The Mortgage Repayment Calculator aims to calculate, based on the figures you input into the Calculator, the monthly mortgage repayment amount and its ratio to monthly income (i.e. the debt servicing ratio), as well as how a change in the mortgage interest rate would affect the repayment amount. Please keep in mind that the calculation results are estimates for reference only. In calculating the debt servicing ratio of a mortgage applicant, a bank will take into account the mortgage instalment as well as other debt repayments of the applicant.
Note 1: Banks will consider a variety of factors when assessing a mortgage loan application. The mortgage loan amount approved by banks may not be the same as the amount requested by applicants.
Note 2: Currently, the following formulae are commonly used for calculating mortgage interest rates. They are for reference only. Please refer to the mortgage interest rate or calculation formula set out in the terms of your mortgage.
Note 3: The above results are rounded to nearest Hong Kong dollar.
Disclaimer: The results generated by the Mortgage Repayment Calculator (“Calculator”) are for reference only, and no reliance should be placed by any person on such results for any purposes. The Calculator only takes into account the figures as inputted, and not any other factors, such as the financial condition and repayment ability of the person or the terms of a mortgage (such as legal fees, service charges, rebates, etc.), which might affect the results if they are taken into account in the loan approval process. A bank would take into account all relevant factors (not only mortgage repayment) when assessing a mortgage loan application. The results generated by the Calculator do not in any way represent or reflect the amount of mortgage loans that the bank will approve.