Asked 2w ago
PropertyGuru’s Property Affordability Calculator: https://bit.ly/3jXKgeq
With hefty home prices in land scarce Singapore, it’s very important to ensure that you are able to afford to pay off your future home!
You can use PropertyGuru’s Property Affordability Calculator to calculate the cost of your dream home and your estimated repayment per month.
It just takes 5 minutes to calculate an estimate of your maximum property affordability.
The Property Affordability Calculator is based on the following 3 MAS requirements to calculate your maximum affordability:
60% Total Debt Servicing Ratio (TDSR)
25% Minimum Downpayment
5% Minimum Cash Down Payment
Okay so… What’s next?
Use these numbers to set your budget while you're searching for your dream home. It’s important to know the property price range you (and your partner) can afford to determine your next steps such as whether you require a home loan.
Hope this helps!