Property Affordability Calculator | Estimate Your Loan Today

Welcome to the Affordability Calculator page by PropertyNet.SG! This calculator helps you determine the maximum property value you can afford, based on your income, debts, loan tenure, and property type. For detailed information about the terms used in this calculator and how it works, please refer to the Additional Information to Understand Your Calculation section below.

Additional Information to Understand Your Calculation

1. Property Type Selection
   • New EC or EC (not fulfilled MOP): If you are purchasing a brand-new Executive Condominium (EC) or an EC that has not yet fulfilled its Minimum Occupation Period (MOP), please select “New EC”.
   • MOP-ed EC: If you buy an EC that has already fulfilled the MOP, please select “MOP-ed EC”.
2. Medium-Term Interest Rate for Loan Assessment
   • The interest rate used for loan assessment is called the medium-term interest rate. The Monetary Authority of Singapore (MAS) explains how the Total Debt Servicing Ratio (TDSR) is calculated. For more information, refer to the MAS TDSR explainer.
3. Income-Weighted Average Age (IWAA)
   • The Income-Weighted Average Age (IWAA) calculates your maximum loan tenure. It is derived by considering buyers’ ages and their respective monthly incomes. The formula used is:“Income-Weighted Average Age = (Buyer 1’s Age × Buyer 1’s Monthly Income + Buyer 2’s Age × Buyer 2’s Monthly Income) / (Buyer 1’s Monthly Income + Buyer 2’s Monthly Income)”.
4. Loan Tenure and Assumptions
   • For this calculator, the loan tenure is capped at a maximum of 30 years or until the borrower reaches 65, whichever is shorter. We also assume that you do not have any existing loans, and the calculation is based on a 75% Loan-to-Value (LTV) ratio.
5. Annual Variable Bonus
   • You can include your annual variable bonus in the calculation, but a 30% “haircut” will be applied to the bonus amount to be conservative. Please note that this calculator does not consider pledged or unpledged assets to boost your loan amount. For more personalised financial planning and advice regarding what can be considered assets, please feel free to contact us.
6. Other Debt Obligations
   • Include all other debt obligations, such as car loans, credit card balances, or any other financial obligations you may have under “Other Monthly Debt Obligations”. Including all your debts will give a more accurate assessment of your affordability.
7. Adjusting Loan Tenure
   • By default, the loan tenure is calculated as 65 years – IWAA, capped at a maximum of 30 years. However, you can adjust the tenure to a shorter term that suits your financial planning better.

Start Your Calculation

Use the affordability calculator below to estimate the maximum property value you can afford. Remember, this is only an estimate and should be used as a guide to help you understand your financial position.