Hong Kong 💰 HKD Last updated2026-05-28

Mortgage Calculator Hong Kong

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Quick answer (Hong Kong)

A HK$6,000,000 HIBOR-linked mortgage at 4.15% over a 30-year term works out to a monthly payment of about HK$29,166, with total interest of HK$4,499,832 over the full term.

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Mortgage Calculator

HKD

Home Value

HK$

LTV 80% · No PMI ✓

Loan Amount

HK$

Interest Rate

Term

Total Monthly

HK$39,166

PITI

Principal + Interest

HK$29,166

43% goes to interest

Total Interest

HK$4,499,832

over 30 years

Monthly Breakdown

Principal & InterestHK$29,166

Property Tax (1.1%/yr)HK$6,875

Homeowner's Insurance (0.5%/yr)HK$3,125

Total MonthlyHK$39,166

Principal vs Interest Split

57% principal

43% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Mortgages in Hong Kong

Typical loan

HK$6,000,000

in Hong Kong

Typical rate

4.15% p.a.

prime borrower, 2026

Typical term

30 years

most common

Market overview

Hong Kong mortgages are dominated by HSBC, Hang Seng Bank, Bank of China (HK), Standard Chartered HK, and Bank of East Asia. Most are HIBOR-linked (Hong Kong Interbank Offered Rate) with caps at the Best Lending Rate (P-rate). The HKMA enforces aggressive macroprudential rules — LTV caps stepped by property price (e.g., 80% on HK$10m, 60% on HK$20m+, 50% above HK$30m) and stress tests at +200 bps above the contract rate. The USD-peg means HKD mortgage rates track Fed funds closely.

Why 4.15% is the typical rate

4.15% reflects a typical HIBOR-capped mortgage rate for an owner-occupier at 70% LTV in early 2026, after HKMA tracked the Fed easing cycle. The effective rate is typically HIBOR + 1.3% capped at Best Lending Rate - 2.5%.

Tax & regulatory notes

No mortgage interest deduction in Hong Kong (uniquely — most jurisdictions have one). Stamp duty (BSD/AVD) is complex: ad valorem 4.25-15% depending on price/buyer status, plus Buyer's Stamp Duty 15% for non-permanent residents on residential, plus Special Stamp Duty 10-20% on resales within 36 months. Permanent residents buying their first home pay only AVD. Government cooling measures continue to evolve — check current rates with the Inland Revenue Department.

🧮 Worked example

A HK$6,000,000 HIBOR-linked mortgage at 4.15% over a 30-year term

Loan amount

HK$6,000,000

Annual interest rate

4.15%

Term

30 years (360 months)

Monthly payment

HK$29,166

Total interest paid

HK$4,499,832

Total paid (principal + interest)

HK$10,499,832

❓ FAQ (Hong Kong)

Common questions in Hong Kong.

Hong Kong stamp duty for first-time vs non-resident buyers?

Permanent HK resident first-time buyers pay only AVD (ad valorem stamp duty): 1.5% up to HK$3M, scaling to 4.25% above HK$21.7M. Non-permanent residents pay AVD + 15% Buyer's Stamp Duty (BSD). Permanent residents already owning property in HK pay AVD at the higher "second property" tier (typically 15% flat for residential up to certain thresholds). The Special Stamp Duty (SSD) applies if you resell within 36 months: 20% within 6 months, scaling down.

HIBOR-linked vs P-rate Hong Kong mortgage — which is better?

Almost all HK mortgages today are HIBOR-linked with a P-rate cap. Structure: rate = HIBOR + ~1.3%, capped at Best Lending Rate - 2.5%. When HIBOR is low (like 2020-2021), you pay the HIBOR-linked rate; when HIBOR spikes (2022-2024), you pay the cap. The cap protects against extreme spikes, which is the main benefit vs old P-rate-only products. Practically every new mortgage uses this HIBOR-cap structure.

HKMA stress test — what does it mean for my borrowing?

The HKMA requires banks to stress test mortgage borrowers at contract rate + 200 basis points. So if your offered rate is 4.15%, the bank must verify you can afford monthly payments at 6.15%. This caps your maximum loan size below what the headline LTV would suggest. For high-LTV (70%+) loans, the binding constraint is typically the stress test, not the LTV cap itself. Plan your budget around the stressed rate, not the actual.

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