S$650,000 Home Loan Repayment Calculator
Monthly repayments on a S$650,000 Singapore bank home loan at different rates and tenures.
Result
- Monthly instalment
- S$2,670.81
- Total interest
- S$311,493.00
- Total repaid
- S$961,493.00
How to use the s$650,000 home loan repayment calculator
- Enter the loan amount (S$).
- 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$): 650,000
- Interest rate (% a year): 2.8
- Loan tenure (years): 30
the calculator returns:
- Monthly instalment: S$2,670.81
- Total interest: S$311,493.00
- Total repaid: S$961,493.00
Monthly instalment by rate and tenure
| Rate | 20 years | 25 years | 30 years |
|---|---|---|---|
| 2.25% | S$3,365.75 | S$2,834.85 | S$2,484.60 |
| 2.5% | S$3,444.37 | S$2,916.01 | S$2,568.29 |
| 2.75% | S$3,524.08 | S$2,998.52 | S$2,653.57 |
| 3% | S$3,604.88 | S$3,082.37 | S$2,740.43 |
| 3.25% | S$3,686.77 | S$3,167.56 | S$2,828.84 |
| 3.5% | S$3,769.74 | S$3,254.05 | S$2,918.79 |
| 4% | S$3,938.87 | S$3,430.94 | S$3,103.20 |
Background
Most Singaporeans live in HDB flats, which can be financed with an HDB concessionary loan at 0.1% above the CPF Ordinary Account rate or with a bank loan. Private property must be financed with a bank loan, and banks offer fixed, floating and SORA-pegged packages.
The Total Debt Servicing Ratio limits monthly debt repayments to 55% of gross monthly income for any property loan, and the Mortgage Servicing Ratio limits the housing instalment to 30% of income for HDB flats and new executive condominiums. Banks apply a medium-term interest rate in these tests rather than the rate you will actually pay.
Frequently asked questions
How does the s$650,000 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.