Want to Ask Mortgage Installment but collided Car, this solution!

The house is the main requirement. However, in big cities, private vehicles such as cars can also be a necessity.

The need for private vehicles, especially cars, often making house plans have been delayed. The reason, car prices are relatively lower than the house.


Not infrequently eventually repay the car precedence in view of the rented house or settle in 'Pondok Indah in-law ".

But an interval running, husband apparently promoted positions in the work and a greater amount of income than before. So, the desire to 'liberate themselves from rent and home-laws' back terbesit and began to talk.

Unfortunately, car payments that have been running for 1.5 years still remaining term of 2.5 years installment.

Considerations not quite got there, the house price ranges targeted Rp500 millions as it is located in the suburbs.

With the latest Bank Indonesia regulation that sets DP 15% for the first house, then the couple is required to repay the advance Rp75 million before filing a mortgage (mortgage).

The remaining installments of principal that is Rp425 million per month may be paid Rp 4.3 million (assuming an interest rate of 9.25%), when the selected mortgage tenor is 15 years old.

On the other hand, car payments each month is 3 million which if accumulated with the remaining tenor is Rp90 million.

When combined salaries (double income) between husband and wife is Rp13 million, then the assumption that they must set aside 3 million + Rp4.3 = Rp7,3 million per month. The remaining Rp5.7 million allocated for the necessities of life including food, transportation, water and electricity bills, as well as entertainment.

Get to know the conditions

Keep in mind, assess the ratio of bank credit ability of prospective borrowers some 30% of the total income of the husband and wife. If the combined income is Rp13 million, the limit of payments per month can be given by the bank is 3.9 million.

For examples of such cases, the technical term Debt Burden Ratio or DBR ie the ratio of the whole installment to the net income or take home pay (THP). The percentage of DBR depends on the policy of each bank, but generally 30% - 40% THP.

DBR will be applied to prospective borrowers who already have another installment as a vehicle or a credit card. There are two ways of calculation:

Total installment should not be more than the percentage of DBR
Calculated from THP or which form the basis of the calculation of the DBR is THP deductible installment. In this case, the total DBR can be more than a predetermined percentage.

If embraced number-one way, then ability installment debtor is actually 5.2 million. The calculations; Rp13 million x 40% = 5.2 million. In fact, no car payments to be passed the 3 million / month, then 5.2 million - 2.2 million Rp3 million result.

As for how to number two, they credit opportunities will be greater because the calculations; (Rp13 million - 3 million) x 40% = Rp 4 million.

Furthermore, associated with the mortgage, ceilings should they ask is the house that the selling price does not exceed Rp450 million.

This is because the simulation calculation is as follows;

DP = Rp67,5 million (15% of the price of the house)

Instalments = Time in house prices Rp382,5 million to be repaid in 15 years with an interest rate of 9.25%, the major installment Rp3,93 million per month.