Home Loan Affordability Calculator Singapore

Your maximum home loan depends on three factors: (1) Loan-to-Value (LTV) limit — 75% of property value for your first property, (2) TDSR limit — total monthly debt repayments must not exceed 55% of gross income, and (3) MSR limit for HDB — HDB loan repayment must not exceed 30% of income. The binding constraint is typically whichever gives you the lower loan amount.

There is no official minimum salary to buy private property, but your income determines your maximum loan. As a rough guide, for a S$1M property with 25% downpayment (S$750K loan at 3.1% over 25 years), monthly repayment is ~S$3,600 — requiring gross income of ~S$6,545 for TDSR. For HDB flats, the income ceiling is S$14,000/month for families.

For bank loans: minimum 25% downpayment (5% cash + 20% CPF or cash). For HDB loans: minimum 20% (can be fully CPF). For second properties: 45% downpayment required (25% cash). Plus stamp duty (BSD/ABSD) must be paid in cash.

Yes. For your first property, 20% of the downpayment can be paid from CPF OA (only 5% must be cash). For HDB loans, 100% of the 20% downpayment can be from CPF. For second properties, the additional 25% downpayment must be in cash.

HDB loans are only for HDB flats. There is no specific price ceiling for the loan itself, but HDB flat prices are regulated. The HDB loan covers up to 80% LTV of the flat's purchase price or valuation. Your household income must not exceed S$14,000/month (S$7,000 for singles applying for eligible flat types).