Financial Tools
🏠 House Mortgage Calculator
Calculate your monthly mortgage payments, total interest, and repayment schedule.
Loan Details
Real-time calculation
10.0%
0%100%
Years
1 year35 years
3.5%
0%10.0%
Loan Summary
Monthly Payment
Enter house price
PrincipalInterest
50.0%50.0%
Loan Amount
—
Down Payment
—
Total Interest—
Total Payment—
Loan Term—
Enter house price and loan details to see your estimated payments
House Mortgage Calculator FAQ
House loans and car loans in Malaysia have different interest calculation methods. House loans use a reducing balance method where interest is calculated on the remaining loan amount, while car loans use the Rule of 78 method which front-loads the interest. This makes house loans generally more cost-effective in the long run.
While house loan interest rates may appear higher, they are actually more accurate and transparent than car loan rates. Car loan rates in Malaysia often show a fixed interest rate that doesn't reflect the true cost of borrowing. When comparing the effective interest rates, house loans typically offer better value.
Early settlement of a house loan can result in significant interest savings because house loans use a reducing balance method. The interest is calculated on the remaining principal amount, so paying off the loan early means you'll pay less interest. However, some banks may charge an early settlement fee or lock-in period penalty.
Early Settlement Calculator
Early Settlement Calculator