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← Buying my first home

BUYING MY FIRST HOME

Explore your purchase budget

Check what you need upfront, what stays in your pocket, and how a higher interest rate changes your monthly commitment.

BEFORE YOU START / SUPPORTED SCENARIO

For Singapore citizens buying their first residential property: a completed private condo or apartment, using the standard bank-loan case. No HDB, EC, additional property, sale proceeds or bridging finance.

All buyers must fit this profile, with no outstanding housing loans. Lower loan limits may apply due to age, tenure or lender assessment. If you are unsure whether this case fits, use the official sources below before relying on the model.

01 / Property and loan
Your input

Assumes the valuation equals this price.

Your input

Enter an estimate or lender indication. V1 supports up to 75% of price; approval is not assessed.

Illustrative model default · editable

1–30 whole years. The standard case must not extend beyond age 65.

Illustrative model default · editable

Illustrative starting rate, not a current bank quote.

02 / Your funds and budget
Your input

Exclude emergency savings and other money you want to protect.

Your input

Enter only the amount you expect to be allowed to use. Enter 0 if none.

Your input

What you can sustainably allocate after living costs, debts, savings and other ownership costs. Future CPF funding is not assessed.

Illustrative model default · editable

Illustrative allowance: review legal, valuation, mortgage-related and other purchase fees. Excludes BSD, which we calculate separately.

Your entries stay in this page’s memory. They are not sent to us or saved; refreshing clears them. No account needed.

YOUR PURCHASE PICTURE

More than a
monthly payment.

See the cash you need, the CPF you use, and the room left in your monthly budget.

  1. Can you fund the purchase?
  2. What remains afterwards?
  3. What if interest rates rise?

Enter your numbers and check a scenario. No affordability score or loan approval is implied.

The assumptions behind your numbers.

This is a limited purchase-budget model, not loan approval or personalised financial advice. A result within your budget does not establish that buying is affordable for your household.

How the calculation works

Downpayment = price − loan. We reserve at least 5% of the price in cash, use your entered CPF towards the rest of the downpayment, and reserve cash for BSD and other fees. CPF-first is a modelling convention, not a recommendation.

Monthly payment uses a fully drawn amortising loan: L × r ÷ (1 − (1 + r)−n), where r is the monthly rate and n is the number of monthly payments. At zero interest it is L ÷ n. Payments round to cents; actual lender rounding may differ.

Stress scenarios apply +1 and +2 percentage points to the same starting loan and tenure. They are not rate forecasts, lender stress tests, or simulations of repricing part-way through a loan.

Official rules and sources · reviewed 2026-09-21

Official rule: residential BSD bands effective 2023-02-15: 1% on the first S$180,000, 2% on the next S$180,000, 3% on the next S$640,000, 4% on the next S$500,000, 5% on the next S$1.5m and 6% above that. Duty rounds down to a dollar, with a S$1 minimum.

Supported financing case: the standard 75% bank-loan limit with a 5% minimum cash downpayment. Lower loan limits and higher cash requirements can apply. We do not assess TDSR, MSR, income, debts, age or lender eligibility. The loan must not extend beyond age 65 for this standard case; joint-borrower assessment is lender-specific.

ABSD is modelled as zero only for the supported first-property Singapore-citizen buyer profile. All buyers must fit that profile. Other profiles and remission cases are not covered.

What could change the result?

Valuation: we assume it equals the purchase price. A lower bank valuation can increase the cash required; a higher taxable value can increase BSD.

CPF: the amount you enter is assumed usable. Your actual limit depends on the property, lease and personal circumstances. Unspent CPF is not freely available cash. We do not model future CPF contributions or monthly CPF withdrawals.

Timing and fees: this is a funding snapshot, not a payment schedule. CPF can pay some eligible duties and fees, subject to conditions and arrangements; reserving cash for them here may overstate cash needed. Deposits, reimbursement timing and bridging funds are not modelled.

Life beyond the mortgage: allow separately for maintenance, property tax, insurance, renovations, moving, other debts, living expenses and emergency savings. An unrealistic monthly budget or fee allowance can make the result misleading. Nothing here assesses loan approval or recommends a transaction.