Home Loan Calculator

Property Profile

How many properties will you own (including this one)

Local or overseas

Financial Details

From HDB Request for Value ($120)

Income

Existing Monthly Debt

Car loan, credit cards, etc.

Car loan, credit cards, etc.

CPF Ordinary Account (OA) Balance

Amount to retain (e.g. $20,000)

Amount to retain (e.g. $20,000)

Other Details

Check on HDB Map Services

Current SORA + spread

Exercise fee tops up to $5,000

Effective income: $10,000/mo

CPF OA for housing: $80,000

Grant Eligibility

For Proximity Housing Grant

Summary

Monthly Payment

$1,542

HDB Loan

Bank: $1,414

Cash Needed

$7,120

Upfront

CPF Used

$160,000

DP + Loan Offset

Grants

$80,000

Credited to CPF

Government Grants

EHG

Income exceeds $9,000 ceiling

—
CPF Housing Grant (Family)
$80,000
Total Grants

Credited to CPF OA, offsets purchase

$80,000

Grants added to your CPF OA — reduces your loan amount and/or cash outlay.

HDB Loan

Max loan (MSR)
$661,274
Max loan (TDSR)
$1,212,336
Max loan (LTV)
$400,000
Eligible loan amount

Binding: LTV

$400,000
Max property price
$826,593
Max monthly (MSR 30%)
$3,000/mo

Bank Loan

Max loan (MSR)
$628,384
Max loan (TDSR)
$1,152,037
Max loan (LTV)
$375,000
Eligible loan amount

Binding: LTV

$375,000
Max property price
$837,845
Max monthly (MSR 30%)
$3,000/mo
Property Price
$500,000

HDB Loan

Downpayment (80% LTV)

Required Downpayment

20% of property price

$100,000
CPF for Downpayment
$100,000
Cash for Downpayment

No minimum cash required

$0

CPF to Reduce Loan

Excess CPF applied to loan

Reduces loan principal

$60,000
Total CPF Used
$160,000
Loan Amount

Reduced from $400,000

$340,000

Fees & Duties

BSD
$9,600
Legal Fees (est.)
$2,000 – $3,000
Valuation Fee
$120
Option Fee
$1,000
Exercise Fee

Tops up option fee to $5,000

$4,000
Est. Total Cash Outlay

Cash DP + COV + fees + duties

$7,120 – $8,120

Bank Loan

Downpayment (75% LTV)

Required Downpayment

25% of property price

$125,000
CPF for Downpayment
$100,000
Cash for Downpayment

Min cash: $25,000

$25,000

CPF to Reduce Loan

Excess CPF applied to loan

Reduces loan principal

$60,000
Total CPF Used
$160,000
Loan Amount

Reduced from $375,000

$315,000

Fees & Duties

BSD
$9,600
Legal Fees (est.)
$2,000 – $3,000
Valuation Fee
$120
Option Fee
$1,000
Exercise Fee

Tops up option fee to $5,000

$4,000
Est. Total Cash Outlay

Cash DP + COV + fees + duties

$32,120 – $33,120