What can I afford?
The two things that decide your budget are how much a bank may lend you and how much cash and CPF you can put down. This works out both, adds the stamp duties and fees, and shows what you would pay each month.
Your position
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Before CPF and tax, for everyone buying together.
A year's worth. Banks count 70% of it.
Car, personal and student loans, other mortgages, credit-card minimums.
Here and overseas. Sets your ABSD.
Still outstanding. Sets your LTV.
Up to 35 years.
Banks still test you at 4.0%, whatever rate you get.
What decides this
- Your savings are the limit. The down payment and stamp duties come to $350,000, which is what $200,000 cash plus $150,000 CPF can cover.
- The LTV limit caps the loan. A bank may lend at most 75% of the price (), and that bites before your income does. Your income alone would support $1,250,386.
- At 4.0%, the rate banks test you at, the repayment would be $4,988 a month. That uses 42% of your assessed income, against the 55% ceiling.
What you would need upfront
At a purchase price of $1,260,000.
CPF may cover the non-cash part of the down payment and, for a completed home, the stamp duties. On a new launch you usually pay stamp duty in cash first and reimburse yourself from CPF later. CPF use is also restricted when a lease will not last until the youngest buyer turns 95 — see CPF's guide.
Where these rules come from
- Stamp duty IRAS: Buyer's Stamp Duty · IRAS: Additional Buyer's Stamp Duty
- Loan limits MAS: Rules for new housing loans · MAS: medium-term interest rate floor (raised to 4% on 30 Sep 2022)
An estimate, not financial advice. Your own bank will assess your income, credit and the property itself, and may lend less than this. Rates and limits were last checked against the official sources on 2026-09-12. Banks, lawyers and IRAS have the final say — confirm before you commit.