Property Affordability Calculator

Determining your property budget in Singapore involves understanding the interplay between your income, existing debts, available savings, and regulatory limits. The Total Debt Servicing Ratio (TDSR) framework is the primary constraint — your total monthly debt obligations (including the new mortgage) cannot exceed 55% of your gross monthly income. This means a household earning $12,000 per month can have maximum total debt repayments of $6,600, including car loans, personal loans, and the new housing loan.

Beyond TDSR, your available cash and CPF determine your down payment capacity. For a 75% LTV loan, you need 25% down payment — at least 5% in cash with the remaining 20% from cash or CPF. A household with $100,000 in cash and $200,000 in CPF OA could theoretically fund the down payment for a property worth up to $1.2 million, subject to TDSR qualification for the loan component.

Your total acquisition budget should account for costs beyond the purchase price. Buyer's Stamp Duty adds 3-5% depending on the price bracket. Legal and conveyancing fees typically run $2,500-$4,000. Renovation costs for a new launch condo range from $30,000-$80,000 depending on the scope. Moving costs, initial furnishing, and a financial buffer for the first few months of mortgage payments should also be factored in.

Our affordability calculator provides a maximum property price based on your income and debt profile, but we recommend budgeting 10-15% below your maximum to maintain financial comfort. This buffer protects against interest rate increases, unexpected expenses, and ensures your property purchase enhances rather than strains your lifestyle.