Repayments and other costs

Having enough money put away for the down payment and additional initial costs is as important as paying back the repayments. The additional initial cost you may need to consider including solicitor fee (such as sales and purchase agreement, assignment deed and mortgage deed), government fee (including stamps duty) and property agent fee.

With the maximum loan amount you can afford, you can minimize your down payment by borrowing up to the maximum loan ratio, i.e. 95%* for High Advance Mortgage, or 70% for an ordinary mortgage loan.

* The maximum mortgage loan amount is capped at 95% of the property purchase price or property valuation (whichever is lower) provided that mortgage insurance cover is made available by The Hong Kong Mortgage Corporation Limited.

Monthly and fortnightly repayments

The above information is for reference only.

Notes:
(1) Interest is calculated on a daily basis.
(2) It is assumed that the starting date in calculating the interest shall be the month in which the mortgage planner is being used by customers commencing from the 1st day of the month.