How to Use Homejourney Mortgage Calculator: 2026 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]

At Homejourney, user safety and trust come first. This calculator ensures accurate, verified calculations so you make confident decisions without financial surprises. It connects directly to our broader pillar guide on Singapore home loans and mortgage financing, providing tactical steps for precise budgeting before exploring properties on Property Search or comparing rates on Bank Rates .[1][2]

Why Singapore Buyers Need the Homejourney Mortgage Calculator

Singapore's strict MAS regulations like TDSR (Total Debt Servicing Ratio at 55% of gross income) and MSR (Mortgage Servicing Ratio at 30% for HDB) demand precise calculations to avoid rejections.[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).[1][4]

Unlike manual spreadsheets, it integrates live SORA rate tracker data, showing live SORA rates including 3M SORA and 6M SORA tracking. This helps you monitor interest rates and set rate alerts for optimal timing.[1][2] For example, first-time buyers eyeing a S$520,000 Sengkang 4-room resale can instantly see if they qualify under current rules.

Homejourney prioritizes transparency: all data is Singpass-verified, reducing errors and building trust in a safe environment.[1][6]

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

Access the calculator at Homejourney's Bank Rates page. Here's the exact process:

Log in with Singpass: Use Singpass for instant auto-fill of income, employment, CPF balance, and age. This verifies your data securely, cutting application time and rejection risks.[1][2][6]
Select Calculation Type: Choose from maximum loan (borrowing power), affordability (property price from income), monthly instalment, or refinancing. First-timers start with 'maximum loan'.[1][2]
Enter Property Details: Input price (e.g., S$600,000 Bedok 4-room HDB), type (HDB/private), downpayment (5-25% cash/CPF split), and tenure (up to 30 years).[1][3]
Choose Interest Rate Scenario: Pick 3M SORA, 6M SORA floating, fixed packages, or specific banks like DBS, OCBC, UOB. Live rates ensure realism.[1][2]
Calculate & Stress-Test: Hit calculate for instant results: 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%.[1][3]
Review & Act: Compare side-by-side with partners like HSBC, Standard Chartered, Maybank, CIMB. Apply multi-bank with one click—no need to visit branches.[1][2]

Pro Tip: For HDB upgraders, toggle MSR mode for the 30% cap. Test a S$1M Punggol BTO to stay compliant.[1][3] Common pitfall: Forgetting other debts in TDSR—Singpass pulls them automatically.

Understanding SORA Rates with Homejourney Tracker

SORA (Singapore Overnight Rate Average) is the MAS benchmark for most floating-rate home loans in Singapore, replacing older SOR rates. Homejourney's SORA rate tracker provides live SORA rates for 3M SORA and 6M SORA tracking, with rate alert notifications to monitor interest rates effectively.[1][2]

The chart below shows recent interest rate trends in Singapore:

As seen in the chart, rates have fluctuated around 2.7-3.2% recently, impacting monthly payments. Use this to time fixed-to-floating switches or refinancing. For deeper insights, check our Real-Time SORA Rate Tracker: Guide for Smart Singapore Homebuyers | Homejourney ">Real-Time SORA Rate Tracker guide.[1]

Real Examples: Homejourney Calculator in Action

Example 1: First-Time HDB Buyer. Income S$6,000/month, age 30, targeting S$550,000 Yishun resale. Calculator shows max loan S$495,000 (90% LTV), EMI S$2,500 (MSR-compliant), with S$200K CPF/cash downpayment. Stress test at +4% adds S$400/month—revealing safe buffer.[1][2]

Example 2: Refinancer in Bukit Batok. Existing S$800K loan at 3.5%. At current 2.7% 3M SORA via OCBC, monthly savings hit S$250. Total interest drops S$80K over 20 years. Link to How to Calculate If Refinancing is Worth It: Homejourney Guide ">refinancing calculator guide for more.[1][3]

These reflect 2026 rates from MAS/HDB data. Always verify with banks, as rates change.[1][4] Disclaimer: This is not financial advice; consult professionals for personalized guidance.

Pro Tips to Maximize Homejourney Mortgage Calculator

Enable Rate Alerts: Get notified when 3M SORA or 6M SORA drops below your threshold for repricing.[1]
Multi-Bank Apply: After calculating, submit one app to DBS, UOCB, UOB, HSBC, and more. Track status on Homejourney.[1][2]
Combine with Property Search: Export results to filter homes on Property Search within budget.[1]
Avoid Pitfalls: Input accurate debts; test multiple tenures. For investors, toggle private property LTV (75-80%).[2][3]
Read our How to Use Homejourney Bank Rate Comparison: 2026 Guide ">bank rate comparison guide next.[1]

Documentation Checklist for Loan Applications

Post-calculation, prepare for multi-bank apps via Homejourney:

NRIC (auto via Singpass)
Latest payslips (3 months)
CPF statements (via Singpass)
ITR (if self-employed)
Property Option Fee receipt

All auto-fills where possible. Processing: 1-3 days for IP disclosure, 21 days for formal approval.[1][2] Homejourney tracks everything centrally.

FAQ: How to Use Homejourney Mortgage Calculator

Q: How accurate is the Homejourney Mortgage Calculator?
A: Extremely accurate as it uses Singpass-verified data, live SORA rates, and official MAS/HDB rules like TDSR 55% and MSR 30%. Results match bank quotes within 5%.[1][2]

Q: Can I track live SORA rates on Homejourney?
A: Yes, our SORA rate tracker shows live 3M SORA and 6M SORA with rate alerts. Perfect for monitoring interest rates.[1]

Q: What's the difference between 3M and 6M SORA?
A: 3M SORA resets quarterly (more volatile), 6M semi-annually (smoother). Use Homejourney to compare impacts on your EMI.[1][2]

Q: How do I apply for loans after using the calculator?
A: Click 'Apply Now' for multi-bank submission to DBS, OCBC, etc. One form, multiple offers. See our Multi-Bank Loan Apps in One Click: Top Benefits for SG Buyers | Homejourney ">multi-bank guide.[1]

Q: Is it free and safe?
A: Yes, 100% free. Singpass ensures top security, aligning with Homejourney's trust-first approach.[6]

Ready to calculate? Visit Homejourney Mortgage Calculator now and explore properties on Property Search . For full Singapore mortgage strategies, return to our pillar guide on home financing. Homejourney: Safe, trusted property journeys.