Malaysia Mortgage Calculator

A mortgage calculator helps you estimate your monthly home loan payments, total interest, and overall loan cost. It considers factors like property price, down payment, interest rate, and loan term to provide detailed payment breakdowns.

In Malaysia, mortgage interest is calculated using the reducing balance method. This means interest is calculated based on the remaining loan balance each month, making it more accurate than flat rate calculations.

Mortgage terms in Malaysia typically range from 20 to 35 years. Longer terms result in lower monthly payments but higher total interest costs. The most common term is 30 years.

For first-time homebuyers in Malaysia, a minimum down payment of 10% is required. However, a down payment of 20-30% is recommended to reduce your loan amount, monthly payments, and total interest costs.

Mortgage interest rates in Malaysia are influenced by several factors including:

• Bank Negara Malaysia's Overnight Policy Rate (OPR)
• Your credit score and history
• Loan term length
• Property type and location
• Market conditions