I think the more interesting point is the interest rate. 1% @ 35 years is exceptionally low. In the US, say at a 3.5% and 30 year loan, your monthly payment

I think the more interesting point is the interest rate. 1% @ 35 years is exceptionally low. In the US, say at a 3.5% and 30 year loan, your monthly payment would be closer to $1,350. Add property taxes and insurance, and you are probably closer to $1,500.