Tool
Affordability Calculator
Work out the most you can pay for a home — the loan TDSR and MSR allow, the LTV cap on that loan, the cash and CPF you need upfront, and the year your savings will be ready for a target price.
What are you buying?
HDB flat: limited by TDSR and MSR — the mortgage alone must also be ≤ 30% of gross income.
Loan from
How many buyers?
Profile
After this, will own
Counted at 70% of the annual figure, divided by 12.
Home loans you're still repaying
Max 30 years for this loan.
Pledged for 4 years, counted over 48 months. Un-pledged 'show funds' are recognised at only 30% — not modelled here.
Floating packages are around 1.4%–2.0% now. Not sure? Use the default and go with your banker's quote.
What you can afford
Most you can pay
$909,370
Your income is the limit — more cash won't raise this.
- Maximum loan
- $682,028
- Loan-to-value cap
- 75%
- Tenure used
- 25 yrs
- Stressed at
- 4%
- Monthly income free for a mortgage
- $3,600 · capped by MSR (30%)
At that price
- Loan
- $682,027
- Downpayment
- $227,343
- — min. cash
- $45,469
- — CPF / cash
- $181,874
- Buyer's Stamp Duty
- $21,881
- Additional Buyer's Stamp Duty
- $0
- Cash needed upfront (min. cash + duties)
- $67,350
- Instalment at the 4% stress rate
- $3,600 / mo
- Instalment at 1.8%
- $2,825 / mo
Planning estimate only, not tax or financial advice. Based on published rates as of MAS / HDB financing rules (TDSR, MSR, LTV, stress rate) and IRAS stamp duty, as published (2024-08-20). Rates and rules can change by government notice -- confirm your exact figures with IRAS/HDB or your solicitor before relying on this for a purchase decision.
What you could afford by property type
Based on income only — not your cash and CPF. Private is capped by TDSR (55% of income); an HDB flat or a developer EC is also capped by MSR (30%), because subsidised housing carries a tighter mortgage limit.
Shows the standard tenure and the longer tenure that drops the LTV.
| Type | Scenario | Max loan | Max price | Downpayment | Instalment |
|---|---|---|---|---|---|
| Private (TDSR) | 30 yrs · 75% LTV | $1,382,444 | $1,843,258 | $460,815 | $4,973 |
| 35 yrs · 55% LTV | $1,490,599 | $2,710,180 | $1,219,581 | $4,786 | |
| Executive condo (MSR) | 30 yrs · 75% LTV | $754,060 | $1,005,413 | $251,353 | $2,712 |
| 35 yrs · 55% LTV | $813,054 | $1,478,279 | $665,226 | $2,611 | |
| HDB resale (MSR) | 25 yrs · 75% LTV | $682,028 | $909,370 | $227,343 | $2,825 |
| 30 yrs · 55% LTV | $754,060 | $1,371,018 | $616,958 | $2,712 |
When will you be ready?
Project your cash and CPF OA forward and see the year your capital covers the upfront cost.
Leave at 0 to use the most you can afford today.
Estimated from your income, the wage ceiling and your age band. Edit if you know it.
Your capital already covers a $909,370 home today.
Understanding the numbers
How the ceiling is worked out
Your maximum price is the lower of two limits: what a bank will lend, and what your cash plus CPF can fund upfront. The tool solves both and tells you which one binds.
The lending limit is set by MAS rules, and the instalment used to test it is stressed at a medium-term rate — not today's rate — so a fall in rates does not raise your ceiling.
The three rules that cap your loan
| Rule | Limit | Applies to |
|---|---|---|
| TDSR | All monthly debt ≤ 55% of gross income | Every property loan |
| MSR | Mortgage alone ≤ 30% of gross income | HDB flats and developer ECs only |
| Stress rate | Instalment computed at 4% (bank) / ~3% (HDB loan) | The TDSR / MSR test |
TDSR also counts car loans, personal loans and credit-card minimum payments.
Loan-to-Value limits
The maximum loan is divided by the LTV cap to get the price it supports.
| This is your… | Standard LTV | Min. cash | Reduced LTV |
|---|---|---|---|
| 1st housing loan | 75% | 5% | 55% |
| 2nd housing loan | 45% | 25% | 25% |
| 3rd or more | 35% | 25% | 15% |
The reduced LTV applies if the loan runs past age 65, or the tenure is over 30 years (private) / 25 years (HDB).
The cash and CPF side
- The minimum cash slice must be cash. The rest of the downpayment can come from CPF Ordinary Account.
- On top of the downpayment: Buyer's Stamp Duty and ABSD, plus legal and valuation fees. The full upfront cost tool breaks every item down.
- For two buyers: combined income drives TDSR/MSR, the income-weighted average age drives tenure and the age-65 LTV cut, and ABSD is charged at the higher of the two rates.
Frequently asked questions
How much home loan can I get in Singapore?
A bank will lend up to the point where your stressed monthly instalment — computed at 4% over your chosen tenure — plus your other monthly debts reaches 55% of gross monthly income (TDSR). For an HDB flat or a developer EC, the mortgage alone is also capped at 30% of income (MSR). The loan is then subject to the LTV limit: 75% for a first housing loan, less for later ones.
What is TDSR and how is it calculated?
The Total Debt Servicing Ratio limits all your monthly debt repayments to 55% of gross monthly income. It counts the new mortgage instalment (stressed at 4% for a bank loan), plus car loans, personal loans, student loans, credit-card minimum payments and any other property loans.
What is MSR and when does it apply?
The Mortgage Servicing Ratio caps your monthly home-loan repayment at 30% of gross monthly income. It applies only to HDB flats and to Executive Condominiums bought directly from the developer. Private property is subject to TDSR only.
How much cash do I need to buy a Singapore property?
For a first loan at 75% LTV you need 5% of the price in cash and another 20% from cash or CPF, plus Buyer's Stamp Duty and legal/valuation fees in cash. For a second loan or a reduced LTV, the minimum cash rises to 25% of the price.
Can I use CPF for the downpayment and stamp duty?
CPF Ordinary Account can cover the portion of the downpayment above the minimum cash requirement, and can be used for Buyer's Stamp Duty and legal fees (often on a reimbursement basis). It cannot be used for the minimum cash downpayment or for any amount paid above the property's valuation.
Does buying with my spouse increase how much we can borrow?
Yes — the bank assesses combined gross income against TDSR and MSR, so two incomes raise the loan ceiling. The loan tenure and the age-65 LTV cut are based on the income-weighted average age of the two of you, and ABSD is charged at the higher of your two applicable rates.
Related tools
Purchase Cost & Payment Schedule
What you pay upfront to buy — downpayment split into cash and CPF, Buyer's and Additional Buyer's Stamp Duty, legal and valuation fees — and when each payment falls due: a short timeline for a resale, or the full progressive payment plan for a new launch.
ABSD & Stamp Duty Calculator
Estimate the Buyer's Stamp Duty and Additional Buyer's Stamp Duty on a Singapore residential purchase — for a single buyer or a joint purchase by two, with the BSD tier breakdown and the married-couple remission scenarios.
Mortgage & Refinancing Calculator
The monthly instalment and total interest on a home loan, how the balance falls year by year, and whether refinancing to a new rate pays off after the switching cost.