This app is developed by me.
I couldn't find any app designed for Malaysian home buyer, so I made one.

App: Malaysia Home Loan Calculator
Price: FREE
iTunes page link: Download from iTunes
Region: MY
Version: 1.0
Filesize: 1.0MB
Requirements: Universal app, iOS 5 and above
Developer: Agmo Studio Sdn Bhd (My company)





Malaysia Home Loan Calculator is designed for Malaysia home buyer or foreign property investor based on latest rules and regulations in Malaysia. It is the first all-in-one offline home loan calculator for Malaysia, which includes loan repayment calculation, amortization schedule by year and month, legal fee calculation, Sales and Purchase agreement and loan agreement stamp duty calculation, EPF withdrawal calculator. It also provides latest property news for reference.

Features:
Home loan calculator:
1. Calculate monthly repayment, total payment and total interest paid based on loan amount, interest and length of mortgage
2. Detail amortization schedule in monthly and yearly basis are provided as well, which shows the principal paid, interest paid and balance for each month

Legal fee calculator:
1. Calculate S&P agreement and loan agreement legal fee based on property price
2. Calculate S&P stamp duty based on property price
3. Calculate loan stamp duty based on property price
4. Calculate the total legal fee and stamp duty required based on property price

EPF withdrawal calculator:
1. Calculate eligible fund can be withdraw based on property price, loan amount and balance in account

News:
1. Show latest property news in Malaysia, powered by www.iproperty.com.my

Other:
1. Fully offline for all calculators, no Internet connection is required

Email: myhomeloancalculator@agmostudio.com
Facebook: https://www.facebook.com/AgmoStudio

This post has been edited by ak1985: Sep 13 2012, 01:24 AM

wah very good links..thankall...

do you have andriod version?

Loanstreet has added a new calculator. It's the most complete and user friendly one out there yet. (Screenshots below)

And just in case you're wondering, here's a quick 0:43 sec video:







This post has been edited by METALRAGE: Oct 4 2012, 06:54 PM

Any link for first time home buyer? Like FAQ and stuff I should pay attention to.

is it normal for a Bank-appointed property valuer to ask for a copy of SPA? or is he just being nosy? any opinions, thanks

Max, for most first time buyers, there are chiefly 2 things that they should be aware of:
1) The entire process of acquiring your property, including legal process and loan approval
2) How much cash will it cost you to acquire your property, E.g. MRTA, Stamp duty, legal fees, MoT, titles
The 2 links below will answer the basics of these questions.

Guide for First Time Property Buyer
Entry Costs of Buying a property

There are also other detailed write ups available on the net for every aspect involved in getting your property and mortgage loan. But you should at least know the above before you proceed.

---

Added on October 17, 2012, 6:56 pmHave you not already submitted a copy of SPA to the bank?

This post has been edited by METALRAGE: Oct 17 2012, 06:56 PM

Thanks for the info, going to read through it

Well done!

does android have this app?

Well Done!! But seems like you have forgotten the MOT.. It will be perfect if you can include the calculation of MOT.

Any link to calculate how much bank loan you can get based on your net income?

Well done bro! However I just run this program on a few of my mortgages. Out of curiosity, where's the discrepancy come from? I also use mortgage calculator at http://loanstreet.com.my/ , and it turns out the same. Even though I have entered all info needed (interest rate, loan tenure, down payment, etc), it couldn't even compute the exact monthly installment I'm paying. The difference is about 1 5% more than what I am paying now. So when I run the amortization, 15% difference makes a lot of difference in 10 years. Pls give me a hand ... TQ

If you don't mind, what are the details of your loan? We'll crunch it to see where the discrepancy lies

I got a few. But one of them is RM 150,150 with 15 years tenure, 100% financing margin, 6.95% interest rate. The result i got from http://loanstreet.com.my/ is RM 1,345 for monthly installment, total payment of RM 242,171.44 and total interest of RM 92,021.44;

Whereas the real payment that I make is RM 1,305 and the total payment that I'm gonna make if I complete the 15 years tenure is only RM 227k ++. Sorry the difference is not as much as 15%, it's about 4%. TQ

1) Does your contract state 15 years, or 180 months? (Or is it 188 months?)
2) Any instalment holidays from this bank? (Some banks practice this)
3) Any tiered interest for the duration of the loan? (1st year x interest 3rd year y interest 5th year onwards z interest)

You could ask the bank why there is a discrepancy. But in any case, the good news is that this discrepancy is in your favor

Thanks for your response!

1) Yes, it is exactly 180 months.
2) No installment holidays.
3) Is it a fixed 6.95% regardless of BLR/BFR rate.

So is there any other reason why there is discrepancy? I'll try to work out on other mortgages from other banks and see whether the calculation turns out the same.

Understand that we need to pass exam in order to be a registered property agent / valuation.. Any idea where to start?

Faizal, so what are your findings like? It is intriguing.

The result is still the same.
I got a financing of RM 150,150 @ 6.95% fixed rate @ 180 months tenure.
My installment per month is RM 1,305