If the 7.88% really remains fixed for the full 20 years, that removes rate-reset risk, but you should still test whether the monthly payment is comfortable after allowing for ownership costs and a cash buffer.