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Mortgage Calculator

Calculate The Expenses To Buy A Home

Own your own home. It’s a dream worth pursuing. But how much can you afford? There are many factors to keep in mind. Is this your first home? Are you a well-established professional, a retiree or have you just started your career?

Recent regulatory changes have made things more complicated. Everyone must pay the basic stamp duty when they buy a home, but additional duties now apply depending on your situation. Your Hong Kong residency status, the number of properties you own and whether a property is being resold within three years of its last sale are all factors that can influence the amount of tax you have to pay.

There are other factors to consider, too. The deposit for a purchase is usually 10 percent of a purchase price, while the down payment can range from 30 to 50 percent. (If you are buying off plans of a new development, the deposit and down payment will need to follow their set schedule.) Your monthly mortgage payments will depend on interest rates. Then there are the fees for property agents and solicitors.

Things can get complicated quickly, so it’s always best to check with your bank for the details of their mortgage plans. But we can help. Our expenses calculator helps you estimate how much is required for the unit you are interested in , putting you one step closer to realising your dream.

Disclaimer: This information is for reference only. No warranty or representation is given by Savills as to its accuracy, completeness and/or fitness for a particular purpose. The amount of the current stamp duty payable is computed according to the information that you have entered. Savills accepts no liability for any loss and damages arising from or related to the use of the information. All the prices are in Hong Kong Dollars. (Last review date: November 2016)

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 %  %  Years

Result

$13,578
Monthly Installment
$620,000
Purchaser Cash Outlay
Mortgage Amount 3,600,000 Total Interest Payable 1,056,905
Total Repayment 4,656,905

Deposit

5% Initial Deposit* 200,000 Further Down Payment 0
5% S&P Agreement 200,000
Total Deposit 400,000

Stamp Duty

Stamp Duty 180,000 Special Stamp Duty 0
Buyer Stamp Duty 0
Total Stamp Duty 0

 

Agency Commission 40,000
Total Expenses 220,000
* 5% of the agreed property's price
** The remainder of 10% of property's price minus the initial deposit

The calculation of the above "Residential Property Price and Maximum Loan Amount Table" is based on the first-time property buying case.
Information is for reference only. All terms and conditions are subject to bank, HKMA, HKMC and Inland Revenue Department’s final approval.
Mortgage Amount 4,000,000.00
Interest Payable 4,000,000.00
Total Repayment 4,000,000.00

Deposit

Initial Deposit (5%)* 4,000,000.00
S&P Agreement (5%) 4,000,000.00
Further Down Payment 4,000,000.00
Total Deposit 4,000,000.00

Stamp Duty

Stamp Duty 4,000,000.00
Special Stamp Duty 4,000,000.00
Buyer Stamp Duty 4,000,000.00
Total Stamp Duty 4,000,000.00
Agency Commission 4,000,000.00
Total Expenses 4,000,000.00
* 5% of the agreed property's price
** The remainder of 10% of property's price minus the initial deposit

The calculation of the above "Residential Property Price and Maximum Loan Amount Table" is based on the first-time property buying case.
Information is for reference only. All terms and conditions are subject to bank, HKMA, HKMC and Inland Revenue Department’s final approval.

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Key Contacts

Edina Wong

Edina Wong

E-106767
Senior Director
Residential Services

Savills Two Exchange Square, 23/F

+852 2842 4283

+852 2842 4283

 

Keith Chang

Keith Chang

E-080289
Managing Director
Residential Sales

Savills Two Exchange Square, 23/F

+852 9083 3923

+852 9083 3923