Calculator
What can you afford next?
A few questions about the home you're selling, who's buying and your savings. You'll get a report with your sale proceeds, loan limit, stamp duty, the cash and CPF you'll need, and your monthly instalments.
Estimates only, for planning. Bank, HDB and CPF assessments decide the final figures. Rates used: buyer's stamp duty and ABSD as published by IRAS, TDSR 55% and MSR 30% at a 4% test rate (MAS), 75% loan, and 1.5% a year for instalments.
How much can you borrow? The rules behind the calculator
What you can afford comes down to three things: how much the bank will lend you (the loan-to-value limit), how much of your income can go to loan repayments (TDSR and MSR), and how much cash and CPF you have for the rest.
Loan limits (loan-to-value)
| Your situation | Maximum bank loan | Minimum cash down payment |
|---|---|---|
| No other housing loan | 75% | 5% |
| No other housing loan, but the tenure is over 30 years or runs past age 65 | 55% | 10% |
| One other housing loan | 45% | 25% |
| Two or more other housing loans | 35% | 25% |
The rest of the down payment (for a 75% loan, the other 20%) can come from cash or your CPF Ordinary Account.
TDSR and MSR
- Total Debt Servicing Ratio (TDSR): all your monthly debt repayments, including the new home loan, car loans, personal loans and credit cards, can't exceed 55% of your gross monthly income.
- Mortgage Servicing Ratio (MSR): for an HDB flat, or an EC bought from a developer, your home loan repayments can't exceed 30% of your gross monthly income.
- Banks work these out at a test interest rate (4% for private property loans), not the rate you'll actually pay, so there's a buffer if rates rise.
Example: a household earning $12,000 a month with no other debts can put up to $6,600 a month (55%) towards a private property loan. At the 4% test rate over 30 years, that's a loan of about $1.38 million. For an EC, the 30% MSR limits repayments to $3,600 a month, a loan of about $754,000. Age, tenure and other debts can lower these figures.
Questions people ask me
How much can I borrow with TDSR?
Your monthly repayments on all debts can't exceed 55% of your gross monthly income, worked out at a 4% test rate. For example, $12,000 a month with no other debts supports a private property loan of about $1.38 million over 30 years.
What's the difference between TDSR and MSR?
TDSR (55%) counts all your debts and applies to every property loan. MSR (30%) counts only home loans and applies to HDB flats and to ECs bought from developers.
How much cash do I need for a down payment?
With a 75% bank loan, at least 5% of the price in cash, plus another 20% in cash or CPF. You'll also need buyer's stamp duty, ABSD if it applies, and legal fees.
Can I use my HDB sale proceeds for my next home?
Yes. The cash from your sale, and the CPF refunded to your Ordinary Account, can both go towards the next home. My sale proceeds calculator shows how much of each you'll get.
Should I sell my HDB flat before buying a condo?
It depends on your cash, your timeline and ABSD. Buying first means paying ABSD up front (refundable for married couples who sell within 6 months); selling first avoids that but may mean renting in between. The HDB sale timeline planner lays out both.
Loan limits and TDSR/MSR from MAS, checked 4 October 2026. This is general information; your bank's assessment decides your actual loan.