Singapore Mortgage Calculator
Calculate your monthly mortgage payments and total interest for property purchases in Singapore. This calculator takes into account Singapore-specific requirements including minimum down payment rules and typical loan tenures.
Features:
- Promotional Rate Support: Model bank promotional offers (e.g., 1.5% for first 3 years, then floating rate)
- Visual Amortization: Interactive charts showing loan balance burndown and principal vs interest breakdown
- Scenario Comparison: Compare different interest rates and loan tenures side-by-side
- Detailed Schedules: View monthly and yearly payment breakdowns with rate change indicators
- Singapore-Specific: Built-in validation for TDSR limits and minimum down payment requirements
Singapore Property Loan Guidelines
This calculator helps you estimate your monthly mortgage payments for property purchases in Singapore.
Key Points:
- Minimum Down Payment: At least 25% down payment is typically required (5% in cash, 20% via CPF or cash for HDB loans; varies for private property)
- Loan Tenure: Maximum 25-30 years depending on property type and age
- TDSR Limit: Total Debt Servicing Ratio cannot exceed 55% of gross monthly income
- Interest Rates: Rates vary by bank and loan package (HDB: ~2.6%, Banks: typically 3-4%)
- Additional Costs: Remember to factor in stamp duty, legal fees, and agent commission
Disclaimer: This calculator provides estimates only and should not be considered as financial advice. Actual loan terms may vary based on your financial profile, property type, and lender policies. Please consult with a licensed financial advisor or mortgage specialist for personalized advice.