Mortgage Calculator
Minimum monthly income
- Based on Basic DSR$28,449(50%)
Monthly Repayment
$14,225
- Monthly Repayment for 1st Mortgage$14,225
Tenor
30
Year(s)
Total Interest
$1,520,768
- Interest for 1st Mortgage$1,520,768
Total Loan Amount
$3,600,000
- Loan Amount for 1st Mortgage$3,600,000
Assuming applicants have no outstanding mortgages.
- Down Payment$2,400,000
- AVD (Scale 2)$0
- HK$
- HK$
- HK$
Total
$2,400,000
Remarks: *Starting from 28th, February, 2024, no SSD, BSD or NRSD needs to be paid for any residential property transactions.
**Change of Residential Property Case - A Hong Kong Permanent Resident may seek a refund of the stamp duty paid in excess of that computed under the old rates upon proof that his only other residential property has been disposed of within twelve months from the date of agreement (properties were acquired on or after 5 November 2016) to acquire a new residential property.
***In accordance with the current HKMA requirements, mortgage applicants are required to pass the stress test, i.e. at the current interest rate plus 2% (based on the market interest rate and the cap rate of H, generally no less than 5.25% calculation), the ratio of the contribution of the first mortgage applicant under the stress test to the income shall not exceed 60%. The minimum income of the above stress test is calculated on the basis of the first mortgage, excluding the two-point contribution and the mortgage premium (if any). The calculation is only for preliminary reference, and it is assumed that the borrower has no other debt.
If you need to understand more about mortgage arrangement, please contact professional mortgage consultant.
Centaline Mortgage Hotline: 2889 2886
Centaline Mortgage Website: www.centamortgage.com
**Change of Residential Property Case - A Hong Kong Permanent Resident may seek a refund of the stamp duty paid in excess of that computed under the old rates upon proof that his only other residential property has been disposed of within twelve months from the date of agreement (properties were acquired on or after 5 November 2016) to acquire a new residential property.
***In accordance with the current HKMA requirements, mortgage applicants are required to pass the stress test, i.e. at the current interest rate plus 2% (based on the market interest rate and the cap rate of H, generally no less than 5.25% calculation), the ratio of the contribution of the first mortgage applicant under the stress test to the income shall not exceed 60%. The minimum income of the above stress test is calculated on the basis of the first mortgage, excluding the two-point contribution and the mortgage premium (if any). The calculation is only for preliminary reference, and it is assumed that the borrower has no other debt.
If you need to understand more about mortgage arrangement, please contact professional mortgage consultant.
Centaline Mortgage Hotline: 2889 2886
Centaline Mortgage Website: www.centamortgage.com
Property Value
HK$
First Mortgage
%
or
HK$
Yrs
Mth
%
or
%
P = Prime rate (Best Lending Rate), the benchmark interest rate
Second Mortgage
(Optional)
Stamp Duty