按揭計算機

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.

MoneySmart’s calculator tells whether you need a Mortgage Insurance Programme (“MIP”) based on your LTV, which your MIP fees are dependent on years of term, mortgage loan amount, and payment method.

Mortgage applicants must go through a stress-testing on income level to the DSR (Debt Servicing Ratio) , which is rate+3% on top to your DSR level 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%.

The cash rebate is directly duduced from the residential mortgage when the LTV excesses 1% of the mortgage.