S$600,000 Home Loan Repayment Calculator
Monthly repayments on a S$600,000 Singapore bank home loan at different rates and tenures.
Result
- Monthly instalment
- S$2,465.37
- Total interest
- S$287,532.00
- Total repaid
- S$887,532.00
How to use the s$600,000 home loan repayment calculator
- Enter the loan amount (S$).
- Enter the interest rate (% a year).
- Enter the loan tenure (years).
- The results update as you type, or press Calculate.
- Read the monthly instalment first, then the supporting figures below it.
Formula
Monthly instalment = P × r ÷ (1 − (1 + r)^−n).
Worked example
For example, with these inputs:
- Loan amount (S$): 600,000
- Interest rate (% a year): 2.8
- Loan tenure (years): 30
the calculator returns:
- Monthly instalment: S$2,465.37
- Total interest: S$287,532.00
- Total repaid: S$887,532.00
Monthly instalment by rate and tenure
| Rate | 20 years | 25 years | 30 years |
|---|---|---|---|
| 2.25% | S$3,106.85 | S$2,616.78 | S$2,293.48 |
| 2.5% | S$3,179.42 | S$2,691.70 | S$2,370.73 |
| 2.75% | S$3,253.00 | S$2,767.87 | S$2,449.45 |
| 3% | S$3,327.59 | S$2,845.27 | S$2,529.62 |
| 3.25% | S$3,403.17 | S$2,923.90 | S$2,611.24 |
| 3.5% | S$3,479.76 | S$3,003.74 | S$2,694.27 |
| 4% | S$3,635.88 | S$3,167.02 | S$2,864.49 |
Background
Stamp duties are paid upfront. Buyer's Stamp Duty applies to every purchase at tiered rates up to 6%, while ABSD depends on the buyer's residency status and how many residential properties they already own. Sellers who dispose of a property within the holding period pay Seller's Stamp Duty.
Singapore's property market is shaped by cooling measures introduced since 2009, including Additional Buyer's Stamp Duty, loan-to-value limits and debt servicing ratios. These rules are adjusted when the market runs hot, so the numbers you see today may differ from what friends paid a few years ago.
Frequently asked questions
How does the s$600,000 home loan repayment calculator work?
It applies this formula: Monthly instalment = P × r ÷ (1 − (1 + r)^−n).
Should I rely on this before signing?
Use it to plan, then confirm the figures with your banker, lawyer or the IRAS stamp duty calculator before you exercise an option to purchase.