Free Mortgage Repayment Calculator
Use our free housing loan repayment calculator and get an accurate estimate of your home loan monthly repayments including interest rates.
SUMMARY
Income Required
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Monthly Instalment
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Total of 0 payments $0
Total interest $0
Need help?Bonus Tool: Amortisation Schedule
Get a full breakdown of how much principal amount & interest rates you're paying from your monthly housing loan instalments, and how much total loan will remain after a certain number of years.
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How We Calculate Mortgage Payments with our Loan repayments Calculator
Our free home loan monthly payment calculator gives you an instant estimate of:
- Your monthly home loan instalment (based on loan size, tenure & interest rate)
- The minimum gross monthly income required to qualify for the loan (based on MAS guidelines like TDSR or MSR)
This calculator for housing loan repayment is a simplified tool designed to help you get quick estimates. Your actual eligibility, approved loan amount, and interest rate may vary depending on your individual profile, property type, and bank-specific criteria. To get a full loan assessment (including IPA), contact our experienced mortgage advisors.
Assumptions & Caveats of Our Singapore Mortgage Loan Monthly Payment Calculator
The interest rate set by default is 2.6%. Actual interest rates can vary based on promotional bank rates, and whether it is fixed or floating packages.
Loan tenure is capped by MAS rules: typically up to 25 years for HDB, 30 years for private property, 35 years for commercial property.
Loan-to-value (LTV) is assumed at 75% for first-time borrowers, but it can drop if you have existing loans or are older. You can typically borrow until you’re 65 years old. With our mortgage advisors, we can negotiate for you to borrow until 75 years old. This means if you are 48 years old, your loan tenure can be up to 27 years long.
For income required:
• Private property & commercial property → Total Debt Servicing Ratio (TDSR) capped at 55%
• HDB flats & Executive Condominiums (ECs) → Mortgage Servicing Ratio (MSR) capped at 30%
• We assume that you earn a fixed salaried income. For self-employed income such as director fees, there is a haircut of 30%. This means you need to earn 30% more to qualify for the same loan size.CPF usage is not factored directly in this loan home repayment calculator, but you can typically use CPF OA for downpayment and monthly instalments (subject to limits).
Frequently Asked Questions (FAQ) on monthly mortgage loan payments calculator
Have questions about how your mortgage repayments and income eligibility are calculated in Singapore?
This FAQ section helps you understand CPF usage, loan-to-value (LTV) limits, monthly income requirements, early repayment penalties, and how to optimize your mortgage planning.
Explore key answers below to make the most of our monthly home loan payment calculator and take your next property step with confidence.
Can I use CPF to repay my monthly housing loan, and how do I check with a mortgage home loan calculator?
Yes! You can use your CPF Ordinary Account (OA) to pay for the downpayment and monthly instalments for HDB flats and private residential properties. However, CPF cannot be used for commercial property loans.
💡 To plan better, use a home mortgage repayment calculator or monthly loan repayment calculator to estimate your future CPF usage, instalment amount, and overall monthly cash flow. These tools — such as a mortgage repayment calculator Singapore — help you visualise the actual impact CPF will have on your housing budget.
⚠️ Important: CPF withdrawal limits apply. You’ll also need to reserve your Basic Retirement Sum before tapping into CPF beyond the set cap.
How does my property type affect loan options, and will a mortgage and loan calculator reflect the difference in rates?
Different property types come with different rules that affect your loan structure — and the results shown in tools like a loan repayment calculator home or a mortgage calculator.
HDB Flats & Executive Condominiums (ECs) → Subject to Mortgage Servicing Ratio (MSR) cap of 30% of income, and also TDSR (Total Debt Servicing Ratio) capped at 55%.
Private Properties → MSR does not apply, but TDSR still limits your debt obligations to 55% of gross income. You can use a mortgage loan calculator Singapore to estimate your eligible loan quantum and monthly instalments.
Commercial Properties → Loan terms depend on whether you’re buying under your personal name or via a company structure, with more flexibility but stricter risk profiling.
💡 Tip: Because rate structures and repayment rules vary, always use a tailored mortgage calculator that aligns with your property type and loan goal.
How much income do I need to qualify for a housing loan, and how can I use a payment estimator mortgage to plan ahead?
Different property types come with different rules as explained above.
The Mortgage Servicing Ratio (MSR) dictates that your monthly instalment for your home loan must not exceed 30% of your fixed monthly income.
The Total Debt Servicing Ratio (TDSR) limits your total debt obligations (including car loans, credit cards, and housing loans) to a maximum of 55% of your fixed monthly income.
💡 To estimate how much income you need, you can try a loan installment calculator or bank home loan calculator. These tools help project your monthly commitments based on loan size, interest rate, and tenure — so you can plan your budget confidently.
For best results, speak with our mortgage experts to get a clear picture of your eligibility and next steps.
How does loan tenure affect my monthly repayment, and can a home loan calculator help estimate it?
A longer loan tenure reduces your monthly instalment, which helps you qualify for a bigger-sized loan amount.
Example:
$500,000 loan at 2.6% over 20 years → ~$2,700/month
Same loan over 30 years → ~$2,000/month
However, a longer tenure increases total interest paid over time.
Shorter tenure = faster payoff, less total interest — but harder to qualify due to higher monthly repayment.
Longer tenure = lower monthly commitment — easier to qualify, but more interest paid in total.
💡 You can use a monthly repayment loan calculator, interest on housing loan calculator, or loan repayment calculator mortgage to visualise the differences in monthly instalments and total cost over various tenures.
These tools make it easier to compare options before choosing a refinancing package.
How does age affect loan eligibility, and can a home loan calculator repayment tool adjust for shorter tenures?
In Singapore, loan tenure is restricted such that your age plus loan tenure must not exceed:
65 years for HDB loans
75 years for private property mortgages
This means older borrowers often face:
Shorter repayment terms
Lower maximum loan amounts (LTV)
Higher monthly instalments or larger downpayments
To plan ahead, use a home loan calculator interest rate, housing loan rate calculator, or loan mortgage calculator to check how different loan tenures impact your repayments based on age.
Our mortgage advisors can also help you explore strategies to qualify for longer terms — or structure your refinance to suit retirement planning.
What is the loan-to-value (LTV) limit, and can a repayment mortgage calculator estimate how much I can borrow?
LTV determines how much you can borrow relative to the property value.
For example, if you’re buying a $1,000,000 property, an LTV of 75% means that you can loan up to a maximum of $750,000. This means that your downpayment (cash + CPF) will be $250,000.
Here is a brief breakdown of LTV for residential properties:
First housing loan → up to 75% LTV
Second housing loan → up to 45% LTV
Third and beyond → up to 35%
For commercial properties, LTV usually ranges 60–70%, depending on the bank.
To estimate how much you can borrow and what your monthly payments might be, try using a loan amount calculator or a house loan calculator Singapore. These tools help you align your property budget with your affordability.
What if I already have an existing home loan?
Your LTV (Loan-to-Value) limit typically drops to 45% or 35% when you’re purchasing a second or third property.
Banks will also assess your borrowing power using the Total Debt Servicing Ratio (TDSR). Without sufficient income, it may be more difficult to qualify for the full loan amount.
To estimate your updated borrowing limits and repayments, you can use a house loan repayment calculator or a loan repayment calculator Singapore. These tools help you understand how existing loans affect your mortgage eligibility and monthly repayments.
Our advisors can help you structure your home ownership and financing strategy to qualify for better loan terms — especially when holding multiple properties.
What if I already have an existing home loan, and how can a monthly payment calculator mortgage help me plan a refinance?
If you’re past the lock-in period of your current mortgage, refinancing to a shorter term can help you pay off your loan faster — though your monthly instalments may increase.
Using a loan mortgage calculator or mortgage loan payoff calculator can help you evaluate whether the monthly savings outweigh any refinancing costs. These tools are especially helpful in estimating the new monthly repayments and break-even point when switching packages.
It’s best to consult a mortgage advisor to calculate your total cost savings and ensure your refinance plan aligns with your long-term goals.
Can I refinance my HDB loan to a bank loan, and calculate interest home loan savings with a refinance estimator?
Yes — switching from HDB’s 2.6% concessionary rate to a bank loan can lower your mortgage interest and monthly instalments.
You can use a home loan calculator with interest or a mortgage rate calculator to estimate how much you’ll save by refinancing. These tools help project interest cost savings over the remaining loan tenure.
✅ Note: Check CPF refund obligations, and ensure your loan balance and remaining tenure meet bank refinancing requirements.
What’s the minimum loan amount for refinancing, and can I use a repay home loan calculator to assess monthly savings?
Many banks in Singapore set a minimum refinance loan amount of around $300,000. Smaller loans may not be eligible for refinancing or may not qualify for legal subsidies.
To plan ahead, use a home loan repayment calculator or monthly payment mortgage calculator to estimate your monthly instalments and potential cost savings.
These tools help you compare packages more accurately and assess whether refinancing will be worthwhile based on your current balance.
Check Out Our Other Free Housing Loan Tools
Disclaimer:
The results generated by this calculator rely on the accuracy of the information you provide and are based on applicable guidelines from regulatory bodies such as the Monetary Authority of Singapore (MAS) and the Inland Revenue Authority of Singapore (IRAS). Any individual acting on or depending upon this information does so entirely at their own discretion and risk. Ace Mortgage makes no guarantees and accepts no responsibility for any loss, damage, or consequences arising directly or indirectly from the use of this information. While we strive to keep the details provided here as accurate and up to date as possible, this tool is intended for general reference only. We strongly recommend consulting a qualified financial advisor before making any mortgage or investment decisions to ensure they align with your personal needs and objectives.