TaxRookie.myTaxRookie

Malaysia House Mortgage Calculator

Calculate your monthly home loan installments, stamp duty, legal fees, and insurance

Mortgage Details

Default: 10% of property price (editable)
Typical: 3.5% - 4.5% for home loans
Optional: Additional amount to pay each month

Monthly Installment

RM 2,148.37
Down Payment:RM 50,000.00
Loan Amount:RM 450,000.00
Total Interest:RM 323,412.78
Total Repayment:RM 773,412.78
Total Months:360 months

Costs Breakdown

Stamp Duty

RM 9,000.00
*Based on 2024 Malaysia progressive rates (1%-4%)

Legal Fees

Professional Fees:RM 3,950.00
Disbursements:RM 4,000.00
Total Legal Fees:RM 7,950.00
*Based on Housing Developers Act scale + estimated disbursements
Total Upfront Costs:RM 16,950.00

Mortgage Insurance

Age affects insurance premium calculations

MRTA

Coverage decreases with loan balance

One-time Premium:RM 2,700.00
Or Monthly:RM 7.50
✓ Lower cost
✓ Covers outstanding loan

MLTA

Constant coverage throughout tenure

Annual Premium:RM 5,400.00
Monthly:RM 450.00
✓ Better beneficiary protection
✓ Full loan coverage always
*Estimates based on industry averages. Actual premiums vary by insurer and individual risk assessment.