How Much Can I Borrow?
Enter your gross monthly income, your savings (cash and CPF) and the rate you expect: you'll see the largest home loan the 30% Mortgage Servicing Ratio allows at the 4% assessment rate, the most expensive property that buys and whether your income or your savings set the limit.
General values (Singapore). They don't account for regional rules or other costs that may apply. Check them with your lender or advisor.
More options
Enter your income, savings, interest rate and term.
A rough estimate with a fixed payment. Lenders will also look at your other debts and job stability.
Work out the mortgage for this home →Results are estimates. Solvemis accepts no responsibility for the results obtained or for how they are used. Always double-check the result and talk to a qualified professional before making decisions.
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How it works
How to use it
- Enter your gross monthly income and the savings you have available, cash and CPF.
- Add the interest rate you expect and the loan tenure.
- Check the share of income, buying costs and loan-to-value limit for Singapore and change them if needed: for private property, 55%, with your other repayments under «More options».
- See the maximum price, the breakdown and which limit applies.
How it is calculated
Two prices are calculated and the lower one applies. By income: the loan whose instalment, at the higher of your rate and 4%, is the chosen share of your gross monthly income, plus your savings, minus buying costs. By savings: the price at which your savings exactly cover the downpayment and the costs. The percentages are general values for Singapore. A second applicant's income is added to yours; other debt payments count the way the country's rule counts them.
Sources
- Buying a property: How much can you afford? — MoneySense (Government of Singapore)
- Calculating TDSR for Property Loans — Monetary Authority of Singapore
- Buyer's Stamp Duty (BSD) — Inland Revenue Authority of Singapore (IRAS)
- Additional Buyer's Stamp Duty (ABSD) — Inland Revenue Authority of Singapore (IRAS)
About this calculator
How it’s calculated
Two limits decide how much you can borrow. The first is the servicing ratio: the instalment, worked out at the higher of your rate and 4%, has to fit within 30% of your gross monthly income for an HDB flat or an EC. With S$8,000 a month that is S$2,400, enough for a loan of about S$454,700 over 25 years; at 2.6% the real instalment would be about S$2,063. The second is the downpayment: with a 75% loan, 25% of the price plus the buying costs come from your savings. The calculator works out the price each limit allows and shows the lower one.
Private property and other debts
For a condominium or a landed home the 30% limit doesn’t apply, but the TDSR does: all your monthly repayments, including car, student and credit card loans, must stay within 55% of your gross monthly income. Set the share of income to 55% and enter what you already repay each month under «More options»: it is taken off the 55% for you. Banks also cut variable income, such as bonuses and commission, and rental income by at least 30% before counting it.
Buying costs in Singapore
Buyer’s stamp duty is 1% on the first S$180,000, 2% on the next S$180,000 and 3% on the next S$640,000, rising to 6% above S$3 million; on S$600,000 it comes to S$12,600. Legal fees and valuation come on top. Singapore citizens buying a second home, permanent residents and foreigners also pay Additional Buyer’s Stamp Duty, from 5% to 60% of the price. The 3% filled in is a general value: check it with your bank or HDB.
Frequently asked questions
What are the MSR and the TDSR?
The Mortgage Servicing Ratio caps the instalment for an HDB flat or an EC at 30% of your gross monthly income. The Total Debt Servicing Ratio caps all your monthly debt repayments, the new home loan included, at 55%, and applies whenever you take a bank loan.
Why is the loan worked out at 4%?
MAS requires banks to calculate the instalment at the higher of a 4% floor and the loan's thereafter rate, the highest rate after any promotional period. The calculator tests your income at the higher of your rate and 4%; the instalment shown is at your real rate.
Can I count my CPF savings?
Yes: include the CPF Ordinary Account savings you plan to use. With a 75% bank loan, at least 5% of the price has to be paid in cash.
What if we buy as a couple, or I already pay other loans?
Under «More options» you can add the second applicant's income, which is added to yours, and what you already pay each month for other loans, cards or leasing. In Singapore, besides the limit for the mortgage payment (30%), there is another one for all your debts together (55%): whichever leaves less applies.
Updated 20 October 2026
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