MPG-Calculator

Introducing the MPG-Calculator, your all-in-one tool for managing your mortgage loans. This user-friendly app allows you to easily calculate your monthly instalments and Debt Service Ratio (DSR). With its advanced features, you can not only determine your monthly payments but also gain insights into the total interest spent and potential savings by making extra payments. The app even helps you estimate your loan amount based on your income, giving you a clearer picture of what you can afford. As an added bonus, MPG Mortgage Consultancy Sdn Bhd offers professional services like valuation, lawyer referrals, and a customer referral program. Take control of your mortgage with MPG-Calculator today!

Features of MPG-Calculator:

Calculation of Monthly Instalment: The app allows users to accurately calculate the monthly instalment they would have to pay for their mortgage. By inputting the loan amount and interest rate, users can effortlessly obtain the exact figure, helping them plan their finances effectively.

Calculation of Total Interest Spent: This feature enables users to calculate the overall interest they will pay over the course of the mortgage. By providing the loan duration and interest rate, the app generates an estimate, allowing users to evaluate different scenarios and make informed decisions about their mortgage.

Calculation of Extra Payment to Save Interest: With this feature, users can determine the additional payment required to save on interest payments. By inputting the desired percentage or amount, the app calculates the extra payment needed, giving users the opportunity to reduce their mortgage burden and achieve financial freedom faster.

Calculation of Loan Amount Based on Income: The app offers an innovative feature that calculates the loan amount a user can secure based on their income. By inputting their salary and desired mortgage terms, users can determine the maximum loan they are eligible for, helping them plan their home purchase within their budget.

Tips for Users:

Evaluate Various Scenarios: Utilize the app to simulate different mortgage scenarios by adjusting variables such as loan amount, interest rate, and duration. This will help you understand the financial impact of different options and make informed decisions.

Plan for Extra Payments: Consider using the app's feature to calculate extra payments and determine how much you can save on interest. Allocate a portion of your budget towards these payments to reduce the overall loan burden and reach debt-free status sooner.

Stay Within Your Budget: Use the loan amount calculation feature to establish a realistic budget for your home purchase. Keeping your monthly instalment affordable based on your income will help ensure long-term financial stability.

Conclusion:

MPG-Calculator app offers a comprehensive set of features to assist users in making informed decisions about their mortgage. From calculating monthly instalments to assessing total interest spent and potential savings, the app empowers users to take control of their financial future. Whether you are a first-time homebuyer or contemplating refinancing options, MPG Mortgage Consultancy Sdn Bhd's app is a valuable tool that provides accurate calculations and personalized insights. Download the app today and take the first step towards achieving your homeownership goals.