Welcome to
Myra's Homebuying Hub

Only landed house will have a land size value. Please enter dash (-) for highrise.

This is the full price of the home that’s being bought and reflected on the Sales and Purchase Agreement

Adjust this field in ONLY if the homebuyer would like their SPA price to be marked up.

The purpose of marking up the SPA price is to get a larger loan amount. Advise: larger the loan amount = higher monthly repayment. But they can use the extra money for the renovation of their home or to pay for certain fees and duties.

Include any and all packages that we might be offering. More than one is allowed!

Example: Standard Discount: 10% | Bumiputera Discount: 7%

**Enter the discount percentage from the highest to the lowest amount

Please enter the discount’s percentage WITHOUT the % symbol.

Example: If the discount is 7%, please enter the number 7.

*Please enter the discount percentage number from the highest to the lowest amount.

The first savings amount category is based on the SPA price. Subsequent savings (Bumiputera, early bird, etc.) will be deducted on the amount after deducting the discount.

Calculation example:
SPA Price - 10% = X
X - 7% = Y
Y - 5% = Z

Select all applicable housing schemes and initiatives that can help your homebuyer. More than one allowed!

This is the amount that you need to pay for your house.

Head over to the instalment calculator to see how much loan do you need to apply and how much instalment that you need to pay.

For first and second time homebuyers, the maximum loan financing margin they will receive is 90%.

For the third time homebuyers, the maximum loan financing ranges from 70%-80%.

The loan amount is based on the SPA price. If the loan margin the homebuyer receives is 90% , then the loan amount will be 90% of the SPA price.

This is the duration of their entire loan. The maximum loan tenure is 35 years or up to 70 years of age, whichever earlier.

The higher the tenure, the lower the monthly repayment.

The loan interest rate will vary according to each bank’s discretion and the OPR rate set by bank Negara.

The average interest rate right now is 3.0% as of Jan 2021

The amount the homebuyer will need to pay every month for the entire duration of their loan.

Advice: 2 ways to reduce the loan amount:
Increase the loan tenure to the maximum of 35 years.
Find a bank who can offer a lower interest rate.

The difference payable between loan amount and the nett price of the property being purchased.

Calculation:
Loan Amount - Nett Price = Differential Sum

If the amount is negative, that will be your cashback. The developer will provide you this money once the first drawdown is made.

If the amount is positive, this will be the amount that you need to pay to the developer in order for you to proceed with the house purchase.

If the amount 0, you will not get any cashback nor need to pay any money to the property developer.

In order to accurately calculate your DSR, we will need to use your nett income instead of your gross income.

Nett income is the amount after EPF, Socso and tax deductions (PCB).

The formula is as follows:

The formula is as follows:

Notes: SPA Legal Fees are based on the Property SPA Price

Loan Amount x 0.5%

The formula is as follows:

Notes: Loan Legal Fees are based on the Loan Amount

The cost of MRTA depends on a number of factors such as your age, the value of your home loan, and the length of your home loan.

However, the MRTA amount very rarely to exceed 5% of the loan amount.

** MRTA is optional and most of the time will be included as part of the loan. However, there is also an option MLTA and Hibah Takaful.

Based on the total income of the Primary Loan Applicant / Primary and Joint Loan Applicant

Based on the total commitment of the Applicant / Applicants

A ratio of how much debt the homebuyer owes against their household income.

Sum of monthly household commitment and loan installment amount which will be used to generate the latest DSR calculation which banks will use to evaluate the applicant

This is the DSR % that matters to the bank.

If their DSR amount is above 65-70%, it might be hard for them to get their loan approved. This is what they can do:

1. Reduce their number of commitments
2. Apply for a Joint Loan with either their spouse, parents or siblings. Based on Myra's Golden Rule, it’s best to keep their DSR below 60% for a higher chance of loan approval!