Thinking about buying a house in Taiwan? Want to understand your monthly mortgage payments or how much interest you’ll end up paying? Taiwan Mortgage Calculator makes it easy to simulate different loan scenarios and better plan your purchase with confidence.
In this quick guide, we’ll walk you through how to use the tool step by step, along with a brief overview of typical mortgage practices in Taiwan.
How to use the mortgage calculator
Once you land on the calculator page, simply fill in a few key fields. The system will automatically calculate your estimated monthly payments, total loan amount, and interest.
1. Property price
Enter the total price of the property you’re planning to purchase (in New Taiwan Dollars).
2. Down payment percentage
Choose or enter the percentage of the purchase price you plan to pay upfront (e.g., 20%, 30%). The calculator will determine the remaining loan amount.
3. Loan term
Select your desired loan period. The most common terms in Taiwan range from 20 to 30 years.
4. Annual interest rate
Input your estimated mortgage rate. Current mortgage rates in Taiwan typically fall between 1.8% and 2.3%, though actual rates vary based on your bank and financial profile.
5. View your results
After entering all your information, the system will instantly show:
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Estimated monthly payment (principal + interest)
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Total loan amount
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Total interest paid over the loan term
💡 Bonus: You can also input your monthly income, and the tool will calculate what percentage of your income would go toward monthly repayments, helping you assess your affordability more clearly.
What’s typical for mortgages in Taiwan?
Most people in Taiwan choose the “equal principal and interest” repayment plan, which means your monthly payments remain fairly consistent, usually spread over 20 to 30 years. Local buyers typically put down about 20% to 30% upfront. However, as a foreigner, you should be prepared to make a higher down payment, generally between 30% and 50%, depending on the bank and your individual financial situation. How much you can borrow, the loan term, and the interest rate will all depend on factors such as your income verification, credit history, the type of property, and whether this is your first time buying.
Banks tend to exercise greater caution when lending to foreigners, primarily because verifying overseas income can be complex, credit histories may be limited, and finding a local guarantor is often challenging.
Nonetheless, some foreign borrowers qualify for terms similar to those offered to local buyers, particularly if they apply jointly with a Taiwanese spouse or hold permanent residency (APRC) with stable income in Taiwan. Additionally, borrowers with strong financial backgrounds may have opportunities to negotiate more favorable loan terms through private banking channels.
While the process may feel a bit challenging initially, if you meet these criteria, securing a mortgage comparable to or even better than what local buyers receive is entirely achievable. With careful preparation and the right support, you can confidently navigate this path to homeownership.
The government occasionally updates mortgage policies. For example, capping loan-to-value ratios for luxury homes or offering subsidies for first-time buyers. If you want to stay updated on changes coming in 2025 and their practical impact, we highly recommend reading this article:
Taiwan’s 2025 mortgage policy update: What foreign buyers need to know
It also includes essential tips and required documents for foreigners applying for a home loan in Taiwan.
📌 More Helpful Reads
Looking for a complete checklist of what you need to buy property in Taiwan as a foreigner? Don’t miss:
📃 What documents do I need to buy a property in Taiwan?
