Home Loan Affordability Calculator Singapore 2026
Maximum Property Budget — TDSR & MSR Limits, Down Payment, BSD & Funds Check
Find out how much property you can afford in Singapore based on your income, existing debts, and available funds. This calculator derives your maximum property price from the MAS TDSR (55%) and MSR (30% for HDB/EC) frameworks, then checks whether your CPF OA and cash savings cover the required down payment, BSD stamp duty, and legal fees. Includes the 4% stress-test for variable-rate loans, HDB vs private property budget comparison, and a complete total acquisition cost breakdown.
Combined fixed gross salary for all borrowers before CPF and tax deductions.
Monthly average. MAS counts only 70% (30% haircut).
Minimum 25% (HDB loan), 25% for bank loans (5% cash + 20% cash/CPF). Higher DP = lower loan = more affordable but more cash needed.
Total balance. 3.5% deemed as monthly obligation.
Enter your CPF OA balance (usable for property) and cash savings. The calculator checks if your total funds cover the down payment + BSD + legal fees for the maximum property price derived from your income.
Enter your income, debts, and funds to see the maximum property price you can afford based on TDSR and MSR limits, plus a full acquisition cost breakdown with funds check.
Home Loan Affordability Singapore 2026 — How Much Property Can You Afford Based on TDSR, MSR & Down Payment
The question every Singapore property buyer asks: “How much can I afford?” The answer is determined by three constraints working simultaneously: (1) TDSR (55%) — your total monthly debts (including the new mortgage) cannot exceed 55% of gross income; (2) MSR (30%) — for HDB and EC, the mortgage instalment alone cannot exceed 30% of gross income; (3) Down payment + stamp duty — you must have sufficient CPF and/or cash to cover the upfront costs. Your maximum affordable property price is the lowest figure derived from all three constraints. This calculator does the reverse engineering: instead of entering a property price and checking if you qualify, it starts from your income and tells you the maximum price you can consider.
Maximum Affordable Property by Income Level (2026 Rates)
| Gross Income | Max HDB (MSR 30%) | Max Private (TDSR 55%) | Gap |
|---|---|---|---|
| S$6,000 | S$541,000 | S$992,000 | +S$451,000 |
| S$8,000 | S$721,000 | S$1,323,000 | +S$602,000 |
| S$10,000 | S$902,000 | S$1,653,000 | +S$751,000 |
| S$14,000 | S$1,263,000 | S$2,314,000 | +S$1,051,000 |
Based on 2.6% HDB rate / 4% stress for private, 25yr tenure, 25% DP, no other debts. Actual amounts vary with rate, tenure, existing debts, and down payment.
How This Affordability Calculator Works — Income to Maximum Budget in 3 Steps
Step 1 — Income and Debt Assessment
Enter your gross income (fixed + 70% of variable), property type, loan type, rate, and tenure. Add all existing monthly debts. The calculator computes your TDSR ceiling (55% of effective income minus existing debts) and MSR ceiling (30% for HDB/EC), then derives the maximum monthly instalment you can support.
Step 2 — Maximum Loan and Property Price
The calculator back-calculates the maximum loan from the allowed instalment at the assessed rate (stress-tested at 4% for variable loans). Dividing by the LTV ratio (1 minus DP%) gives the maximum property price. For HDB/EC buyers, the tighter of MSR and TDSR determines the binding constraint.
Step 3 — Total Acquisition Cost and Funds Check
The calculator computes the full upfront cost: down payment + BSD (stamp duty) + estimated legal fees. It then checks your CPF OA balance and cash savings against this total to confirm whether your funds are sufficient. If there is a shortfall, you would need to reduce the target price, increase savings, or adjust the down payment.
3 Real Singapore Affordability Examples — First-Timer HDB, EC Couple & Private Property Single Buyer
HDB First-Timer, S$6K Income
EC Couple, S$14K Income
Private, S$10K + S$1.5K Car
3 Expert Affordability Tips — Stretch Budget Safely, Down Payment Strategy & the Hidden Costs
Clear Debts Before Applying to Maximise Your Property Budget
Every S$1,000/month in existing debts reduces your maximum property budget by approximately S$190,000 (at 4% stress rate over 25 years). A S$2,000/month car loan effectively removes S$380,000 from your property budget. If you are planning a property purchase within the next 12–24 months, the single most impactful step is to pay off or pay down existing loans (car loan, personal loan, renovation loan) and clear credit card balances before the loan application. This increases your TDSR headroom and directly translates into a higher maximum loan and property price. Many Singapore buyers time their car loan payoff to coincide with their property purchase timeline.
The Down Payment Paradox: More DP = Cheaper Property Budget but Larger Cash Outlay
Increasing your down payment percentage reduces the loan amount needed (helping you pass TDSR/MSR) but requires more upfront cash/CPF. At 25% DP, a S$800,000 HDB needs S$200,000 upfront. At 30% DP, the same HDB needs S$240,000 upfront but the loan drops from S$600,000 to S$560,000 — reducing the monthly instalment by about S$180/month. For buyers who have substantial CPF OA savings but constrained income, a larger down payment is the strategy: it reduces the instalment and improves MSR/TDSR, allowing you to afford the property you want. For buyers with strong income but limited savings, a minimum down payment maximises the property you can buy but requires sufficient funds for the upfront costs. This calculator lets you test different DP scenarios to find your sweet spot.
Budget Beyond the Price: BSD, Legal Fees, Renovation & Moving Costs
The property price is not the total cost. You must also budget for: BSD (1%–5% on purchase price, e.g., S$9,600 on a S$500,000 HDB); legal fees (S$2,500–S$4,000 for HDB, S$3,000–S$5,000 for private); valuation fee (S$300–S$500); renovation (S$20,000–S$80,000+ depending on scope); furniture and appliances (S$5,000–S$30,000); and moving costs (S$500–S$2,000). For a S$600,000 HDB: DP S$150,000 + BSD S$9,600 + legal S$3,000 + reno S$40,000 + furniture S$15,000 = total S$217,600 in upfront and near-term costs. This calculator includes DP + BSD + legal in the funds check, but always budget separately for renovation and furniture — these cannot come from the property loan.
