Mortgage Calculator
Estimate your monthly payments and home entry costs quickly and easily. Plan your financial future with confidence using our smart tools.
Mortgage Details
Did you know?
For a 30-year loan of RM450,000 at a 4.5% interest rate, a modest monthly overpayment of RM100 yields significant long-term savings. This strategy reduces the total interest expense by approximately RM35,862 and effectively shortens the amortization period by 2.5 years.
*Calculated based on inputs provided
Amortization Schedule
| No. | Payment | Principal | Interest | Balance |
|---|
Entry Cost Calculator
Estimate the upfront cash required to purchase your home, including Stamp Duty and Legal Fees.
*Estimated based on standard 2024 rates
A tax paid to the government (LHDN) to transfer the property title to your name. It's tiered based on the house price.
A flat tax of 0.5% on your total loan amount.
Fees paid to lawyers to process your paperwork. These are regulated by the government’s Solicitors’ Remuneration Order.
Entry Cost Details
Select 'Yes' to check if you qualify for Stamp Duty exemptions (Save up to RM11,500+ on properties below RM500k!).
You can withdraw from your EPF to cover the 10% downpayment or to reduce your total loan. This significantly lowers the 'upfront cash' you need.
Educational Tip
Buying a property involves more than just the downpayment. Budgeting for "closing costs" like Stamp Duty and Legal Fees (typically 3-5% of property price) ensures you aren't caught off guard by the upfront cash requirement.
Closing Costs: A Deep Dive
Understanding the standard fees and government regulations behind property transactions in Malaysia.
Stamp Duty (MOT)
Paid on the Memorandum of Transfer (MOT) or Deed of Assignment (DOA) to transfer the property title from the seller/developer to you.
| Price Tier | Rate |
|---|---|
| First RM100,000 | 1% |
| RM100,001 - RM500,000 | 2% |
| RM500,001 - RM1,000,000 | 3% |
| Above RM1,000,000 | 4% |
- First RM100,000 × 1%
- Next RM400,000 × 2%
- Next RM500,000 × 3%
- Balance above RM1,000,000 × 4%
Legal Fees (SRO 2023)
Governed by the Solicitors' Remuneration Order (SRO). These are separate for both the SPA and the Loan Agreement.
| Price/Loan Tier | Rate |
|---|---|
| First RM500,000 | 1.25% |
| Next RM7,000,000 | 1.00% |
Note: Minimum fee usually applies (RM500+). Many developers cover SPA legal fees in their marketing packages.
Loan Stamp Duty
A tax on the loan agreement itself, paid to the government (LHDN).
EPF Account 2 Withdrawal
Specifically from Akaun Sejahtera (Account 2). You can withdraw to cover the 10% downpayment or pay down the loan principal.
- Downpayment: Can withdraw more than 10% if your housing loan is less than 90%.
- Loan Repayment: Can be used for monthly installments or lump-sum reduction.
- Condition: Must be for your first or second house purchase.