Interest for a 3-year loan term on a $1.4 million new launch unit (progressive payment):
- **Loan Amount:** ~ $1,050,000 (75% LTV)
- **Interest Rate:** ~ 4.34% per annum
- **Monthly Repayment:** ~ $31,500 to $32,000
- **Total Interest Paid Over 3 Years:** ~ $150,000 to $200,000
Consult a mortgage expert for precise calculations and advice.