Mortgage Calculator
Estimate the cost of financing a property and see how deposit, interest rate and loan term affect repayments.
How it works
- Loan principal equals property price less the deposit.
- Monthly repayments use the standard amortising-loan formula with a fixed annual rate converted to a monthly rate.
- Results exclude taxes, insurance, legal fees and lender-specific charges.
Example
For a RM1,000,000 property with a 20% deposit, 4% annual interest and a 30-year term, compare the estimated monthly repayment and total financing cost.
Frequently asked questions
How is the mortgage payment calculated?
The calculator uses the principal, monthly interest rate and number of monthly repayments in a standard amortisation formula.
Does a larger deposit reduce the monthly payment?
Yes. A larger deposit reduces the amount borrowed, which normally reduces both the monthly payment and total interest.
What happens if the interest rate increases?
A higher rate increases the monthly repayment and total interest paid over the loan term.
Is a longer loan term always better?
A longer term can lower the monthly payment, but it usually increases total interest.
Does this show how much I can afford?
It estimates repayment cost only. Affordability also depends on income, other debts, savings and lender rules.
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