HKMC Mortgage Insurance Premium Calculator

For private homes in Hong Kong, a loan above the HKMA's current basic 70% LTV cap will generally require mortgage insurance. Mortgage insurance protects the lender, not the borrower, and allows eligible buyers to apply for a higher-LTV mortgage. The applicable maximum LTV, property-price limit, premium and income requirements are subject to the HKMC criteria in force at the time.

Mortgage insurance premiums vary according to the loan-to-value ratio, repayment term and premium discount. Generally, the higher the loan-to-value ratio and the longer the term, the higher the premium rate. Common market offers include premium discounts (for example, 35% off) or adding the premium to the loan amount. If the premium is added to the loan, immediate cash outlay is reduced, but monthly payments and total interest expense will increase.

HK FinBox 的 HKMC 按揭保險費計算機，讓你輸入樓價、貸款成數、還款年期、保費折扣率、利率，以及是否將保費折算入貸款，自動估算標準保費、折扣後保費及對每月供款的影響。

If funds allow, it is best to pay the premium in a lump sum to avoid extra interest. If you add it to the loan, include the increased monthly payment in your stress-test assessment. Also, different banks may offer different premium discounts or rebates, so compare terms from several banks when applying for a mortgage and confirm the final premium with the loan officer.