Mortgage Calculator Singapore
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Mortgage Calculator Singapore

Calculate your Singapore home loan monthly repayment, total interest and amortisation schedule · House loan calculator for HDB and private property

Singapore mortgage calculator
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yrs
Monthly repayment
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Total interest payable
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Total amount payable
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Principal (-) Interest (-)
Amortisation schedule
Year Annual Payment Principal Paid Interest Paid Remaining Balance
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Singapore mortgage calculator - how to use

Use this Singapore mortgage calculator‌ to calculate your monthly repayments‚ total interest payable and total repayment amount based on your property price‚ down payment‚ interest rate and loan tenure․

This calculator can be used as a house loan calculator‚ home loan calculator or a mortgage repayment calculator for‌ those interested in buying properties‚ such as buying HDB flats and private properties in Singapore by comparing different prices‚ loan amounts and interest rates․

Four main factors determine the amount you have to pay monthly for your mortgage loan: the price of the property‚ the down payment‚ the loan amount‚ the interest rate and the loan tenure․ When you pay a higher down payment‚ your loan amount is lower․ A longer loan period requires lower monthly repayments‚ while increasing the total interest payable over time․

The calculator also produces an amortization schedule‚ which shows you how much of your mortgage repayment goes to the loan principal‚ and how much goes to interest․ In the early years of the loan‚ mortgage repayments go mostly to interest‚ rather than to the loan principal․ As time goes on‚ a larger portion of each mortgage payment goes to reducing the loan's principal․

TDSR‚ MSR‚ LTV‚ CPF‚ stamp duty‚ legal fees and other home purchase expenses in Singapore may also affect your loan eligibility․ This calculator provides an estimate of your monthly mortgage repayments and total interest paid․ Your bank may approve you a different mortgage loan amount and interest rate based on your income‚ credit rating and property type․

Mortgage Calculator Singapore FAQ

Frequently Asked Questions About Singapore Mortgage Calculator

Monthly mortgage repayment is calculated using the loan amount, interest rate and loan tenure. The calculator uses the standard reducing balance method, where each monthly payment includes both principal and interest.
Yes. You can use this calculator to estimate home loan repayments for HDB flats, condos and private properties. However, borrowing limits and loan rules may differ depending on the property type and loan type.
TDSR stands for Total Debt Servicing Ratio. It limits how much of your gross monthly income can go toward total monthly debt repayments. In Singapore, the TDSR threshold for property loans is generally 55%.
MSR stands for Mortgage Servicing Ratio. It applies to HDB flat purchases and limits the monthly mortgage repayment to a percentage of the borrower’s gross monthly income. This is separate from TDSR.
Yes. CPF Ordinary Account savings can generally be used to pay for housing down payment and monthly mortgage instalments, subject to CPF housing usage rules and withdrawal limits.
A fixed rate mortgage gives more certainty because the interest rate is fixed for a period of time. A floating rate mortgage may move up or down depending on market rates. The better option depends on your risk tolerance, budget and current loan package offers.