Find out what property price your household can realistically afford. This calculator checks against HDB's Mortgage Servicing Ratio (MSR) of 30% and MAS's Total Debt Servicing Ratio (TDSR) of 55%.
For HDB flats, your monthly mortgage repayment cannot exceed 30% of your gross monthly income. This is an HDB rule and applies to both HDB loans and bank loans used to buy HDB flats.
Your total monthly debt obligations (mortgage + car loan + credit card minimums + all other debts) cannot exceed 55% of your gross monthly income. This is an MAS regulation that applies to all property loans.
HDB loans require a minimum 10% down payment (can use CPF). Bank loans require 25% down payment (at least 5% in cash, rest can be CPF). Your available cash and CPF determine the maximum property price even if your income supports a larger loan.
This is a simplified estimate. Actual loan approval depends on credit assessment, age, remaining lease, and other factors. Bank loan rates used here (3.0%) are illustrative. Always consult HDB or your bank for confirmed figures. Sources: HDB, MAS.