S$825,000 Hdb Loan: Monthly Repayment and Total Interest
A S$825,000 HDB loan at 2.6% over 25 years costs S$3,742.77 a month. Over the full term you repay S$1,122,832.03, of which S$297,832.03 is interest.
Repayment by tenure
| Tenure | Monthly | Total interest |
|---|---|---|
| 10 years | S$7,814.84 | S$112,780.69 |
| 15 years | S$5,539.93 | S$172,187.66 |
| 20 years | S$4,412.00 | S$233,880.34 |
| 25 years | S$3,742.77 | S$297,832.03 |
If rates change
| Rate | Monthly instalment |
|---|---|
| 2% | S$3,496.80 |
| 2.5% | S$3,701.09 |
| 3% | S$3,912.24 |
| 3.5% | S$4,130.14 |
| 4% | S$4,354.65 |
| 4.5% | S$4,585.62 |
Income needed
Under the 30% Mortgage Servicing Ratio for HDB flats, an instalment of S$3,742.77 needs a gross household income of at least S$12,475.91 a month. Under the 55% TDSR, it needs at least S$6,805.04 with no other debts. Banks test affordability at a higher stress-test rate, so the real requirement is higher for bank loans.
Things to check
- Stamp duty is based on the purchase price or market value, whichever is higher.
- Budget for legal fees, valuation, renovation and moving costs on top of the downpayment and stamp duties.
- Seller's Stamp Duty can wipe out the gains on a quick resale, so check your holding period before selling.
- Stamp duty must be paid within 14 days of signing, so have the cash ready before you exercise the option.
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.
CPF Ordinary Account savings can pay for the downpayment, stamp duties and monthly instalments, but using CPF reduces the money compounding for retirement, and the amount withdrawn plus accrued interest must be refunded to your CPF account when you sell.
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.
Related calculations
- Total Debt Servicing Ratio (TDSR) Calculator: TDSR limits all monthly debt repayments to 55% of gross monthly income when you take a property loan.
- Loan-to-Value (LTV) Calculator: Shows the maximum bank loan and the minimum downpayment under MAS loan-to-value limits for loans up to 30 years (25 years for HDB flats).
- Property Affordability Calculator: Estimates the biggest loan and property price your income supports under TDSR, using the stress-test rate banks apply.
- Rental Yield Calculator: Measures the return from rent before and after costs such as property tax, maintenance fees and agent fees.
Model your own loan in the S$825,000 HDB Loan Repayment Calculator.
Run your own numbers: S$825,000 HDB Loan Repayment Calculator