HKMC Mortgage Insurance Premium Calculator

A private-home mortgage above the HKMA's basic 70% LTV limit will normally need mortgage-insurance cover. The cover protects the lender rather than the borrower. The maximum LTV, property-value limit, loan cap and applicant conditions still have to be approved by the participating bank and HKMCI.

This page does not invent a premium from a formula. It looks up the floating-rate, single-premium table effective 16 October 2024, using the property value, LTV and loan tenor. Its current scope is a first-time buyer with no Hong Kong residential property who is a regular salaried applicant. The discount input is a bank-quotation scenario, not a guaranteed 35% discount.

Under the published criteria, a property at or below HK$10 million may qualify for up to 90% LTV, subject to the applicant conditions. Between HK$10 million and HK$11.25 million, the HK$9 million loan cap also applies. From HK$11.25 million to HK$15 million, the published maximum is generally 80%. The calculator checks these boundaries before showing a premium.

Paying the premium upfront avoids interest on the premium. Financing it reduces the immediate cash requirement but increases both the mortgage principal and total interest. Before signing, ask the bank to confirm the valuation, final premium, any loading or discount, income assessment and whether the financed premium affects the approved loan amount.