How to Use Homejourney Mortgage Calculator: 2026 Guide

The Homejourney Mortgage Calculator is a free, Singpass-powered tool that instantly calculates your borrowing capacity, monthly instalments, and TDSR/MSR compliance for Singapore property purchases—all in under 5 minutes.[1][2][3]

This cluster article provides tactical, step-by-step instructions on how to use Homejourney Mortgage Calculator, linking back to our pillar content on the Singapore Home Loans Complete Guide. Homejourney prioritizes user safety with transparent tools that verify regulatory compliance before you explore properties via Property Search or the Projects directory.[2][3]

Why Use Homejourney Mortgage Calculator for Singapore Buyers?

Singapore's strict MAS rules like TDSR (Total Debt Servicing Ratio at 55% of gross income) and MSR (Mortgage Servicing Ratio at 30% for HDB) demand precise calculations.[1][2][5] The Homejourney tool acts as your TDSR calculator, MSR calculator, and borrowing capacity estimator, auto-applying LTV limits (up to 90% for first-time HDB buyers) and age-based tenure caps (loan not exceeding age 65 or 30 years).[3][4]

Unlike manual spreadsheets, it pulls live data from Homejourney partner banks: DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong Bank, and Citibank.[2][3] For instance, a first-time buyer earning S$8,000/month can check if a S$600,000 Bedok resale HDB fits, factoring CPF Ordinary Account balance and existing debts like car loans.[2][3]

Homejourney's Singpass (MyInfo) integration securely auto-fills income, employment, CPF details, and debts, minimizing errors and ensuring a trusted, fast process.[1][4][6]

Step-by-Step: How to Use Homejourney Mortgage Calculator

Access the calculator at https://www.homejourney.sg/bank-rates#calculator. Follow these actionable steps for accurate results tailored to Singapore's 2026 market.[1][4]

Navigate to Bank Rates Page: Visit https://www.homejourney.sg/bank-rates and scroll to the calculator section for instant TDSR/MSR pre-checks.[1][4]
Log in with Singpass: Click 'Login with Singpass' for auto-fill of income, CPF, age, and debts. This verifies data securely, reducing rejection risks.[1][6]
Select Calculation Type: Choose from maximum loan, affordability, monthly instalment, or refinancing. First-timers pick 'maximum loan' to see borrowing power.[1][2][9]
Enter Property Details: Input price (e.g., S$520,000 Sengkang 4-room resale), property type (HDB/private), downpayment (5-25% cash/CPF), and tenure (up to 30 years).[6][9]
Select Interest Rate Scenario: Pick 3M/6M SORA floating, fixed packages, or specific bank rates. The tool uses live rates for projections.[1][7]
Calculate and Review: Get instant breakdown: max loan, EMI (e.g., S$800K at 2.7% over 25 years = ~S$3,800/month), total interest (~S$340K), CPF/cash split, and MAS stress tests up to 4% hikes.[2][7]
Apply Multi-Bank with One Click: Use one click loan application to submit to all partners via Singpass. Track offers side-by-side—no branch visits needed.[1][3]

Pro tip: For HDB upgraders in Punggol, test Enhanced CPF Housing Grant scenarios to boost LTV to 90%.[5]

Understanding SORA Rates in the Calculator

SORA (Singapore Overnight Rate Average) is Singapore's key benchmark for floating mortgages, with 3M and 6M compounds used by most banks. The calculator applies live SORA plus bank spreads (typically 0.7-1.0% in 2026).[1][7]

The chart below shows recent interest rate trends in Singapore:

As seen in the chart, SORA has stabilized around 2.5-3.0% post-2025 adjustments, impacting EMIs. Use this to stress-test: a 1% rise on S$800K adds ~S$300/month.[2][7]

Pro Tips to Maximize Homejourney Mortgage Calculator

Stress-Test Early: Always run 3-4% rate scenarios per MAS guidelines to avoid surprises in floating environments.[1][2]
Factor CPF Top-Ups: Input planned Ordinary Account top-ups to increase borrowing power for resale HDBs in areas like Pasir Ris.[1][5]
Refinance Check: Current Bukit Merah condo owners: Compare existing rates vs. new offers—save S$200+/month.[1]
Avoid Pitfalls: Don't overlook existing debts; the tool flags TDSR over 55% in red for safety.[3]
Multi-Bank Edge: After calculating, use apply multiple banks feature for fast mortgage application—one loan application app submission reaches 11 banks.[3]

What to Expect After Using the Calculator

Results show eligibility instantly. If approved, expect bank offers in 1-3 days via Homejourney dashboard. Compare DBS fixed vs. OCBC SORA packages side-by-side.[3][8]

Documentation auto-pulls via Singpass, but prepare NRIC, income proofs, and property Option to Purchase for formal apps. Homejourney connects you to mortgage brokers for personalized guidance.[4]

Disclaimer: Calculations are estimates; consult HDB/MAS sites or professionals for binding advice. Rates fluctuate—verify live data.[1][2]

FAQ: How to Use Homejourney Mortgage Calculator

How accurate is the Homejourney Mortgage Calculator?
It uses live SORA, Singpass-verified data, and MAS/HDB rules for 95%+ accuracy, but not a formal pre-approval.[1][2]

Can I use it for refinancing?
Yes, input current loan details to compare savings—ideal for 2026 rate environments.[1][7]

Is Singpass mandatory?
No, but recommended for precision. Manual entry available.[6]

How does multi-bank application work?
One one click loan application sends details to DBS, OCBC, UOB, and more. Track via app.[3][8]

Free to use?
Yes, fully free with no obligations. Homejourney earns via verified partners.[4]

Ready to calculate? Visit Homejourney Mortgage Calculator now for safe, trusted financing. Explore properties in budget at Property Search or maintain your home with Aircon Services . Link back to our Singapore Home Loans Complete Guide for full coverage.