Mortgage Calculator

The smartest way to service a CNY 1M mortgage — payment and interest curves at a glance

The Mortgage Calculator covers commercial, housing provident fund, and combined loans, supporting EMI, equal principal, and interest-first repayment. Enter the loan amount, term and rate to get the monthly payment, total interest, total repayment and a month-by-month schedule. Based on the 2026 5-year+ LPR of 3.50% and the provident fund rate of 2.60%, it helps buyers and applicants gauge payment pressure quickly. Everything is computed locally in your browser — no uploads, for personal loan decisions only.

Input Parameters

Rate Reference

Under the PBOC's latest policy, current housing provident fund loan rates:

Housing provident fund loan rates (2026)

Category Up to 5 years (incl. 5) 5+ years
First-home housing provident fund loan 2.1% 2.6%
Second-home housing provident fund loan 2.525% 3.075%

Policy: provident fund rates follow the latest national policy; check the local fund center's announcements.

Note: commercial rates (LPR-based) vary by bank and market; the suggested values here are for reference only.

2026 Mortgage Calculator Guide for Home Buyers

EMI vs equal principal: which should you choose?

Choosing a repayment method is the classic mortgage dilemma. Comparing both here, you'll find:

  • EMI (recommended): fixed payments. More total interest, but light early burden — for steady earners still building savings.
  • Equal principal: payments shrink monthly. Heavy at the start (largest first payment) but lowest total interest — for those with cash in hand.

What is the LPR floating rate?

The LPR (Loan Prime Rate) is China's benchmark lending rate. Apart from provident fund loans, virtually all mortgages now price as "LPR + spread".

Your mortgage rate isn't fixed forever. Each year (usually Jan 1 or the loan anniversary), the bank recalculates your payment from the latest LPR. If the central bank cut rates during the year, next year's payment drops.

How to best allocate a combined loan?

If the provident fund quota (typically CNY 600K single / 1M family) can't cover the price, you'll need a combined loan.

Tip: max out the housing provident fund first, then cover the rest with a commercial loan. The fund rate (~2.6%) sits far below commercial rates (~3.5%+), minimizing total interest.

About Interest-First Repayment

This calculator also handles interest-first repayment — typically for business-secured loans (not standard mortgages): interest only until the principal falls due in one lump sum. Capital-efficient but risky at maturity; choose carefully.

Frequently Asked Questions

What are mortgage rates in 2026?

The 5-year+ LPR is 3.50%; first-home provident fund loans run 2.6% (5yr+) and second homes 3.075%. Commercial rates add a spread over LPR — check your bank's current offer.

EMI or equal principal — which is better?

Equal principal costs less overall but front-loads the burden; EMI keeps payments flat but costs more in total. Salaried employees with steady income usually suit EMI; those with ample cash flow can take equal principal.

How to split a combined loan optimally?

Use the full provident fund quota first (up to CNY 600K individual / 1M family), then a commercial loan. The fund rate sits far below commercial rates, minimizing total interest.

How does the LPR change each year?

Commercial mortgages price as LPR + spread and recalculate each Jan 1 at the latest LPR. After rate cuts, next year's payment falls.

Is early repayment worth it?

If your investments can't reliably beat the mortgage rate, partial prepayment makes sense. Use GFWPS's Mortgage Early Repayment to see the savings.