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

How to Use Homejourney Mortgage Calculator: Your 5-Minute Guide

The Homejourney Mortgage Calculator lets you instantly calculate your maximum borrowing capacity, monthly instalments, TDSR and MSR eligibility, and stress-test scenarios using real-time SORA rates and Singpass-verified data—all in under 5 minutes.[1][2][3]

This focused cluster article provides actionable steps on how to use Homejourney Mortgage Calculator, linking back to our pillar content on Singapore Home Loans Complete Guide. Homejourney prioritizes user safety and trust by verifying data through Singpass and ensuring compliance with MAS regulations before you explore properties on Property Search or Projects .[2][3]

Why Singapore Buyers Need the Homejourney TDSR Calculator

In Singapore's property market, regulations like TDSR (Total Debt Servicing Ratio at 55% of gross income) and MSR (Mortgage Servicing Ratio at 30% for HDB) strictly limit borrowing. The Homejourney tool acts as a TDSR calculator, MSR calculator, debt ratio calculator, and reveals eligibility limits and borrowing capacity TDSR automatically.[1][2][3]

For example, a first-time buyer earning S$8,000 monthly with S$50,000 CPF Ordinary Account can check if a S$600,000 Bedok resale 4-room HDB fits within limits. It factors in existing debts like car loans and applies LTV rules (90% for first-time HDB).[2][3]

Homejourney's calculator integrates live data from partners including DBS Bank, OCBC Bank, UOB, HSBC, Standard Chartered, Maybank, CIMB, RHB Bank, Public Bank, Hong Leong Bank, and Citibank—positioning us as your trusted one-stop platform.[1][4]

Key Singapore Regulations Built into the Calculator

The tool enforces MAS and HDB rules: TDSR caps total debt at 55%, MSR at 30% for HDB, LTV from 75-90%, and tenure up to age 65 or 30 years.[2][3][4]

It also includes stress tests for rate hikes up to 4%, crucial as most loans are pegged to 3M or 6M SORA (Singapore Overnight Rate Average), the benchmark replacing SOR.[1][6]

SORA has fluctuated recently; understanding trends helps time your purchase. The chart below shows recent interest rate trends in Singapore:

As seen in the chart, SORA movements impact monthly payments—use this insight to select floating or fixed packages wisely.[1][6]

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

Follow these actionable steps for precise results. Access it at https://www.homejourney.sg/bank-rates#calculator.[1][4]

Navigate to Bank Rates Page: Visit https://www.homejourney.sg/bank-rates and scroll to the calculator. Compare rates from DBS, OCBC, UOB and more first.[1][4]
Log in with Singpass: Click Singpass for secure auto-fill of income, CPF balance, age, employment, and debts. This ensures accuracy and compliance—no manual errors.[1][2][5]
Select Calculation Type: Choose from maximum loan (e.g., borrowing capacity TDSR), affordability (property price from income), monthly instalment, or refinancing.[1][2][7]
Enter Property Details: Input price (e.g., S$520,000 Sengkang 4-room resale), downpayment (cash/CPF split), tenure (up to 30 years), and property type (HDB/private).[2][5]
Choose Interest Rate Scenario: Pick 3M/6M SORA floating, fixed, or bank-specific rates. Live data pulls for realism.[1][6]
Calculate and Review: Get instant breakdown: max loan (e.g., S$800K), EMI (~S$3,800/month at 2.7% over 25 years), total interest (~S$340K), CPF/cash split, TDSR/MSR status, and stress tests.[1][2][3]
Apply Multi-Bank: Submit one application via Singpass to all partners. Track offers side-by-side on the platform.[1][4]

Avoid pitfalls: Always use current CPF balances and include all debts for true eligibility limits.[2][3]

Real Example: Bedok HDB Buyer

Insider tip: For a 35-year-old couple earning S$10,000 combined, eyeing S$650,000 Bedok resale. Step 3 shows max loan S$585,000 (90% LTV), monthly S$3,200 (within 30% MSR), with S$40,000 cash downpayment. Stress test confirms viability even if SORA rises 1%.[2][3]

Compare this to manual calc—Homejourney saves hours and prevents overborrowing, a common mistake for upgraders from Punggol HDBs.[1][4]

Pro Tips to Maximize Borrowing Capacity

Pay down debts pre-calc to lower TDSR ratio—increase capacity by 10-15%.[2]
Time applications when SORA dips (check chart); fixed rates suit risk-averse buyers.[1][6]
For HDB, maximize CPF OA usage but reserve S$5,000+ for fees.[3]
Refinancers: Input current loan details to see S$200+/month savings.[1]
Link to TDSR & MSR Calculator: Check Borrowing Limits with Homejourney for deeper TDSR insights.[2]

Disclaimer: Calculations are estimates; consult Homejourney Mortgage Brokers for personalized advice. Not financial advice—based on MAS/HDB rules as of 2026.[1][4]

Next Steps After Calculation

With results, search budget-fit properties on Property Search . Apply via https://www.homejourney.sg/bank-rates for multi-bank offers. Track status securely.[1][4]

Read Benefits of Multi-Bank Application in One Click | Homejourney and Step by Step Singpass Loan Application Guide | Homejourney for seamless applications.[1]

Frequently Asked Questions (FAQ)

What is TDSR and how does Homejourney calculate it?
TDSR limits total debt to 55% of income. Homejourney's TDSR calculator includes all obligations and stress-tests at +3.5% rates per MAS.[1][2]

Can I use the calculator without Singpass?
Yes, manual entry works, but Singpass auto-fills for precision and security—recommended for accurate borrowing capacity TDSR.[5]

Does it cover refinancing?
Yes, input existing loan for savings comparison. E.g., switch from 3% to 2.7% SORA saves significantly.[1][6]

How accurate are the results?
Highly accurate using live data, but banks make final calls. Use as pre-check before Projects Directory .[3][4]

What if rates change after calculation?
Recalculate anytime; track SORA via the chart. Lock fixed rates for stability.[1][6]

Ready to calculate? Visit Homejourney Mortgage Calculator now for safe, trusted borrowing insights. Link back to our Singapore Home Loans Complete Guide for full coverage.