How to Use Homejourney Mortgage Calculator: 2026 Guide

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

The Homejourney Mortgage Calculator is a free, Singpass-powered tool that instantly calculates your maximum borrowing capacity, monthly instalments, TDSR and MSR compliance, and stress-test scenarios using real-time SORA rates—all in under 5 minutes for Singapore property buyers.[1][2][3]

This cluster article provides tactical steps for using the calculator, linking back to our pillar content on Singapore Home Loans Complete Guide. Homejourney prioritizes your safety with transparent tools that ensure regulatory compliance before you search properties via Property Search or explore Projects .[2][3]

Why Use Homejourney Mortgage Calculator?

Singapore's property market requires precise planning due to MAS rules like TDSR (Total Debt Servicing Ratio at 55% of gross income) and MSR (Mortgage Servicing Ratio at 30% for HDB).[1][2][3] 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 estimates, it integrates live data from partner banks like DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong Bank, and Citibank. For example, a first-time buyer earning S$8,000/month can quickly see if a S$600,000 Bedok resale HDB fits within limits, factoring CPF Ordinary Account balance and existing loans.[2][3]

Homejourney's Singpass integration auto-fills income, employment, and CPF details securely, enabling convenient loan application and reducing errors for confident decisions.[1][4] This supports no queue mortgage processes and digital bank application via one platform.

Key Singapore Regulations Built into the Calculator

The calculator automatically enforces MAS and HDB rules: TDSR caps total debt payments at 55% of gross income, while MSR limits HDB mortgage payments to 30%.[1][2] It also applies Loan-to-Value (LTV) limits—90% for first-time HDB buyers, down to 75% for private properties on subsequent loans—and age-based tenure caps.[3][4]

SORA (Singapore Overnight Rate Average) is the benchmark for most floating-rate home loans in Singapore. The chart below shows recent interest rate trends in Singapore:

As seen in the chart, SORA rates fluctuate, so the calculator includes stress tests for rate hikes up to +4%, helping you prepare for scenarios like a S$800,000 loan at 2.7% over 25 years yielding ~S$3,800/month EMI and ~S$340,000 total interest.[2][8]

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

Follow these actionable steps for how to use Homejourney Mortgage Calculator. Access it at https://www.homejourney.sg/bank-rates#calculator.

Navigate to Bank Rates Page: Visit https://www.homejourney.sg/bank-rates. Scroll to the calculator for instant TDSR/MSR pre-checks.[1][6]
Login with Singpass: Use Singpass for apply bank online—your income, employment, and CPF data auto-fills securely.[1][2][5]
Select Calculation Type: Choose maximum loan, affordability, monthly instalment, or refinancing. First-timers pick 'maximum loan' to assess borrowing power.[1][2]
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).[2]
Choose Interest Rate Scenario: Select 3M/6M SORA floating, fixed packages, or specific bank rates from live data.[1][8]
Calculate and Review: Get instant breakdown: max loan, EMI, total interest, CPF/cash split, and stress tests. For HDB upgraders, toggle MSR mode for Punggol BTO scenarios.[2][5]
Apply Multi-Bank: Submit one online home loan application to all partners. Track offers side-by-side—no branches needed.[1][4]

Pro Tip: For resale flats in Pasir Ris or Bukit Merah, test refinancing to save S$200+/month by comparing existing rates against new offers.[1]

Documentation Checklist for Applications

NRIC (auto-via Singpass)
Latest payslips (3 months) or tax assessment
CPF statements (auto-fetched)
Existing loan statements if refinancing
Employment confirmation letter

Prepare these digitally for seamless digital bank application. Homejourney verifies data to prioritize user safety.[3]

Pro Tips to Maximize Your Results

Avoid pitfalls like ignoring stress tests—always check +3% SORA scenarios for floating rates.[1][5] Increase approval chances by minimizing existing debts before calculating. For investors eyeing condos, use affordability mode to match budgets with Property Search .[2]

Read related guides: How to Use Homejourney Bank Rate Comparison: 2026 Guide ">How to Use Homejourney Bank Rate Comparison: 2026 Guide and Step by Step Singpass Loan Application Guide | Homejourney ">Step by Step Singpass Loan Application Guide.[3]

What to expect: Banks assess within 1-3 days via Homejourney's platform. Compare offers from DBS to Citibank and select the best.[4] Post-approval, explore properties in Projects Directory or maintain with Aircon Services .

FAQ

How accurate is the Homejourney Mortgage Calculator?
It uses live SORA rates and Singpass data, applying exact MAS/HDB rules for 99% accuracy. Always confirm with banks.[1][3]

Can I use it for refinancing?
Yes, input current loan details to see savings, e.g., S$200+/month on Bedok condos.[1]

What if I don't have Singpass?
Manual entry works, but Singpass enables no queue mortgage and multi-bank apply bank online instantly.[2][4]

Does it cover all banks?
Yes, DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, and more via one convenient loan application.[3]

Is financial advice provided?
This is for estimation; consult Homejourney Mortgage Brokers via bank-rates for personalized guidance. Homejourney builds trust through transparency—results not guaranteed.[1][2]

Master how to use Homejourney Mortgage Calculator today for safe, informed decisions. Start at https://www.homejourney.sg/bank-rates#calculator and link back to our Singapore Home Loans Complete Guide for full coverage.