YOUR NUMBERS
Assumptions
RM
RM 50,000
%
Typical Malaysian home loans sit near 4%
% p.a.
Ends after 420 instalments
years
Searches, registration and stamping
RM
CASH NEEDED UPFRONTRM 74,625Before renovation, furnishing or moving costs
MONTHLY INSTALMENTRM 2,046.83On a RM 450,000 loan over 35 years
Upfront breakdown
- Down paymentRM 50,000
- MOT stamp dutyRM 9,000
- SPA legal feeRM 6,250
- Loan agreement legal feeRM 5,625
- Loan agreement stamp dutyRM 2,250
- Legal disbursementsRM 1,500
- Total upfrontRM 74,625
Total interestRM 409,667RM 859,667 repaid over the full tenure
Income guidelineRM 6,140Gross monthly pay that keeps this instalment near a third of income