Easy Malaysia Mortgage Calculator – Calculate Repayments Online

This guide is for anyone in Malaysia—especially first-time homebuyers and property investors—who needs a quick, accurate, and easy way to understand the financial commitments of buying a home. It solves the core problem of demystifying home loan calculations by providing not just your monthly installment but also the crucial upfront costs many people forget.

See more: How OPR Affects Home Loan Interest Rates in Malaysia (2025)

Real-Life Examples: See the Calculator in Action

Example 1: First-Time Homebuyer in Kuala Lumpur

Sarah is looking to buy her first condo for RM 450,000. She wants to see what her payments would look like with a standard 10% down payment over the maximum 35-year tenure.

• Property Price: RM 450,000
• Down Payment: 10%
• Loan Tenure: 35 years
• Interest Rate: 3.85%

Sample Output:

• Loan Amount: RM 405,000
• Estimated Monthly Installment: RM 1,805
• Total Upfront Cost (Down Payment + Fees): RM 62,500

Example 2: Upgrading to a Terraced House in Penang

The Lim family is buying a terraced house for RM 700,000. They plan to pay a 20% down payment and want a shorter loan tenure of 30 years.

• Property Price: RM 700,000
• Down Payment: 20%
• Loan Tenure: 30 years
• Interest Rate: 3.75%

Sample Output:

• Loan Amount: RM 560,000
• Estimated Monthly Installment: RM 2,593
• Total Upfront Cost (Down Payment + Fees): RM 171,800

This calculator helps you determine whether you can comfortably manage the loan

How to Use the Calculator: A Simple Step-by-Step Guide

Our calculator is designed to be intuitive. Follow these four simple steps to get a clear picture of your home loan.

1. Enter the Property Price: Start by typing the full purchase price of the property you’re interested in (e.g., 500000).
2. Set Your Down Payment: Use the slider to adjust the down payment percentage. The standard is 10%, but you can see how paying more upfront affects your loan.
3. Choose Your Loan Tenure: Select the number of years you want to take to repay the loan. The maximum in Malaysia is 35 years. A shorter tenure means higher monthly payments but less interest paid overall.
4. Input the Interest Rate: Enter the estimated annual interest rate from the bank. If you’re unsure, a good starting point for mid-2025 is between 3.75% and 4.25%. Click “Calculate” to see your results instantly.

Key Features That Make a Difference

• All-in-One Cost Estimation: Unlike basic calculators, this tool shows your Total Upfront Cost. It automatically estimates legal fees and stamp duty, so you know how much cash you need on hand beyond the down payment.
• Interactive Sliders: Easily adjust your down payment and loan tenure with intuitive sliders to instantly see how different scenarios impact your monthly payments.
• First-Time Homebuyer Focus: The calculations automatically factor in stamp duty exemptions available to first-time homebuyers in Malaysia, providing a more accurate and relevant estimate for this group.
• Clean & Simple Interface: No clutter or confusing jargon. Just the essential inputs and clear, immediate results designed for ease of use on any device.

Try: Malaysia Stamp Duty Calculator For Property Purchase

Frequently Asked Questions (FAQ)

1. What is a good mortgage interest rate in Malaysia?

As of mid-2025, a competitive interest rate for a standard home loan in Malaysia typically ranges from 3.75% to 4.5%. Your final rate depends on your credit profile, the bank’s assessment, and the prevailing Standardised Base Rate (SBR).

2. How much down payment do I really need in Malaysia?

Legally, you need a minimum of 10% for your first residential property. However, schemes like “Skim Rumah Pertamaku” may allow eligible first-time buyers to secure up to 110% financing, meaning no down payment is required.

3. Can I afford the monthly installment the calculator shows?

Banks use a Debt Service Ratio (DSR) to check affordability. Your total monthly debt payments (including the new home loan) should not exceed 60-70% of your net income. Use your DSR to confirm if you can comfortably manage the payment.

4. What other costs are involved besides the down payment?

You must budget for legal fees for the Sale and Purchase Agreement (SPA) and loan agreement, as well as stamp duty on both documents. Our calculator provides an estimate for these costs under “Total Upfront Cost.”

5. Why does my monthly payment change with the loan tenure?

A longer loan tenure (e.g., 35 years) spreads the loan amount over more payments, making each payment smaller. A shorter tenure (e.g., 20 years) means higher monthly payments, but you’ll pay off the loan faster and save significantly on total interest.

6. How accurate is this mortgage calculator?

This calculator provides a very reliable estimate for planning purposes. The final loan amount, interest rate, and monthly installment will be confirmed by your bank based on their official valuation of the property and your personal credit assessment.

7. What is the difference between SBR, BR, and BLR?

The Standardised Base Rate (SBR) is the current official reference rate for all new retail floating-rate loans. It is linked directly to the Overnight Policy Rate (OPR). BR (Base Rate) and BLR (Base Lending Rate) are older systems that are being phased out for new loans.