Find Accurate Calculators for Property and Finance

Find Accurate Calculators for Property and Finance

For any property purchase, every time I wanted to know how much I would need to pay every month, I would be using this site. It’s the site all the calculators you need: https://www.calculator.com.my. In fact for our own financial sense, it pays to keep ourselves updated on the potential so that we could do something about it in advance if the potential at the end is not what we expect. Do not only do something when it’s too late yeah. Do it as early as possible. 🙂

Home Loan Calculator

For example Home Loan Calculator: https://www.calculator.com.my/home-loan-calculator It tells us the monthly repayment. We could adjust the property price, downpayment percentage, loan period in years and even the interest rate and the answer would be revealed instantly. We could see that the actual repayment for a RM500,000 property is merely RM2,060 per month if we have a 35 year loan. So, buy a property when we are young. The advantage we have would be the longer loan period. The older we buy, the more expensive the monthly payment would become.

It also detail to us how much is the principal and the interest which gives us an idea what is our gain over the years since principal payment are actually ours while interest goes to the bank. This is why renting cannot be cheaper than buying yeah.

Savings Calculator – Knowing How Much We Could Actually Save

Here’s the direct link: https://www.calculator.com.my/savings-calculator

The below tells us that if we have just the first RM10,000 and then we started to save just RM200 per month for the next 30 years with an interest rate of 3 percent, we would have RM140,915 at the end of 30 years. Just need to imagine what will happen if we could save RM400 or RM500 per month instead?

If you like to estimate the EPF savings, it’s also possible too! Take a look at the chart below:

We assume the person’s salary to be RM5,000. So, the employee plus the employer contribution means RM5,000 x 23 percent (11 for employee and 12 for employer) equal to RM1,150. We assume this worker does not have further increment for the next 30 years. In other words, super conservative number. This is reflected in the recurring deposit amount below.

We assume the dividend rate aka annual interest rate number below from EPF is 5.5 percent. We assume this is going to be the same for 30 years. Actually, the total at the end is pretty encouraging. It’s a 7-figure number. So, what we need to do is to get a good job and push the earning to RM5,000 or more and keep the job. It would be a comfortable if not luxurious life when we retire. The below is just the EPF part yeah. Remember the home loan calculator above? You will also have a property at the end of the 35 years’ period too. A fully paid home and a 7-figure number in EPF. Let’s wish everyone could achieve this too.

Feel free to use https://www.calculator.com.my/ anytime needed and they actually have a few other calculators too.

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