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After the amendments to the Mortgage Insurance Programme in Oct 2019, property value less than 8 million is eligible for up to 90% LTV ratio, less than 10 Million up to 80% LTV ratio.  More

HKMC announced tightening guidelines on LTV calculation and its maximum capped level, as well as MIP, please refer to "New Measures" section for more details.

Mortgage Plan
General Mortgage
Property Value
 
Loan
Amount
% Or
 
Premium Payment Option
Mortgage Type
Interest
Rate
% Or %
 
Combined
interest rate
First Yr Mth Rate%
Remaining Yr Mth Rate%
Repayment Period
Years Month
 
 

Second Mortgage (Optional)
Loan
Amount
% Or
Mortgage Type
Interest
Rate
% Or %
Combined
interest rate
First Yr Mth Rate%
Remaining Yr  Mth Rate%
Repayment Period
Yr Mth
 
Ad Valorem Stamp Duty(OLD) Ad Valorem Stamp Duty (OLD) (AVD) [Note1] AVD at old rate is applicable where any individual or company (regardless of where it is incorporated and regardless of whether its shareholder(s) and director(s) is/are Hong Kong Permanent Resident(s) or not) acquires any residential or non-residential property before 23 February 2013. AVD at old rate is still applicable where any residential or non-residential property is acquired on or after 23 February 2013 having been exempted for payment of AVD at new rate. Please refer to the website of Inland Revenue Department - “Frequently Asked Question: Ad Valorem Stamp Duty” at http://www.ird.gov.hk/eng/faq/avd.htm for details.
Applicable to:those who acquire the property before 23 February 2013; or those who acquire the property on or after 23 February 2013 having been exempted from payment of AVD at new rate.  Ad Valorem Stamp Duty (NEW) (AVD) [Note2] Unless exempted or otherwise provided, AVD at new rate is applicable where individual or company (regardless of where it is incorporated and regardless of whether its shareholder(s) and director(s) is/are Hong Kong Permanent Resident(s) or not) acquires any residential property on or after 5 November 2016. Please refer to the website of Inland Revenue Department - “Frequently Asked Question: Ad Valorem Stamp Duty” at http://www.ird.gov.hk/eng/faq/avd.htm for details.
Applicable to those who acquire the residential property on or after 5 November 2016 and without being exempted. Buyer’s Stamp Duty (BSD) [Note3] From 27 October 2012 onwards, unless exempted, BSD is payable in addition to Ad Valorem Stamp Duty where any residential property is acquired by any non-Hong Kong permanent resident or company (regardless of where it is incorporated and regardless of whether its shareholder(s) and director(s) is/are Hong Kong Permanent Resident(s) or not) at the rate of 15% on the stated consideration or the market value of the property (whichever is the higher). Please refer to the website of Inland Revenue Department – “Frequently Asked Question: Buyer’s Stamp Duty” at http://www.ird.gov.hk/eng/faq/bsd.htm for details.
Applicable to non-Hong Kong permanent resident or company who acquires the residential property Special Stamp Duty (SSD) [Note4] Apart from the payment of Ad Valorem Stamp Duty and Buyer’s Stamp Duty, SSD is payable where any individual or company (regardless of where it is incorporated) acquired any residential property between 20 November 2010 and 26 October 2012 and disposed of (which includes a resale or transfer) the same within 24 months at the rate between 5% to 15% on the stated consideration or market value of the property (whichever is the higher); and where the residential property was acquired on or after 27 October 2012 and the same is disposed of (which includes a resale or transfer) within 36 months, SSD at the rate between 10% to 20% on the stated consideration or market value of the property (whichever is higher) is payable. Please visit the website of Inland Revenue Department - “Frequently Asked Question: Special Stamp Duty” at http://www.ird.gov.hk/eng/faq/ssd.htm for details. – Paid by Buyer
If the property was acquired between 20 November 2010 and 26 October 2012, and if the property has been held:
for 6 months or less
for more than 6 months but for 12 months or less
for more than 12 months but for 24 months or less
for more than 24 months
If the property was acquired on or after 27 October 2012, and if the property has been held:
for 6 months or less
for more than 6 months but for 12 months or less
for more than 12 months but for 36 months or less
for more than 36 months


(Only for mortgage plan with stable interest rate throughout the whole tenor)
Loan Amount  ：
Loan-to-value ： %
Results
Mortgage Expenses
Monthly repayment (1st mortgage) 1
 
Monthly MIP 2
 
Monthly repayment (2nd mortgage)
 
Total Monthly Repayment
 
Total Interest Payment
 
Total Repayment
 
DTI ratio 3
 
Stress Test 3
Assumed interest rate (Raised by 3.0%) 4
 
Min. Monthly Income Requirement
 
Tax
AVD (OLD) (For first-time buyer)
 
AVD (NEW) (Buyer with more than one property)
 
BSD
 
SSD
 
General Expenses
Down Payment
1,000
Mortgage insurance (Single non-financed)
 
Agent commission
1,000
  1. 1Monthly repayment amount for “Stable interest rate plan for entire tenor” or Phase one of the “Combined interest rate plan”.
  2. 2Only applicable to MIP Scheme with monthly repayment.
  3. 3First-time homebuyers will still be eligible for MIP loans up to 80% or 90% LTV ratio even if they cannot meet the stressed DTI, but the DTI ratio should not exceed 50%. There will be an additional adjustment to the premium based on relevant risk factors.
  4. 4According to HKMC, homebuyers have to pass the stress test prior to mortgage application. For an addition of 3% added on the existing interest rate, the monthly repayment amount should not be over 60% of homebuyer’s monthly income. Calculation based on the Phase one of the first mortgage monthly repayment amount.

This calculator is only applicable to the mortgage calculation of the first self-use residential property. Detailed calculation please refer to the "New Measures" section. All information is for reference only.All Terms and conditions are subject to HKMA, HKMC, Inland Revenue Department, Financial institution's final announcement/approval Information as of 19 May 2017.

Charges by different law firms may vary. The items listed in the above table DO NOT include the legal charges for preparing the Sales and Purchase Agreement, Deed of Title Transfer and Mortgage Deed. Customers should consult a lawyer for details.

 

Interest Rate 5 Years 10 Years 15 Years 20 Years 25 Years 30 Years
2.00% $ 24,539 $ 12,882 $ 9,009 $ 7,082 $ 5,934 $ 5,175
2.25% $ 24,692 $ 13,039 $ 9,171 $ 7,249 $ 6,106 $ 5,351
2.50% $ 24,846 $ 13,198 $ 9,335 $ 7,419 $ 6,281 $ 5,532
2.75% $ 25,001 $ 13,358 $ 9,501 $ 7,590 $ 6,458 $ 5,715
3.00% $ 25,156 $ 13,519 $ 9,668 $ 7,764 $ 6,639 $ 5,902
3.25% $ 25,312 $ 13,681 $ 9,837 $ 7,941 $ 6,822 $ 6,093
3.50% $ 25,468 $ 13,844 $ 10,008 $ 8,119 $ 7,009 $ 6,287
3.75% $ 25,625 $ 14,009 $ 10,181 $ 8,300 $ 7,198 $ 6,484
4.00% $ 25,783 $ 14,174 $ 10,356 $ 8,484 $ 7,390 $ 6,684
4.25% $ 25,941 $ 14,341 $ 10,532 $ 8,669 $ 7,584 $ 6,887
4.50% $ 26,100 $ 14,509 $ 10,710 $ 8,857 $ 7,782 $ 7,094
4.75% $ 26,260 $ 14,679 $ 10,890 $ 9,047 $ 7,982 $ 7,303
5.00% $ 26,420 $ 14,849 $ 11,071 $ 9,239 $ 8,184 $ 7,516
5.25% $ 26,580 $ 15,021 $ 11,254 $ 9,434 $ 8,389 $ 7,731
5.50% $ 26,742 $ 15,194 $ 11,439 $ 9,630 $ 8,597 $ 7,949