Own a 3 bedroom flat at Prime Water View, Ikate, Lekki phase 1
The sales value of the house is 52m.
In d first year u will make an initial deposit of 10% which is N5, 200, 000
You will make 3% payment on the sales value which is the Premium N1,560,000
You will of cause pay you rent since u occupy the place. Therefore, rental value is N2, 800, 000
The total sum of N9, 560, ,000 would be paid in the first year.
In the second to fifth year only premium and rent would be paid, which is N4, 360, 000
After the fifth year, the sum total of your premium for 5 years will be subtracted from the sales value of N52 , 000, 000 and you pay up your balance then u don’t pay forever!