Mortgage Calculator — China
Estimate your monthly mortgage payment in CNY using China's typical rates, and see the full interest cost. No signup, no account needed.
Local rates & providers
Mortgage rates based on 5-year LPR (~3.60%) + markup. First-home ≈ 3.1–3.8%, second-home slightly higher. PBOC uses 7-day reverse repo rate (1.40%) as main policy tool. Providers: ICBC, CCB, ABC, BoC, CMB.
Reference figures, ~2026. The People's Bank of China (PBOC) sets the policy rate; your offered rate depends on your profile, deposit and the lender. Verify current rates before deciding.
Worked example
For every ¥1,000,000 borrowed at 3.60% over 20 years:
- Monthly payment: ¥5,851
- Total repaid: ¥1,404,268
- Total interest: ¥404,268
Scale this to your loan amount — e.g. ¥3,000,000 costs about 3× these figures. A larger deposit and shorter term cut the interest sharply.
A real-data rate check: mortgage rates in China (2026)
Chinese mortgages are priced off the 5-year Loan Prime Rate (LPR), a benchmark set monthly by the People's Bank of China (PBOC). The PBOC cut the 5-year LPR to 3.5% on May 20, 2025, and as of September 20, 2026 it had held at 3.5% for 16 straight months. Actual mortgage rates are quoted as the LPR plus or minus a local-market spread. First-home buyers get the biggest discount: cities like Nanjing have offered rates as low as LPR minus 90 basis points (about 2.60% at today's 3.5% LPR). Second-home mortgages are typically priced 40-60 basis points higher than the first-home rate at the same bank.
A more realistic example: a ¥1,500,000 first-home mortgage at a typical current first-home rate of 3.1% over 30 years, using M = P·r·(1+r)^n / ((1+r)^n − 1), gives a monthly payment of about ¥6,405 and total interest of roughly ¥805,900 over the life of the loan.
Frequently Asked Questions
How is the mortgage payment calculated in China?
Lenders use the reducing-balance formula P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan, r the monthly rate and n the number of months. The fin·calc tool applies the same formula with China's typical rate.
What is the current home loan rate in China?
As a 2026 reference, typical rates are around 3.6% per year, linked to the People's Bank of China (PBOC) policy rate. Mortgage rates based on 5-year LPR (~3.60%) + markup. First-home ≈ 3.1–3.8%, second-home slightly higher. PBOC uses 7-day reverse repo rate (1.40%) as main policy tool. Providers: ICBC, CCB, ABC, BoC, CMB.
How much deposit do I need?
A larger down payment lowers both your rate and total interest, and reduces the lender's risk. Most lenders also add valuation, legal and registration costs on top of the deposit.
Can I reduce the total interest?
Yes — a bigger deposit, a shorter term, and extra or early repayments all cut total interest significantly. Use the prepayment option in the calculator to see your exact saving.
What is the Loan Prime Rate (LPR) and why does it matter for Chinese mortgages?
The LPR is the PBOC's benchmark lending rate, published monthly. Nearly all Chinese mortgages are priced as the 5-year LPR plus or minus a spread set by the bank and local regulators, so when the PBOC cuts the LPR, mortgage rates for both new and many existing borrowers move with it.
Do first-home and second-home mortgages have the same interest rate in China?
No. First-home buyers usually get a discount off the 5-year LPR (sometimes 40-90 basis points below it in cities with looser rules), while second-home mortgages are typically priced 40-60 basis points higher than the first-home rate at the same bank.
Related calculators
Sources
People's Daily Online (May 21, 2025): PBOC cuts 1-year LPR to 3.0% and 5-year LPR to 3.5%. China Foreign Exchange Trade System (authorised by PBOC), LPR announcement 20 September 2026: 1-year 3.0%, 5-year+ 3.5% (accessed 15 October 2026). See our methodology and editorial policy for how we source and update this data.