How to Use Homejourney Mortgage Calculator: TDSR & MSR Guide

Homejourney Mortgage Calculator helps Singapore property buyers instantly assess borrowing capacity TDSR limits, MSR for HDB flats, and monthly repayments using real-time data from DBS, OCBC, UOB, and more. This free tool on our bank rates page ensures you stay within MAS regulations like Total Debt Servicing Ratio (TDSR) at 55% and Mortgage Servicing Ratio (MSR) at 30% for HDB, prioritizing your financial safety.

Whether you're a first-time HDB buyer in Tampines or upgrading to a condo in Bishan, this calculator verifies eligibility before committing to an Option to Purchase, avoiding overborrowing pitfalls common in hot markets like Pasir Ris.

Why Use Homejourney Mortgage Calculator for Singapore Buyers

Singapore's property market demands precise financial planning due to strict rules from MAS and HDB. The Homejourney Mortgage Calculator computes your TDSR calculator and MSR calculator results alongside debt ratio calculator metrics, showing principal vs interest breakdowns for loans up to 75% LTV (Loan-to-Value) for HDB or 80% for private properties.

For example, a S$600,000 HDB loan at 2.6% over 25 years yields about S$2,700 monthly EMI, but TDSR caps total debt at 55% of income. Homejourney's tool auto-applies these eligibility limits, integrating Singpass for accurate CPF and income data, unlike manual spreadsheets that often overlook SORA fluctuations.

This connects to our pillar guide on Singapore Mortgage Financing, providing tactical steps for affordability checks before property searches on Homejourney property search.

Key Singapore Regulations: TDSR, MSR, and Borrowing Limits

TDSR (Total Debt Servicing Ratio) limits all debts (including credit cards, car loans) to 55% of gross monthly income. For a S$10,000 salary, max debt is S$5,500.

MSR (Mortgage Servicing Ratio) applies only to HDB/Executive Condos, capping housing loans at 30% of income. HDB enforces this strictly for flats up to S$1.6 million BTO price ceiling in 2025.

• Private Property: TDSR 55%, LTV up to 75% (first loan), tenure max age 65 or 30 years.
• HDB Flats: MSR 30% + TDSR 55%, LTV 75-90% with grants, concessionary rates ~2.6% p.a.
• Refinancing: Same limits; check via Homejourney for SORA-pegged rates averaging 2.5-2.75% in 2025.

These align with MAS guidelines; always verify with HDB for grants like AFG up to S$80,000.

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

Access the calculator at https://www.homejourney.sg/bank-rates#calculator. It's powered by Singpass for secure, auto-filled data.

1. Log in with Singpass: Instantly pulls income, CPF balance, existing debts for accurate TDSR calculator results. No manual entry needed.
2. Enter Property Details: Input price (e.g., S$520,000 Tampines resale), downpayment (5-25%), tenure (up to 25-30 years).
3. Select Rate Type: Choose SORA (3M SORA +0.40%), fixed, or bank packages from DBS, OCBC, UOB, HSBC, Standard Chartered, Maybank.
4. Review Outputs: See monthly EMI, total interest, borrowing capacity TDSR (e.g., max loan S$750,000), principal-interest split. Early payments are 70% interest.
5. Check Eligibility: Green for pass (under 55% TDSR/MSR); red flags overlimits. Adjust tenure or downpayment.
6. Compare & Apply: Side-by-side bank rates; submit one multi-bank application to all partners.

Pro tip: For Sengkang BTOs, test scenarios with 90% LTV + grants to maximize borrowing capacity.

Documentation Checklist for Accurate Calculations

Prepare these for Singpass integration or manual overrides:

• Latest payslips (3 months) or tax assessment (IRAS).
• CPF statements (CPFOA.gov.sg).
• Existing loan statements (credit cards under S$30k exempt from TDSR).
• Employment pass/details for foreigners (max 60% TDSR).
• HDB letter of offer for MSR confirmation.

Insider tip: Download CPF e-statements via Singpass before showflat visits in Bukit Merah—saves time during peak hours.

Pro Tips to Maximize Approval Odds

Avoid common pitfalls like ignoring CPF Ordinary Account refunds (offsets HDB EMIs). Use Homejourney's real-time 3M/6M SORA tracker to lock rates when below 2.5%.

• Reduce debts pre-application: Pay off cards to boost TDSR headroom by 5-10%.
• Test refinancing: Current owners in Pasir Ris can save S$200/month switching to Maybank SORA packages.
• Multi-bank magic: One Homejourney application reaches DBS to Citibank—compare offers side-by-side. See Homejourney Multi-Bank Benefits.
• Singpass speed: Auto-fills cut processing to days. Full guide at Singpass Loan Guide.

Disclaimer: Calculations are estimates; consult banks for binding quotes. Homejourney verifies data for safety but isn't financial advice.

What to Expect After Using the Calculator

Greenlight? Proceed to property search for budget-matched listings. Approval timelines: 3-7 days for pre-approval via Homejourney. Track status in-app; expect offers from 10+ banks like RHB, CIMB.

Post-purchase, maintain via aircon services. For deeper insights, read TDSR & MSR Limits and Bank Rate Comparison.

FAQ

How accurate is Homejourney Mortgage Calculator for TDSR?
Singpass integration ensures 95%+ accuracy using official CPF/IRAS data, mirroring bank assessments.

What's the difference between TDSR and MSR calculators?
TDSR (55%) covers all debts for private properties; MSR (30%) is HDB-only for housing.

Can investors use it for borrowing capacity TDSR?
Yes, inputs multiple properties; checks eligibility limits across rentals/investments.

Does it show 2025 SORA rates?
Live updates from MAS; current 3M SORA ~2.2% + spreads.

How to apply after calculating?
Click 'Apply Now' for multi-bank submission—safe, one-click to partners.

Ready to calculate? Visit Homejourney Mortgage Calculator now. Link back to our pillar on Singapore mortgages for full guidance, and explore verified projects at projects directory. Homejourney prioritizes your trust with transparent tools every step.