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 determine what you can afford before viewing HDB flats in Sengkang or condos in Bukit Merah. This cluster article provides tactical steps, connecting to our pillar guide on Singapore home loans mastery for comprehensive strategies.[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][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. 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] This positions Homejourney as your trusted partner for faster mortgage approval and secure property decisions.
Step-by-Step: How to Use Homejourney Mortgage Calculator
Follow these actionable steps for precise results in minutes.[1][2][3]
- Log In with Singpass: Visit Homejourney's mortgage calculator. Click 'Login with Singpass' for instant auto-fill of income, employment, CPF balances, and debts—Singpass advantages make this digital vs paper application lightning-fast.[1][3][4]
- Select Calculation Type: Choose 'Maximum Loan' for borrowing power, 'Affordability' for property price from income, or 'Refinancing' for savings on existing loans.[1][2] For HDB upgraders, start with Maximum Loan to check MSR limits.
- Enter Property Details: Input property price (e.g., S$600,000 Bedok resale), type (HDB/private), down payment (5-25% split CPF/cash), and tenure (up to 30 years, age-adjusted).[1][2][3]
- Choose Interest Rate Scenario: Pick 3M/6M SORA floating, fixed packages, or specific rates from partners like DBS, OCBC, UOB.[1][4] The chart below shows recent interest rate trends in Singapore:
As seen in the chart, rates around 3.5% impact monthly payments significantly.[1][2]
- Calculate and Review: Get instant breakdown: max loan (e.g., S$468,000 at 90% LTV), EMI (~S$2,500/month), total interest, CPF/cash split, TDSR/MSR flags (green=eligible), and +4% stress tests.[1][2][3]
- Adjust and Apply: Tweak scenarios, then submit one online loan application to DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public Bank, Hong Leong, Citibank. Track offers side-by-side.[1][4]
Pro tip: For a S$550,000 HDB in Pasir Ris, 15% down (S$82,500), 25-year tenure at 6M SORA ~3.5%, expect ~S$2,200/month—fully compliant under MSR.[1][3]
Singpass vs Traditional Loan: Why Digital Wins for Faster Approval
Singpass vs traditional loan—Singpass auto-fills verified data, cutting digital vs paper application time from weeks to hours for faster mortgage approval.[1][2] Traditional methods require manual document uploads and bank queues; Homejourney's Singpass advantages include error-free data from government sources.[4]
Read more in our guide: Singpass vs Traditional Loan: Which is Better for Singapore Homes? | Homejourney . After calculating, search properties at Homejourney property search within your budget.
Documentation Checklist and Pro Tips
Though Singpass handles most, prepare these for multi-bank applications:[1][4]
- NRIC (auto-via Singpass)
- Latest payslips/NOC from employer
- CPF statements (auto)
- Existing loan statements for refinancing
- Property Option Fee receipt
Pro Tips: Stress-test at +4% rates to future-proof; use for HDB grants eligibility; set rate alerts via Homejourney. Avoid pitfalls like ignoring age caps—e.g., at 50, max tenure 15 years.[1][2] Connect with Homejourney Mortgage Brokers post-calculation for personalized advice.
For market data, explore Projects . Learn multi-bank benefits: Benefits of Multi-Bank Application in One Click | Homejourney .
What to Expect After Using the Calculator
Results show compliance instantly; eligible users get pre-approval quotes from 11 banks in 24-48 hours.[1][4] Compare side-by-side at Homejourney bank rates. Banks assess credit via CTB, income stability per MAS rules.
Disclaimer: Calculations are indicative; consult professionals for binding advice. Homejourney verifies data for safety, but rates fluctuate.[1][2]
Frequently Asked Questions (FAQ)
How accurate is the Homejourney Mortgage Calculator?
Singpass data and live SORA ensure 99% accuracy under MAS/HDB rules. Confirm with banks.[1][3][5]
Can I use it without Singpass?
Yes, manual entry works, but Singpass is recommended for precision and speed.[1][4]
Is it free for refinancing calculations?
Absolutely—input current details to see S$200+/month savings on Bukit Merah properties.[1][5]
Does it cover all banks?
Yes: DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB, Public, Hong Leong, Citibank.[1][4]
How does it help with TDSR?
Auto-applies 55% cap, flagging overages instantly.[1][2]
Master your mortgage with the Homejourney Mortgage Calculator today—start at https://www.homejourney.sg/bank-rates#calculator. For full strategies, return to our pillar on Singapore home financing. Homejourney: Safe, trusted property journeys.
