Financial Tools
Remortgage / Equity Release Calculator
Enter your original mortgage details to auto-calculate the remaining balance, then compare interest savings, cash rebates, and penalty costs between schemes.
Property Details
Original Mortgage
New Mortgage Plan
Remortgage Costs
Enter details to calculate
Total Net Benefit: —
Current Payment
—
After Remortgage
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Detailed Analysis
Remortgage Essentials
Auto-Calculated Remaining Balance
No need to manually figure out how much you still owe. Enter your original loan amount, interest rate, and years paid — the system calculates your exact remaining principal.
Cash Rebate >1% Reduces Loan Amount
HKMA rule: any cash rebate exceeding 1% of the loan amount must be deducted from the principal. A 2% rebate does not mean you pocket the full 2% in cash.
Penalty Period
Most mortgages have a 2–3 year penalty period. Remortgaging within this window incurs several months' worth of interest as a penalty. Wait until the penalty period ends.
H-Plan vs P-Plan
HIBOR-based plans have a cap rate for protection; Prime-based plans are more stable. As of 2026, H-plan caps at ~4.125%, P-plan at ~5.875%. H-plan is usually cheaper long-term.