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.
Learn with a worked guide
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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