This is the Estimated Home Loan Installment of 400 Million with a DP of 0 Percent

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Although it is one of the basic human needs, buy a house comfort is still quite difficult to fulfill, especially by the younger generation in Indonesia.

Programs such as Home Ownership Loans (mortgage) doesn’t help much because home buyers still have to prepare money down payment (DP) first.

The amount is not small, even at least it takes tens of millions to pay off the down payment which is the main requirement.

Not to mention the high housing installments, one of which is the 400 million home mortgage installment that must be paid off in a predetermined tenor.

The good news is that the Indonesian government has issued a program that can help low-income people (MBR) to get their dream home.

Some of them are programs VAT-free house and house down payment 0 percent.

The 0 percent down payment house itself appears when Bank Indonesia provides 100 percent leeway for property loans from March 1, 2021 to December 31, 2021.

Slightly different from the 0 percent down payment program, a VAT-free house is intended to make it easier to buy property under Rp2 billion.

Of course, this is a breath of fresh air for those who want to have their dream home during the pandemic.

Then, how do we calculate the mortgage if we don’t pay the down payment?

To be clear, this article will describe a home mortgage simulation with a down payment of 0 percent for a house worth Rp 400 million.

For information, this simulation includes a fixed interest rate of 8.29 percent for 12 installments or 12 months, and a floating interest rate of 13.5 percent for the 13th installment to completion.

This simulation will be tried for mortgages with tenors ranging from 5 years to a maximum of 25 years. Here are the details of the calculation.

5 Simulation of 400 Million Home Mortgage Installments with 0 Percent DP

home mortgage installments 400 million

Photo: Justdial

KPR Tenor 5 Years

If you buy a house worth IDR 400 million and choose a tenor of 5 years, then the monthly installments that need to be paid are IDR 8,412,500 per month.

However, this amount is only valid for 12 months, aka 12 installments. This is because, during this period, a fixed interest rate of 8.29 percent will still apply.

Meanwhile, for the 13th month onwards, the amount of installments to be paid will increase to IDR 9,404,100 per month.

The amount itself is calculated with the assumption of a floating interest rate of 13.5 percent. This figure excludes Bank Fees of Rp9,500,000, which consists of:

  • Appraisal (Rp1,500,000)
  • Administration and Process (Rp 0)
  • Provision (Rp 4,000,000)
  • Insurance (Rp 4,000,000)

Not including the Notary Fee of Rp. 20,000,000 which includes:

  • Sale and Purchase Deed (Rp 4,000,000)
  • Transfer of Name Fee (Rp 4,000,000)
  • SKMHT Deed (Rp 2,000,000)
  • APHT Deed (Rp 4,000,000)
  • HT Agreement (Rp 4,000,000)
  • Check ZNT Certificate, HT PNBP (Rp 2,000,000)

So, the total fee you have to pay on the first payment is IDR 37,912,500, consisting of the first installment, total bank fees, and total notary fees.

10 Years Tenor Mortgage

For a home mortgage for IDR 400 million with a tenor of 10 years, the amount of the first 12 months you need to pay is IDR 5,032,800 per month.

Meanwhile, for the 13th month onwards, the amount of installments to be paid increases to IDR 6,166,300 per month.

This figure, of course, excludes Bank Fees of Rp.9,500,000 which consists of:

  • Appraisal (Rp1,500,000)
  • Administration and Process (Rp 0)
  • Provision (Rp 4,000,000)
  • Insurance (Rp 4,000,000)

Not including the Notary Fee of Rp. 20,000,000 which includes:

  • Sale and Purchase Deed (Rp 4,000,000)
  • Transfer of Name Fee (Rp 4,000,000)
  • SKMHT Deed (Rp 2,000,000)
  • APHT Deed (Rp 4,000,000)
  • HT Agreement (Rp 4,000,000)
  • Check ZNT Certificate, HT PNBP (Rp 2,000,000)

In the first payment, you must deposit Rp 34,532,800 consisting of the first installment, total bank fees, and total notary fees

15 Years Tenor Mortgage

Furthermore, for the tenor taken for 15 years, the installments that need to be paid are IDR 3,963,500 per month for the first 12 installments.

For the 13th month onwards, the installment to be paid is IDR 5,225,500 per month.

Of course, this figure excludes the Bank Fee of IDR 9,500,000 which consists of:

  • Appraisal (Rp1,500,000)
  • Administration and Process (Rp 0)
  • Provision (Rp 4,000,000)
  • Insurance (Rp 4,000,000)

Not including the Notary Fee of Rp. 20,000,000 which includes:

  • Sale and Purchase Deed (Rp 4,000,000)
  • Transfer of Name Fee (Rp 4,000,000)
  • SKMHT Deed (Rp 2,000,000)
  • APHT Deed (Rp 4,000,000)
  • HT Agreement (Rp 4,000,000)
  • Check ZNT Certificate, HT PNBP (Rp 2,000,000)

So, on the first payment you have to deposit an amount of IDR 33,463,500 consisting of the first installment, total bank fees, and total notary fees.

KPR Tenor 20 Years

For a tenor of 20 years, you have to pay installments of IDR 3,468,700 every month for the first 12 months.

Meanwhile, in the 13th month onwards, the installments will increase to IDR 4,841,300 per month.

This figure is still excluding Bank Fees of Rp9,500,000 which consists of:

  • Appraisal (Rp1,500,000)
  • Administration and Process (Rp 0)
  • Provision (Rp 4,000,000)
  • Insurance (Rp 4,000,000)

Not including the Notary Fee of Rp. 20,000,000 which includes:

  • Sale and Purchase Deed (Rp 4,000,000)
  • Transfer of Name Fee (Rp 4,000,000)
  • SKMHT Deed (Rp 2,000,000)
  • APHT Deed (Rp 4,000,000)
  • HT Agreement (Rp 4,000,000)
  • Check ZNT Certificate, HT PNBP (Rp 2,000,000)

In the first payment you have to pay the first installment, total bank fees, and a total notary fee of IDR 32,968,700.

KPR Tenor 25 Years

Finally, if you choose a tenor of 25 years, the installments you have to pay are IDR 3,200,300 per month for 12 installments.

Meanwhile, for the 13th installment and so on, the amount you have to pay increases to IDR 4,664,300 per month.

This figure excludes Bank Fees of Rp.9,500,000 which consists of:

  • Appraisal (Rp1,500,000)
  • Administration and Process (Rp 0)
  • Provision (Rp 4,000,000)
  • Insurance (Rp 4,000,000)

Not including the Notary Fee of Rp. 20,000,000 which includes:

  • Sale and Purchase Deed (Rp 4,000,000)
  • Transfer of Name Fee (Rp 4,000,000)
  • SKMHT Deed (Rp 2,000,000)
  • APHT Deed (Rp 4,000,000)
  • HT Agreement (Rp 4,000,000)
  • Check ZNT Certificate, HT PNBP (Rp 2,000,000)

So, for the first payment you have to pay IDR 32,700,300 consisting of the first installment, total bank fees, and total notary fees.

How about you, are you interested in taking a 400 million home mortgage installment with a zero percent down payment?

If you are interested, then you can check some of the recommendations for houses with selling prices in the range of Rp. 400 million below.

3 Housing Recommendations with a Selling Price of 400 Millions

Grahawangi City View

home mortgage installments 400 million

Grahawangi City View is the right choice for those of you who are looking for beautiful housing with 400 million mortgage installments in the city of Bandung.

In fact, this housing offers residences with various different designs, from Scandinavian designs to Japanese-style houses.

As the name suggests, one of the main features of this modern minimalist home is the wide windows that allow you to enjoy view beautiful around the residence.

There are also internal facilities such as: sports centerjogging track, and playground inside the residential complex.

To enjoy the various advantages above, you can redeem your 1st Floor or 2nd Floor Topaz house at Grahawangi City View with a price range of IDR 430-475 million only.

Metland Cileungsi

home mortgage installments 400 million

Metland Cileungsi Housing is specifically here to meet the housing needs of young couples, especially those who are looking for affordable housing.

One of the attractions Metland Cileungsi is the concept of housing that prioritizes healthy living through mini gardens and outdoor sports facilities.

For residential design, Metland Cileungsi displays a modern minimalist architectural style with the concept of open plan which facilitates a more flexible spatial arrangement.

Another advantage of this house for sale in Cileungsi is its prime location with access to the JORR 2 toll gate, which takes only 13 minutes via Jalan Alternative Cibubur.

If you are interested, you can buy a house Type Adona (32/72) which is priced at only Rp. 450 million.

home mortgage installments 400 million

Widari Village Legok

Finally, there is a residential area that is present in the Legok area, Tangerang, and is one of the residences that has a classy concept with access to a strategic location.

In fact, Housing Widari Village has direct access to Parung Panjang Station which can be reached in just 10 minutes.

Not to mention the infrastructure development of the Serpong – Balaraja Toll Road and the Legok exit toll road which will facilitate the accessibility of its residents.

For its own design, Widari Village Legok carries a modern style and has been equipped with various complete internal facilities in it.

In addition, the main attraction why many people prefer Widari Village Legok is the affordable price of the house.

For only Rp383 million, you can get a Type 26/50 house at Widari Village Legok complete with various facilities inside.

That’s the estimated 400 million home mortgage installments with a zero percent down payment along with the recommendations.

If you need an estimated home mortgage installment at another price, you can use it right away mortgage simulation from the 99.co Indonesia website.

Hopefully this article can help those of you who are looking for your dream home!

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