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][4].

Access it at Homejourney bank rates to compare DBS OCBC UOB rates and more from partner banks like HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong Bank, and Citibank[1][4]. This cluster article provides tactical steps, connecting to our pillar guide on Singapore home loans for comprehensive strategies[1].

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][4]. 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[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[2]. Homejourney prioritizes transparency: all data is Singpass-verified, reducing errors and building trust in a safe environment[1].

SORA (Singapore Overnight Rate Average) is the benchmark interest rate used by most Singapore banks for floating-rate home loans[1][4]. 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[1].

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

Follow these actionable steps to use the calculator effectively. It takes under 5 minutes and integrates seamlessly with Homejourney's multi-bank application[1][4].

Visit the Calculator: Go to Homejourney bank rates. No sign-up needed initially[1].
Login with Singpass: Use Singpass for instant auto-fill of income, employment, CPF Ordinary Account (OA) balance, age, and debts. This ensures 99% accuracy per MAS/HDB rules[1][2][4]. Manual entry is available but less precise[4].
Enter Property Details: Input purchase price (e.g., S$600,000 for Bedok resale 4-room HDB), downpayment type (CPF/cash), and property type (HDB/private). The tool auto-applies LTV rules: 90% for first-time HDB, 75% for private subsequent loans[1][3][4].
Choose Interest Rate Scenario: Select 3M/6M SORA floating, fixed packages, or specific bank rates Singapore from live data like DBS at 2.8%, OCBC at 2.75%. Set rate alerts for notifications[1][4].
Calculate and Review: Get instant breakdown: max loan (e.g., S$468,000), EMI (e.g., ~S$2,200/month at 2.7% over 25 years), total interest (~S$190,000), CPF/cash split, TDSR/MSR flags (green for eligible), and +4% stress test[1][2].
Adjust & Apply: Tweak tenure or rates, then submit one application to all partner banks. Track offers side-by-side via Homejourney's multi-bank system [1][4].

Pro Tip: For HDB upgraders in Pasir Ris, stress-test at +4% SORA to ensure affordability if rates rise, as per MAS guidelines[1].

Key Features and Singapore-Specific Calculations

The calculator enforces MAS and HDB rules automatically: TDSR at 55%, MSR at 30% for HDB[1][2][3]. It factors minimum cash downpayments (e.g., 5% for first HDB) and shows principal-interest splits—early years are ~70% interest[4][5].

For refinancing, input your existing loan (e.g., Bukit Merah condo at 3.2%) to compare against current best mortgage rates, potentially saving S$200+/month[1][5]. Use it as a mortgage rate comparison app to view compare bank rates Singapore from DBS, OCBC, UOB instantly[1].

Real example: A 35-year-old earning S$8,000/month with S$100,000 CPF OA can borrow up to ~S$800,000 for a S$900,000 private property under TDSR, with monthly ~S$3,800 (75% LTV)[1][2]. Always verify with banks, as this is indicative[1].

Integrate with Homejourney property search to find properties within your budget, or check projects directory for new launches[1]. For related reading, see How to Use Homejourney Bank Rate Comparison: 2026 Guide ">How to Use Homejourney Bank Rate Comparison: 2026 Guide and Benefits of Multi-Bank Application in One Click | Homejourney ">Benefits of Multi-Bank Application[1].

Pro Tips to Maximize Your Results

Time Your Calculation: Run during off-peak hours (e.g., weekdays 10am-2pm) for fastest Singpass sync[1].
Prepare Documents: Have NRIC, latest payslips, CPF statements ready for multi-bank apply. Singpass pulls most, but banks may request extras[4].
Avoid Pitfalls: Don't overestimate income—audits catch this. Factor existing debts like car loans in TDSR[2][3].
For Investors: Use for multiple properties; it flags portfolio TDSR limits[1].
Refinance Smartly: If SORA drops (per chart), lock in via Homejourney's bank rate comparison tool[1][4].

Disclaimer: Calculations are estimates based on current rules (as of 2026). Consult Homejourney Mortgage Brokers or banks for personalized advice. Homejourney verifies data for your safety[1].

What to Expect After Using the Calculator

Results show green flags for eligibility, then one-click apply sends details to 10+ banks. Expect offers in 1-3 days, trackable on Homejourney[1][4]. Compare side-by-side and select the best, e.g., lowest effective interest rate[1].

Post-approval, link to property search for options like aircon-serviced homes via Aircon Services ">aircon services[1]. For full strategies, read our pillar on mastering Singapore mortgages.

Frequently Asked Questions (FAQ)

Q: How accurate is the Homejourney Mortgage Calculator?
A: Extremely accurate (99%) using Singpass-verified data, live SORA, and MAS/HDB rules like TDSR 55%/MSR 30%. Matches bank quotes within 5%[1][2].

Q: Can I use it without Singpass?
A: Yes, manual entry works, but Singpass is recommended for precision and multi-bank apply[4].

Q: Does it cover refinancing?
A: Yes, input current details to see savings, e.g., S$200+/month on existing loans[1][5].

Q: Which banks can I compare?
A: DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, and more via bank-rates [1][4].

Q: Is it free?
A: Yes, fully free with no obligations. Homejourney focuses on your safe decisions[1].

Ready to calculate? Visit Homejourney Mortgage Calculator now and compare DBS OCBC UOB rates securely. Homejourney: Prioritizing your trust and safety in every property journey. Link back to our pillar for complete home loan mastery.