PropertyKanguru Toolkit
Your HDB flat
Your next home
Banks don't judge your loan at the rate you will actually pay. MAS requires them to check you could still afford the instalment if interest rose to at least 4% a year, or the bank's own package rate if that is higher. At that rate, all your monthly debts must stay within 55% of your income (TDSR). For HDB flats and new ECs, the home loan alone must also stay within 30% (MSR). This is why your loan limit can be lower than expected when rates are low. Your actual monthly payment is shown separately, using the rate you really pay.
The exact figure is at my.cpf.gov.sg under Home Ownership. This rough guide assumes you used CPF evenly over the years, with 2.5% a year accrued interest.
Splits to compare (main owner : smaller owner)
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