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What HDB flat can I afford?

Three things set the budget for a resale flat: how much a lender will advance, how much cash and CPF you have, and the grants a first-timer household can claim. This works out all three, and shows the same sums on the other kind of loan so you can compare.

Buying private instead? The private affordability calculator covers ABSD and the wider loan limits.

Your household

Everything here stays in your browser.

$

Before CPF and tax, everyone buying together.

$

Lenders count 70% of it.

$

Car, personal and student loans, credit-card minimums.

$
$
Loan from

Pegged at 3% and needs no cash down payment, but has a $14,000 income ceiling.

Grants

Grants go into CPF and towards the price, so they cut the loan rather than the cash you need on the day.

Has anyone in the household had a housing subsidy before?
Buying as
Flat size

The family grant is $80,000 up to a 4-room flat and $50,000 above it.

Living near family?
Flat price you could reach
$711K
$711,000 exactly
Loan
$463K
75% of the price, at 3%
Monthly repayment
$2,100
over 25 years
Grants
$115K
paid into CPF

Upfront

What you would need to have ready on completion day, after the grants.

Down payment25% of the price$248,108
…which CPF may cover$248,108
$15,930
Mortgage duty0.4% of the loan, capped at $500$500
Conveyancing and valuationConveyancing (HDB or a solicitor)$1,620–$3,200
Less the grantspaid into your CPF−$115,000
Total to find$151,158–$152,738

Grants in detail

What a first-timer household can claim on a resale flat.

Enhanced CPF Housing GrantTapers with income. An estimate of HDB's table, not a quote.$35,000
Family grant$80,000
Total$115,000

The exact Enhanced CPF Housing Grant comes from a published table of $500 income bands. Check HDB: CPF housing grants for resale flats for your figure.

What is holding you back

Why the figure stops where it does.

Your income is the binding limit. The keeps the repayment inside 30% of income, which supports a loan of about $463K. Earning more, or a longer tenure, raises it; saving more does not.

MSR 30% of 30%

If you borrowed from a bank instead

The same household, on the other kind of loan.

Flat price you could reach$648K
Monthly repaymentat 4%$1,992
Cash needed on the day$151,310–$152,890

You can refinance from an HDB loan to a bank later, but never back again, so the first choice is the one that matters. The guide walks through both.

Show flats at or under $711K →

An estimate, not financial advice. Grant amounts, the HDB loan rate and the income ceilings change with each Budget, and the Enhanced CPF Housing Grant here is an estimate of a published table. 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.