Mortgage Calculator Singapore 2026: HDB, CPF and Private Property Guide
March 2026 · 8 min read
Quick Answer
On an S$600,000 home loan at 3.5% over 25 years your monthly payment is approximately S$3,001. CPF Ordinary Account savings can be used for down payment and monthly mortgage servicing — reducing your cash outflow significantly.
Singapore Mortgage Monthly Repayment Chart
Monthly payment guide for Singapore home loans at 3.5% bank loan rate.
| Loan Amount | 20 Years | 25 Years | 30 Years |
|---|---|---|---|
| S$300,000 | S$1,740 | S$1,501 | S$1,347 |
| S$500,000 | S$2,900 | S$2,501 | S$2,245 |
| S$600,000 | S$3,480 | S$3,001 | S$2,695 |
| S$800,000 | S$4,640 | S$4,002 | S$3,593 |
| S$1,000,000 | S$5,800 | S$5,002 | S$4,490 |
| S$1,500,000 | S$8,700 | S$7,503 | S$6,736 |
HDB Loan vs Bank Loan Comparison
Choosing between an HDB loan and a bank loan is one of the most important decisions Singapore homebuyers make.
| Feature | HDB Loan | Bank Loan |
|---|---|---|
| Interest Rate | 2.6% fixed | 3.0-4.5% variable |
| Down Payment | 10% (CPF ok) | 25% (5% must be cash) |
| Eligible Properties | HDB flats only | HDB and private |
| Early Repayment Penalty | None | May apply in lock-in |
| Late Payment | More flexible | Stricter |
| Best For | Security and flexibility | Lower rates (currently) |
Calculate Your Singapore Mortgage Free
Use our free mortgage calculator — select S$ Singapore Dollar from the currency menu.
Calculate Mortgage →Frequently Asked Questions
What is the Total Debt Servicing Ratio (TDSR) in Singapore?
TDSR limits your total monthly debt repayments (including the mortgage) to 55% of your gross monthly income. This applies to all property loans in Singapore. For HDB loans the Mortgage Servicing Ratio (MSR) limits the mortgage to 30% of gross income.
HDB loan vs bank loan in Singapore: which is better?
HDB loans charge a fixed rate of 2.6% (pegged to CPF OA rate + 0.1%) and require 10% down payment. Bank loans are lower (around 3-4.5% currently) but require 25% down and carry rate risk. HDB loans have more flexibility on early repayment.
Can I use CPF for my mortgage in Singapore?
Yes. CPF Ordinary Account funds can be used for the down payment and monthly mortgage instalments for both HDB and private property. However CPF usage is subject to a Valuation Limit and Withdrawal Limit based on the property value.
What is ABSD (Additional Buyer Stamp Duty) in Singapore?
ABSD is payable on top of Buyer Stamp Duty. Singapore citizens pay 0% on first property, 20% on second, 30% on third. PRs pay 5% on first, 30% on second. Foreigners pay 60% on any residential property purchase.
What is the minimum down payment for a private property in Singapore?
For bank loans on private property the minimum down payment is 25% of the purchase price with 5% in cash and 20% in cash or CPF. For HDB flats with HDB loan the minimum is 10% with no cash component required.