S$700,000 HDB Loan Repayment Calculator
Monthly instalment and total interest on a S$700,000 HDB concessionary loan.
Result
- Monthly instalment
- S$3,175.69
- Total interest
- S$252,705.97
- Total repaid
- S$952,705.97
How to use the s$700,000 hdb loan repayment calculator
- Enter the loan amount (S$).
- 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$): 700,000
- Interest rate (% a year): 2.6
- Loan tenure (years, max 25): 25
the calculator returns:
- Monthly instalment: S$3,175.69
- Total interest: S$252,705.97
- Total repaid: S$952,705.97
Repayment by tenure at 2.6%
| Tenure | Monthly instalment | Total interest |
|---|---|---|
| 10 years | S$6,630.77 | S$95,692.71 |
| 15 years | S$4,700.55 | S$146,098.62 |
| 20 years | S$3,743.52 | S$198,443.93 |
| 25 years | S$3,175.69 | S$252,705.97 |
Background
Beyond the price, buyers should budget for legal fees, valuation, home insurance, renovation and furnishing. Running the figures in advance helps you decide how much cash to hold back and whether a smaller loan or longer tenure makes more sense.
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.
Frequently asked questions
How does the s$700,000 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.