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]
Access it at Homejourney's bank rates page to plan your HDB or private property purchase safely and accurately. This cluster article dives into step-by-step usage, connecting to our pillar guide on Singapore home loans for comprehensive financing advice.[1][4]
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 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.[2][4]
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 prioritizes your safety by verifying data through Singpass, ensuring transparent, trustworthy results.[1]
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 key benchmark for floating rates. Homejourney's SORA rate tracker provides live SORA rates for 3M SORA and 6M SORA tracking, helping you monitor interest rates and set rate alerts.[1][2]
The chart below shows recent interest rate trends in Singapore:
As you can see from the chart above, rates have fluctuated, making tools like Homejourney's essential for timing your loan. Check our Real-Time SORA Rate Tracker: Guide for Smart Singapore Homebuyers | Homejourney ">Real-Time SORA Rate Tracker guide for more on monitoring.[1][4]
Step-by-Step: How to Use Homejourney Mortgage Calculator
Follow these actionable steps for precise results:
- Log in with Singpass: Visit https://www.homejourney.sg/bank-rates#calculator. Use Singpass for instant auto-fill of income, employment, CPF, and age data—secure and accurate.[1][2]
- 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. Use rate alert for notifications.[1]
- 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 application to all partners like DBS, OCBC, UOB. Track offers side-by-side. Learn more in our Multi-Bank Application in One Click: Homejourney's Guide to Smart Mortgage Compa... ">Multi-Bank Application guide.[1][4]
Avoid pitfalls like ignoring stress tests (+4% rate hikes) or forgetting minimum cash downpayments (5% for HDB resale).[3] For a S$800,000 condo in Pasir Ris, expect ~S$3,800/month at 2.7% over 25 years.[5]
Pro Tips for Accurate Results and Savings
Insider tip: First-time HDB buyers in areas like Bedok or Bukit Merah—maximize CPF usage by checking OA balances first via Singpass preview.[1] For refinancing, input current loan details to spot S$200+/month savings against live rates.[1][5]
- Stress-test at +4% to comply with MAS rules and protect against SORA spikes.[4]
- Compare fixed vs. floating: Use Homejourney's bank rates to see DBS vs. OCBC packages.[2]
- Toggle rate alert for 3M/6M SORA changes—perfect for investors eyeing Projects Directory .
- After calculating, search properties in budget via Homejourney property search.[1]
Skip bank queues: Homejourney's multi-bank submission sends your verified details to 11+ banks instantly. See our Step-by-Step Singpass Loan Application Guide | Homejourney ">Singpass Loan Application guide.[4]
What to Expect After Calculation
Results show green flags for eligibility, with breakdowns like principal-interest split (early years ~70% interest).[5] Processing takes 1-3 days for offers from partners.[1]
Disclaimer: Calculations are indicative; banks make final decisions. Homejourney verifies data for trust but recommends consulting professionals. Post-purchase, explore Aircon Services for maintenance.[3]
Frequently Asked Questions (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][4]
Does it track live SORA rates?
Yes, with SORA rate tracker for 3M SORA, 6M SORA tracking, and rate alerts. See How to Use Homejourney Bank Rate Comparison: 2026 Guide ">Bank Rate Comparison guide.[2]
Is Singpass required?
Recommended for precision, but manual entry works. Multi-bank apply needs it for speed.[4]
How does it help first-time buyers?
Auto-applies 90% LTV, MSR 30%, showing realistic budgets for HDB like Sengkang BTO.[2][3]
Ready to calculate? Visit Homejourney bank rates now. For full Singapore home loan strategies, check our pillar guide on mastering mortgages. Homejourney: Your trusted partner for safe property decisions.
