Free online Mortgage Calculator. Input home price and down payment, auto-calculates monthly payment, total interest and payoff amount. Supports equal installment and equal principal methods. Essential tool for home budget planning. | No Sign-up · Data Never Leaves Your Device
Zero Dependencies · Works OfflineEnter home price, down payment percentage, loan term, and rate
| City | First Home | Second Home |
|---|---|---|
| Beijing | 30% | 50% |
| Shanghai | 30% | 50% |
| Guangzhou | 30% | 40% |
| Shenzhen | 30% | 40% |
| Other Cities | 20%-30% | 30%-40% |
1. Enter home price (in 10K).
2. Select or enter down payment percentage (e.g. 30%).
3. Select loan term (10-30 years) and rate type.
4. For custom rate, enter it in the custom input field (overrides the dropdown selection).
5. Select repayment method, click Calculate to view results.
Provident fund loan rates are typically 1-2 percentage points lower than commercial loans. For example, a 1M loan over 30 years: Provident Fund at 3.25% has monthly payment ~4352, Commercial at 4.2% has monthly payment ~4890, a monthly difference of ~538 and total interest difference of ~190K over 30 years.
It depends on the opportunity cost of capital. If your investment return > loan rate, a smaller down payment is more advantageous; otherwise pay more. Currently LPR is about 3.95% — if you have a stable investment channel with annual returns above 4%, it's recommended to make a smaller down payment.
LPR (Loan Prime Rate) is the lending rate commercial banks apply to their best customers. Currently, the 5-year+ LPR is 3.95% (2024), and mortgage rates are typically based on LPR with a spread adjustment. LPR is updated on the 20th of each month.