Do not get bankrupt with our loan and budget calculator

This tool takes another approach compared to the traditional mortgage calculators:

  • Input how much money you can spare monthly to repay your loan and for how long,
  • Set the different criteria according to your situation (citizenship, outstanding loans).

We will tell you how much cash you need and the maximum price you can afford.

This tool has been updated with the latest round of cooling measures from the Singapore government in effect from January 12, 2013.

What Property Can You Afford?

Monthly PaymentA good rule of thumb is that you can comfortably afford about 30-35% of your monthly income. S$
Loan tenureLoan tenures in Singapore are capped at 35 years.
Tenures above 30 years introduce extra down payment requirements (see Loan To Value below).  Years
Loan To Value ratioThe LTV is the percentage of the purchasing or valuation price, whichever is lower, that can be borrowed from a financial institution in Singapore.
This ratio is capped depending on your situation (the lower the LTV, the bigger the down payment):

Individuals obtaining a first housing loan: 55% if loan tenure exceeds 30 years or loan period extends beyond retirement age of 65, 75% in other cases (it might be 65% for foreigners in some banks)

Individuals obtaining a second loan: 25% if loan tenure exceeds 30 years or loan period extends beyond retirement age of 65, 45% in other cases

Individuals obtaining a third or subsequent loan: 15% if loan tenure exceeds 30 years or loan period extends beyond retirement age of 65, 35% in other cases.

Non-individuals (companies) obtaining a first or subsequent loan: 15% 
Interest RateRates currently offered by banks are around 1-1.5%, but be careful that interest rates are currently at historical lows, so they are likely to go up in the near future.  %
Stamp dutiesStandard stamp duties (tax) are payable to the IRAS by any person buying a property in Singapore. The amount is roughly 3% of the purchase or valuation price, whichever is higher

To cool down the market, some Aditional Buyer Stamp Duties (ABSD) was introduced which depend on your situation:

Citizen 1st: Singapore citizens buying a first property do not pay any extra.
Citizen 2nd: Singapore citizens buying a second property pay an extra 12%.
Citizen 3rd+: Singapore citizens buying a third property and beyond pay an extra 15%.

PR 1st: Permanent Residents buying a first property pay an extra 5%.
PR 2nd+: Permanent Residents buying a second property and beyond pay an extra 15%.

Foreigner: Foreign nationals buying a first property and beyond pay an extra 20%.

Company: Companies buying a first property and beyond pay an extra 25%. 
You can afford properties
up to
You need cash of
approx.

Interest Rate Change Impact

Interest rates in Singapore are
currently at historical lows.
Check the impact of a rate
increase on your monthly payment.
Loan AmountFill in the information on the left to automatically calculate how much you will have to borrow. S$
New Interest RateRates currently offered by banks are around 1-1.5%, but be careful that those rates are often not fixed. You may check the impact of a rate increase on your monthly payments. %
In case of such a rate change,
your monthly payment will be
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Disclaimer: EZ Property Network and its representatives do not guarantee the accuracy of the information provided and shall accept no liability for loss or damage arising
from decisions or actions made by users of this tool. The amounts are approximate and do not constitute approval for a loan.