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MPG-Calculator

Size： 6.00M
Versions： 1.0
Updated： Aug 22,2024
Tags： Finance

Introduction

Introducing the MPG-Calculator app - the ultimate tool to help you manage your mortgage loans effortlessly! With this user-friendly app, you can easily calculate your monthly instalments and stay on top of your finances. Need to calculate your Debt Service Ratio? No problem, this app has got you covered! Plus, it offers additional features such as calculating the total interest spent, suggesting extra payments to save interest, and even determining the loan amount based on your income. MPG Mortgage Consultancy Sdn Bhd also offers professional services like valuation and lawyer referrals, ensuring a seamless and stress-free mortgage journey.

Features of MPG-Calculator:

- Calculation of monthly instalment: With this feature, you can easily determine the amount you need to pay each month towards your mortgage loan. This helps you plan your budget efficiently and ensure you can comfortably meet your obligations.

- Calculation of total interest spent: This feature allows you to see the total amount of interest you will end up paying over the course of your mortgage loan. It helps you understand the long-term costs associated with your loan, allowing you to make informed decisions.

- Calculation of extra payment to save interest: By using this feature, you can calculate the additional amount you need to pay towards your mortgage each month in order to shorten the loan term and save on interest costs. It empowers you to optimize your payments and pay off your loan faster.

- Calculation of loan amount based on income: This feature is particularly useful for individuals who want to know how much they can borrow based on their income. It helps you determine your affordability and find the loan amount that suits your financial situation.

Tips for Users:

- Use the monthly instalment calculation to set a realistic budget: By knowing the exact amount you need to pay each month, you can adjust your expenses accordingly and ensure that you can comfortably afford your mortgage.

- Explore different scenarios with the total interest spent calculation: By inputting different loan terms and interest rates, you can see how the total interest amount varies. This can help you make informed decisions about refinancing or paying extra towards your loan.

- Experiment with extra payment amounts to find the optimal strategy: Use the calculation of extra payment to save interest to determine the additional amount you can afford to pay towards your mortgage. By trying out different payment scenarios, you can find the strategy that minimizes interest costs while paying off your loan faster.

Conclusion:

MPG-Calculator is a versatile tool that provides essential calculations for individuals seeking a mortgage loan. With features such as monthly instalment calculation, total interest spent calculation, extra payment calculation, and loan amount calculation, users can make informed decisions and optimize their mortgage payments. By using the playing tips provided, users can effectively manage their mortgage obligations and potentially save a significant amount of money on interest. Download MPG Mortgage Consultancy Sdn Bhd's app today and take control of your mortgage journey.