Mortgage loan of RM 725,000 for 15.08 years
RM 725,000
(1 - 180) 3.5 %
(1 - 180) RM 5,183
180
RM 932,922
RM 207,922
Your monthly payments and the amount of interest you will pay will vary depending on how much you borrow, the interest rate(s), and the length of your loan.
You want to make a loan for a property RM 725,000 with no down payment. The amount of your loan will be RM 725,000 over a 15 years ( 180 terms ) with an interest rate of 3.5 %, the total payment for your loan will be of RM 932,922, this is because you will need to pay RM 207,922 of inerests toward the actual loan. Your monthly payments will be of RM 5,183 from terms 1 to 180.
If you would like to know how long your loan will be if you decided to make higher monthly payments, try filling out the Fixed monthly payment field in the advanced options and calculate again, the length of the loan and paid interests should then decrease. You can also set Extra payments at fixed dates or regular intervals, when you receive bonuses for example, to reduce the total interests paid, shorten your loan or reduce your monthly payments.
| term | Date | Beginning Balance | Interest Rate | Monthly Payment | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|---|---|
| 1 | 3,068 | 2,115 | 721,932 | ||||
| 2 | 3,077 | 2,106 | 718,854 | ||||
| 3 | 3,086 | 2,097 | 715,768 | ||||
| 4 | 3,095 | 2,088 | 712,673 | ||||
| 5 | 3,104 | 2,079 | 709,569 | ||||
| 6 | 3,113 | 2,070 | 706,455 | ||||
| 7 | 3,122 | 2,060 | 703,333 | ||||
| 8 | 3,132 | 2,051 | 700,201 | ||||
| 9 | 3,141 | 2,042 | 697,061 | ||||
| 10 | 3,150 | 2,033 | 693,911 | ||||
| 11 | 3,159 | 2,024 | 690,752 | ||||
| 12 | 3,168 | 2,015 | 687,584 | ||||
| >>More<< | |||||||
| Total | RM 932,922 | RM 725,000 | RM 207,922 | ||||