✔ 最佳答案
assumption: 3% mortgage annual interest rate
(i.e. effective monthly rate = 0.25%
Allowable Monthly Payment = (HK$30,000 - HK$3,500) x 50%
= HK$13,250.00
No. of Monthly Payment in 25yrs = 25 x 12 = 300
Loan from Bank = $13,250.00 x {1 - [(1 + 0.25%) ^ (-300)]} / 0.25%
= HK$2,806,556.80
Insurance lump sum payment for 25 yrs = 3.78% of the loan amount
Loan for the Premises = HK$2,806,556.80 / (1 + 3.78%)
= HK$2,704,333.01
If we add the 5% downpayment, we get
The Maximum Price of the Premises = HK$2,704,333.01 / 95%
= HK$2,846,666.33
Hence, you could can look for property approximate at HK$2.8m
However, please don't forget the following lump sum cost at the acquisition of the premises:
1: 5% Downpayment = HK$142,333.32
2: 1% Commission to Property Agent = HK$28,466.66
3: 1.5% Stamp Duty = HK$42,699.99
4: Legal Cost = HK$5,000
http://www.eaa.org.hk/publications/ch_pub_mortgages14.htm
http://www.gov.hk/tc/residents/taxes/stamp/stamp_duty_rates.htm