Financial Tools
🏠 House Mortgage Early Settlement Calculator
Calculate your early settlement amount, interest savings, and remaining balance.
Loan Details
Real-time calculation
10.0%
0%100%
Years
%
Months
1 month360 months
Settlement Summary
Settlement Amount
RM 0
Interest PaidInterest Remaining
NaN%NaN%
Interest Paid
RM 0
Interest Saved
RM 0
Principal PaidRM 0
Remaining BalanceRM 0
Months Remaining0 months
This is an estimate. Actual settlement amount may vary based on your bank's calculations and fees.
House Mortgage Early Settlement FAQ
The early settlement amount is calculated based on the remaining principal balance of your loan. Unlike car loans that use the Rule of 78, house loans use a reducing balance method, which means you'll save more on interest by settling early.
Yes, you can save significant money by settling early with a house loan. Since house loans use a reducing balance method, the interest is calculated on the remaining principal amount. This means you'll save more on interest compared to car loans.
Some banks may charge an early settlement fee or have a lock-in period. The fee is typically a small percentage of the remaining loan amount or a fixed amount. Check with your bank for their specific early settlement terms and conditions.