KIRA RUMAH ยท AFFORDABILITY

What house can I afford with RM5,000 salary in Malaysia?

Start with the mortgage payment your monthly budget can comfortably carry, then work backwards to a home price.

Use take-home income and commitments

A RM5,000 take-home salary is only the starting point. Car loans, personal loans, family commitments and other fixed expenses reduce the amount you may comfortably allocate to housing.

Example: Set a comfortable mortgage budget in KiraFirst and enter your down payment, interest rate and tenure. The calculator then works backwards to an estimated property price instead of assuming you should borrow the maximum available.

Remember costs beyond the mortgage

Home ownership can include maintenance fees, sinking fund, assessment, insurance, repairs, utilities and furnishing. Upfront costs can also extend beyond the down payment.

A bigger down payment can help

More cash upfront reduces the loan amount and monthly repayment, but do not empty your emergency savings simply to reach a higher property price.

Longer tenure lowers payment, not necessarily cost

Extending a mortgage can reduce the monthly instalment while increasing total interest over the life of the loan. Compare affordability today with long-term cost.

Bank eligibility is different

KiraFirst is a budgeting tool. Actual financing eligibility depends on the lender's assessment, income documentation, credit profile and other criteria.