One realistic maximum price, worked out from both your income limit and your cash and CPF, and which of the two is holding you back.
How much you can borrow in Singapore depends on two limits:
Your budget is the lower of the two.
The Total Debt Servicing Ratio (TDSR) caps all your monthly debt repayments, including the new home loan, at 55% of your gross monthly income. The Mortgage Servicing Ratio (MSR) applies to HDB flats and new executive condominiums and caps the home loan instalment alone at 30% of income. Both are assessed at a stress-test interest rate.
Because the downpayment and stamp duty must come from cash and CPF, many first-time buyers and upgraders can service a bigger loan than they can fund upfront. At a 75% loan you need 25% of the price, at least 5% of it in cash, plus BSD, any ABSD and legal fees.
Fixed income is counted in full and incomes of joint borrowers are added together. Variable income, such as bonuses, commission or allowances, is averaged over 12 months and counted at 70%.
From 24 August 2026 the household income ceiling is S$16,000 for families (S$8,000 for singles) for BTO flats and HDB loans. New ECs from sites tendered from that date have a S$18,000 ceiling; earlier EC sites remain at S$16,000. Above the ceiling you can still buy a resale flat with a bank loan.
Yes. If your age (the income-weighted average age for joint buyers) plus the loan tenure goes past 65, the maximum first bank loan falls from 75% to 55% of the price, and the minimum cash downpayment rises to 10%.
Banks count rental income at 70% after a 30% haircut, usually with a tenancy agreement and tax assessment as proof. Savings and investments can also be counted: banks commonly convert eligible financial assets into a monthly income figure over 48 months, with a haircut on investments. This calculator only uses salary and variable income, so ask Joanne if you rely on these.
CPF housing grants, such as the Enhanced CPF Housing Grant of up to S$120,000 for eligible first-timer families, go into your CPF Ordinary Account and are used for the downpayment and loan. Add any grant you qualify for to your CPF OA figure above to see its effect on your budget.
Yes, but private property owners must dispose of their private property and then wait 15 months before buying a non-subsidised HDB resale flat. Seniors aged 55 and above buying a 4-room or smaller resale flat are exempt from the wait-out.
If the remaining lease does not cover the youngest buyer to age 95, the amount of CPF you can use is pro-rated, and bank and HDB loans may be reduced for flats with a short lease. Older resale flats can therefore need more cash than this calculator shows; check with CPF's housing usage calculator.
One realistic maximum price, worked out from both your income limit and your cash and CPF, and which of the two is holding you back.
How much you can borrow in Singapore depends on two limits:
Your budget is the lower of the two.
The Total Debt Servicing Ratio (TDSR) caps all your monthly debt repayments, including the new home loan, at 55% of your gross monthly income. The Mortgage Servicing Ratio (MSR) applies to HDB flats and new executive condominiums and caps the home loan instalment alone at 30% of income. Both are assessed at a stress-test interest rate.
Because the downpayment and stamp duty must come from cash and CPF, many first-time buyers and upgraders can service a bigger loan than they can fund upfront. At a 75% loan you need 25% of the price, at least 5% of it in cash, plus BSD, any ABSD and legal fees.
Fixed income is counted in full and incomes of joint borrowers are added together. Variable income, such as bonuses, commission or allowances, is averaged over 12 months and counted at 70%.
From 24 August 2026 the household income ceiling is S$16,000 for families (S$8,000 for singles) for BTO flats and HDB loans. New ECs from sites tendered from that date have a S$18,000 ceiling; earlier EC sites remain at S$16,000. Above the ceiling you can still buy a resale flat with a bank loan.
Yes. If your age (the income-weighted average age for joint buyers) plus the loan tenure goes past 65, the maximum first bank loan falls from 75% to 55% of the price, and the minimum cash downpayment rises to 10%.
Banks count rental income at 70% after a 30% haircut, usually with a tenancy agreement and tax assessment as proof. Savings and investments can also be counted: banks commonly convert eligible financial assets into a monthly income figure over 48 months, with a haircut on investments. This calculator only uses salary and variable income, so ask Joanne if you rely on these.
CPF housing grants, such as the Enhanced CPF Housing Grant of up to S$120,000 for eligible first-timer families, go into your CPF Ordinary Account and are used for the downpayment and loan. Add any grant you qualify for to your CPF OA figure above to see its effect on your budget.
Yes, but private property owners must dispose of their private property and then wait 15 months before buying a non-subsidised HDB resale flat. Seniors aged 55 and above buying a 4-room or smaller resale flat are exempt from the wait-out.
If the remaining lease does not cover the youngest buyer to age 95, the amount of CPF you can use is pro-rated, and bank and HDB loans may be reduced for flats with a short lease. Older resale flats can therefore need more cash than this calculator shows; check with CPF's housing usage calculator.