Singapore 💰 SGD Last updated2026-05-28

Home loan Calculator Singapore

⚡

Quick answer (Singapore)

A S$1,200,000 private home loan at 3.5% over a 25-year term works out to a monthly payment of about $6,007, with total interest of $602,245 over the full term.

🏠

Mortgage Calculator

SGD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$8,007

PITI

Principal + Interest

$6,007

33% goes to interest

Total Interest

$602,245

over 25 years

Monthly Breakdown

Principal & Interest$6,007

Property Tax (1.1%/yr)$1,375

Homeowner's Insurance (0.5%/yr)$625

Total Monthly$8,007

Principal vs Interest Split

67% principal

33% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Home loans in Singapore

Typical loan

$1,200,000

in Singapore

Typical rate

3.5% p.a.

prime borrower, 2026

Typical term

25 years

most common

Market overview

Singapore home loans split into HDB (subsidized public housing) and private property. Private mortgage rates are typically pegged to SORA (Singapore Overnight Rate Average) or fixed for 1-5 years. Major lenders include DBS, OCBC, UOB, and Standard Chartered. Post-2024 SORA decline brought rates to 3.0-3.8% for 2-year fixed.

Why 3.5% is the typical rate

3.5% is typical for a 2-year fixed private property loan at 75% LTV. HDB-eligible loans (with HFE certificate) get rates ~0.5% lower; SORA-floating may be slightly lower with rate risk.

Tax & regulatory notes

No mortgage interest deduction for primary residences. Total Debt Servicing Ratio (TDSR) caps debt at 55% of monthly income. Loan-to-Value (LTV) capped at 75% on first private property, lower on second/third. Additional Buyer's Stamp Duty (ABSD) applies to foreigners and 2nd+ properties.

🧮 Worked example

A S$1,200,000 private home loan at 3.5% over a 25-year term

Loan amount

$1,200,000

Annual interest rate

3.5%

Term

25 years (300 months)

Monthly payment

$6,007

Total interest paid

$602,245

Total paid (principal + interest)

$1,802,245

❓ FAQ (Singapore)

Common questions in Singapore.

HDB loan vs bank loan in Singapore — which is better?

HDB loans (for HDB flats only) have a fixed concessionary rate (2.6% as of 2026) and require 25% downpayment via CPF/cash. Bank loans (private + HDB) can be cheaper short-term but variable. Use HDB if you value rate stability; bank if rates are clearly trending lower.

What is TDSR and how does it affect my loan?

Total Debt Servicing Ratio caps your total monthly debt obligations (mortgage + credit cards + car loan + etc.) at 55% of gross monthly income. Banks stress-test at 4% (per MAS rules) when calculating affordability — meaning your real borrowing capacity is lower than headline rate suggests.

Can I use CPF to pay my Singapore mortgage?

Yes — Ordinary Account (OA) funds can pay the downpayment and monthly installments, subject to withdrawal limits. CPF use accrues 2.5% interest forfeit (you pay it back into CPF with interest if you sell). Most Singaporeans optimize a CPF + cash split.

🌍 Other countries