How this works
The monthly instalment is calculated using the standard amortising loan formula — your loan amount (property price minus down payment), spread across the loan tenure at the interest rate you enter, with equal monthly payments across the full term. Stamp duty on the Memorandum of Transfer (MOT) follows Malaysia's published tiered rate: 1% on the first RM100,000, 2% on the next RM400,000, 3% on the next RM500,000, and 4% above RM1,000,000. Legal fees for the Sale & Purchase Agreement follow the standard Solicitors' Remuneration Order scale.
None of this replaces an actual bank offer letter or a lawyer's invoice — your real numbers depend on your credit profile, the bank's assessment, and which law firm you use. Treat this as a starting point for figuring out what price range makes sense for you, not a final figure.
Frequently asked questions
How is the monthly home loan instalment calculated?
Using the standard amortising loan formula, based on your loan amount (property price minus down payment), the annual interest rate, and the loan tenure in years. This gives an estimate of the fixed monthly payment over the full loan term.
What is stamp duty on the Memorandum of Transfer (MOT) in Malaysia?
Stamp duty on the MOT is a tiered rate based on the property price: 1% on the first RM100,000, 2% on the next RM400,000, 3% on the next RM500,000, and 4% on any amount above RM1,000,000. Exemptions for first-time buyers change from budget to budget, so always confirm current eligibility with your lawyer or Joey.
Are these calculator figures exact?
No — they're indicative estimates based on standard formulas and published fee scales. Your actual bank-approved loan amount, interest rate and legal costs depend on your credit profile, the bank's assessment and the specific law firm involved. Always confirm final figures with your bank and lawyer.
