1. What is a Singapore Property Mortgage Calculator?

Definition: This calculator computes monthly mortgage payments for Singapore property loans based on principal amount, interest rate, and loan term.

Purpose: It helps homebuyers and investors estimate their monthly housing loan repayments in Singapore dollars (SGD).

2. How Does the Calculator Work?

The calculator uses the standard mortgage formula:

Where:

• \( M \) — Monthly payment (SGD)
• \( P \) — Loan principal amount (SGD)
• \( r \) — Monthly interest rate (annual rate ÷ 12)
• \( n \) — Total number of payments (loan term in years × 12)

Explanation: The formula calculates the fixed monthly payment required to fully amortize the loan over its term.

3. Importance of Mortgage Calculation

Details: Accurate mortgage calculations help borrowers understand their financial commitments, compare loan options, and plan their budgets effectively.

4. Using the Calculator

Tips: Enter the loan amount in SGD, annual interest rate (typical Singapore rates range from 1.5% to 3.5%), and loan term (usually 20-30 years in Singapore).

5. Frequently Asked Questions (FAQ)

Q1: What's the typical mortgage term in Singapore?
A: Most HDB and private property loans have terms of 20-30 years, with maximum terms typically up to age 65 or 75.

Q2: How does TDSR affect my mortgage in Singapore?
A: Singapore's Total Debt Servicing Ratio (TDSR) limits your monthly debt repayments to 55% of your gross monthly income.

Q3: What's the difference between fixed and floating rates?
A: Fixed rates stay constant for a period (1-5 years), while floating rates change with market conditions (typically SORA-based).

Q4: Are there additional costs beyond the monthly payment?
A: Yes, consider property taxes, insurance, maintenance fees, and possible stamp duties in your budget.

Q5: How does the MSR affect HDB flat buyers?
A: The Mortgage Servicing Ratio (MSR) caps HDB loan repayments at 30% of a borrower's gross monthly income.