Home Loan Calculator Singapore

Buying a property in Singapore is one of the most significant financial decisions you'll make. Whether you're purchasing an HDB flat or a private property, understanding your home loan payments is crucial. Our home loan calculator Singapore helps you estimate monthly payments, total interest costs, and affordability based on your income. Compare rates from major banks like DBS, OCBC, UOB, and other lenders to ensure you're getting the best deal for your property purchase.

What is a Home Loan Calculator Singapore?

A home loan calculator Singapore is an essential financial tool that computes your monthly mortgage payment based on key parameters: home price, down payment, interest rate, and loan term. It provides a comprehensive breakdown of how much you'll pay each month, including principal, interest, property taxes, insurance, and other associated costs. Whether you're comparing rates from DBS, researching options from OCBC, or evaluating offers from UOB, a home loan calculator gives you the clarity you need to make informed decisions about your property purchase in Singapore.

HDB Loan Calculator Singapore

HDB (Housing & Development Board) loans are specifically designed for Singapore citizens and permanent residents purchasing HDB flats. Our calculator supports HDB loan calculations with specific requirements: minimum 10% down payment and maximum loan term of 30 years. HDB loans typically offer more favorable terms for eligible buyers, including lower down payment requirements and competitive interest rates. The calculator helps you understand your monthly obligations for HDB flats, including fire insurance which is mandatory for HDB loans.

When using our housing loan calculator Singapore HDB feature, you can calculate your monthly payments, total interest over the loan term, and see how different loan terms affect your monthly obligations. This is particularly useful for first-time homebuyers who may qualify for HDB grants and subsidies, which can significantly reduce your upfront costs.

Private Property Loan Calculator

For private properties in Singapore, including condominiums, landed properties, and executive condominiums, our calculator supports private loan calculations with minimum 20% down payment and maximum loan term of 35 years. Private property loans typically have different interest rate structures and may offer more flexibility in terms of loan features like offset accounts or flexible repayment options.

Our home mortgage calculator Singapore helps you compare different loan scenarios for private properties, including how different interest rates from various banks affect your monthly payments and total interest costs. This is essential for making informed decisions when purchasing private property, where loan amounts are typically higher and interest rate differences can result in significant savings or costs over the loan term.

Home Loan Interest Rate Singapore 2025

Singapore home loan interest rates in 2025 are influenced by various factors including the Singapore Overnight Rate Average (SORA), bank funding costs, and market conditions. Our calculator includes reference rates from major Singapore banks including DBS, OCBC, and UOB, allowing you to compare how different banks' rates affect your monthly payments and total interest costs.

Current home loan rates Singapore typically range from 3.25% to 3.50% for fixed-rate packages and may vary for floating-rate packages tied to SORA. Our home loan interest rate Singapore comparison feature helps you understand how even small differences in interest rates can significantly impact your total loan cost over 25-30 years. When comparing home loan rates Singapore, consider not just the interest rate but also other factors like lock-in periods, prepayment penalties, and loan features.

Bank Comparison: DBS, OCBC, UOB

Our calculator allows you to compare home loan rates from Singapore's three major banks: DBS, OCBC, and UOB. Each bank offers different loan packages with varying interest rates, features, and terms. DBS home loan calculator Singapore rates are typically competitive, with various packages including fixed-rate and floating-rate options. OCBC home loan calculator Singapore offers flexible repayment options and may provide better rates for certain property types or loan amounts.

UOB home loan interest rate Singapore packages often include features like flexible repayment options and may offer promotional rates for new customers. Our comparison tool helps you see side-by-side how each bank's rates affect your monthly payments and total interest costs, making it easier to choose the best loan package for your needs.

Home Loan Calculator Singapore Based on Income

Our affordability calculator helps you determine how much home you can afford based on your annual income and existing monthly debt obligations. Singapore banks typically use a Total Debt Servicing Ratio (TDSR) framework, which limits your total monthly debt payments (including the new mortgage) to 55% of your gross monthly income for property loans.

The calculator automatically calculates your maximum loan amount and recommended home price based on your income, helping you set realistic expectations and avoid overextending yourself financially. This is particularly important in Singapore's property market, where prices are high and understanding your borrowing capacity is crucial before starting your property search.

Monthly Payment Calculation

Our housing loan calculator Singapore monthly feature provides detailed monthly payment breakdowns, showing exactly how much goes toward principal, interest, property tax, home insurance, and fire insurance (for HDB loans). This helps you budget accurately and understand how your payments are allocated over the loan term.

The calculator generates a complete payment schedule showing every monthly payment throughout the loan term, allowing you to see how your principal balance decreases and how interest payments change over time. You can export this schedule to CSV for further analysis or record-keeping, making it easy to track your loan progress and plan your finances.

PropertyGuru and Home Loan Planning

When searching for properties on PropertyGuru, our home loan calculator Singapore PropertyGuru integration helps you quickly estimate your monthly payments for properties you're interested in. Simply enter the property price from PropertyGuru listings, and our calculator will show you your estimated monthly payments, helping you determine if a property fits within your budget before scheduling viewings.

This integration makes it easier to compare different properties on PropertyGuru by understanding the financial implications of each purchase. Whether you're looking at HDB flats or private condominiums, our calculator helps you make informed decisions about which properties you can afford and which loan terms work best for your financial situation.

Key Considerations for Singapore Home Loans

• Down Payment: HDB loans require minimum 10% down payment, while private loans require 20%. Additional Buyer's Stamp Duty (ABSD) may apply for certain buyers.
• Loan Tenure: Maximum 30 years for HDB loans and 35 years for private loans, subject to age limits (typically up to age 65).
• Interest Rates: Consider both fixed-rate and floating-rate packages. Fixed rates provide certainty but may be higher, while floating rates may offer lower initial rates but with rate fluctuation risk.
• Total Debt Servicing Ratio: Banks will assess your TDSR, which should not exceed 55% of your gross monthly income.
• Additional Costs: Factor in property tax, home insurance, fire insurance (for HDB), legal fees, and stamp duties when calculating total property costs.

Conclusion

Our home loan calculator Singapore is a comprehensive tool designed specifically for Singapore's property market. Whether you're purchasing an HDB flat or private property, comparing rates from DBS, OCBC, UOB, or other banks, or planning your property purchase based on your income, our calculator provides the insights you need to make informed financial decisions. Use it alongside PropertyGuru listings to quickly assess affordability, compare different loan scenarios, and plan your property purchase with confidence.