Mortgage Calculator
Use our mortgage calculator to find out how much you can borrow and the repayments actually cost you monthly, based on your loan amount, LTV (Loan-to-value ratio), and interest rate.
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Click hereProperty Valuation Calculator
Check valuation of any residential property in Hong Kong
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- The above information is for reference only. No guarantee or representation as to its accuracy, completeness and/or applicability. For all individual cases, please refer to the regarding terms and conditions and are subject to the final approval from relevant financial institutions.
- All terms and conditions are subject to HKMA, HKMC, Inland Revenue Department.
- The items listed above DO NOT include any additional fees of property transaction, e.g. the legal charges for preparing the Sales and Purchase Agreement, Deed of Title Transfer and Mortgage Deed, etc.
Other Fees Of Buying A Property
Stamp Duty
Residential Property Stamp Duty - Applicable to first-time buyer
| Property Value | Stamp Duty Rate（percentage of property value） |
|---|---|
| Property ValueHK$0-HK$2,000,000 | Stamp Duty Rate（percentage of property value）HK$100 |
| Property ValueHK$2,000,000-HK$2,351,760 | Stamp Duty Rate（percentage of property value）HK$100＋10% of excess over HK$2,000,000 |
| Property ValueHK$2,351,760-HK$3,000,000 | Stamp Duty Rate（percentage of property value）1.5% |
| Property ValueHK$3,000,000-HK$3,290,320 | Stamp Duty Rate（percentage of property value）HK$45,000＋10% of excess over HK$3,000,000 |
| Property ValueHK$3,290,320-HK$4,000,000 | Stamp Duty Rate（percentage of property value）2.25% |
| Property ValueHK$4,000,000-HK$4,428,570 | Stamp Duty Rate（percentage of property value）HK$90,000＋10% of excess over HK$4,000,000 |
| Property ValueHK$4,428,570-HK$6,000,000 | Stamp Duty Rate（percentage of property value）3% |
| Property ValueHK$6,000,000-HK$6,720,000 | Stamp Duty Rate（percentage of property value）HK$180,000＋10% of excess over HK$6,000,000 |
| Property ValueHK$6,720,000-HK$20,000,000 | Stamp Duty Rate（percentage of property value）3.75% |
| Property ValueHK$20,000,000-HK$21,739,120 | Stamp Duty Rate（percentage of property value）HK$750,000＋10% of excess over HK$20,000,000 |
| Property ValueHK$21,739,120 or above | Stamp Duty Rate（percentage of property value）4.25% |
Residential Property Stamp Duty - Applicable to non-first-time buyer
Non-first-time-buyers are liable to pay stamp duty at a flat rate of 15%.
Non-Residential Property Stamp Duty (Double Stamp Duty)
| Property Value | Stamp Duty Rate（percentage of property value） |
|---|---|
| Property ValueHK$0-HK$2,000,000 | Stamp Duty Rate（percentage of property value）1.5% |
| Property ValueHK$2,000,000-HK$2,351,760 | Stamp Duty Rate（percentage of property value）HK$30,000＋ 20% of excess over HK$2,000,000 |
| Property ValueHK$2,351,760-HK$3,000,000 | Stamp Duty Rate（percentage of property value）3% |
| Property ValueHK$3,000,000-HK$3,290,320 | Stamp Duty Rate（percentage of property value）HK$90,000＋20% of excess over HK$3,000,000 |
| Property ValueHK$3,290,320-HK$4,000,000 | Stamp Duty Rate（percentage of property value）4.5% |
| Property ValueHK$4,000,000-HK$4,428,570 | Stamp Duty Rate（percentage of property value）HK$180,000＋20% of excess over HK$4,000,000 |
| Property ValueHK$4,428,570-HK$6,000,000 | Stamp Duty Rate（percentage of property value）6% |
| Property ValueHK$6,000,000-HK$6,720,000 | Stamp Duty Rate（percentage of property value）HK$360,000＋20% of excess over HK$6,000,000 |
| Property ValueHK$6,720,000-HK$20,000,000 | Stamp Duty Rate（percentage of property value）7.5% |
| Property ValueHK$20,000,000-HK$21,739,120 | Stamp Duty Rate（percentage of property value）HK$1,500,000＋20% of excess over HK$20,000,000 |
| Property ValueHK$21,739,120 or above | Stamp Duty Rate（percentage of property value）8.5% |
Legal Fee
The legal fee for property purchase mainly includes 3 items: Sale and Purchase agreement, the assignment and the mortgage. Legal cost can be up to thousands of dollars, and varies from case to case, influenced by factors like property price, property age, loan amount etc.
Estate Agent Fee
If the property is sold through an agent, both the seller and buyer will have to pay for agent commission. The usual rate of commission for agents is about 1% of the sales price, it is subject to negotiation between you and your appointed estate agent.
Frequently Asked Questions
What is the difference between the Prime-Rate and the HIBOR-Rate when using the calculator?
Either choosing the Prime-Rate or HIBOR-Rate, you only need to enter the annual interest rate and the repayment terms for getting the total monthly mortgage repayment amount. You just have to enter the property amount, desired LTV ratio, and mortgage term, then you will immediately know the monthly repayment, the minimum down payment and salary requirement for better planning.
Does your mortgage plan require Mortgage Insurance Programme (“MIP”)?
MoneySmart calculator will tell whether or not you need a Mortgage Insurance Programme (“MIP”) based on your LTV. Your MIP fees are dependent on the years of term, mortgage loan amount, and payment method.
How to calculate mortgage stress-testing?
Mortgage applicants are required to pass the stress test on income level to the DSR (Debt Servicing Ratio) , which is an addition rate of 3% on top to your DSR level, and the monthly repayment amount should not exceed 60% of your monthly income. The DSR and the DSR-under-stress-testing-level should be less than 45% and 55% respectively if your mortgage LTV is over 80%. However, after the amendments to the Mortgage Insurance Programme announced in the policy address 2019, even if first-home buyers cannot pass the stress test, they will still be able to borrow up to 80% or 90% of property value, subject to an additional adjustment to the mortgage insurance.
Does your mortgage have cash rebate excess of 1% of the loan amount?
Yes. The cash rebate is directly deduced from the residential mortgage when the LTV excesses 1% of the mortgage. For example, if the property you would like to purchase cost you HK9,000,000, and you plan to apply for 60% LTV, assuming that the cash rebate is 1.5%. you can get HK$81,000 cash rebate. Since the rebate rate is higher than 1%, therefore accordingly to the latest policy, it has to go into your final loan amount, therefore the final loan amount, having deducted the rebate is HK$5,319,000.
