S$275,000 HDB Loan Repayment Calculator
Monthly instalment and total interest on a S$275,000 HDB concessionary loan.
Result
- Monthly instalment
- S$1,247.59
- Total interest
- S$99,277.34
- Total repaid
- S$374,277.34
How to use the s$275,000 hdb loan repayment calculator
- Enter the loan amount (S$).
- Enter the interest rate (% a year).
- Enter the loan tenure (years, max 25).
- 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), where r is the monthly rate and n the number of months.
Worked example
For example, with these inputs:
- Loan amount (S$): 275,000
- Interest rate (% a year): 2.6
- Loan tenure (years, max 25): 25
the calculator returns:
- Monthly instalment: S$1,247.59
- Total interest: S$99,277.34
- Total repaid: S$374,277.34
Repayment by tenure at 2.6%
| Tenure | Monthly instalment | Total interest |
|---|---|---|
| 10 years | S$2,604.95 | S$37,593.56 |
| 15 years | S$1,846.64 | S$57,395.89 |
| 20 years | S$1,470.67 | S$77,960.11 |
| 25 years | S$1,247.59 | S$99,277.34 |
Background
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.
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.
Frequently asked questions
How does the s$275,000 hdb loan repayment calculator work?
It applies this formula: Monthly instalment = P × r ÷ (1 − (1 + r)^−n), where r is the monthly rate and n the number of months.
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.