S$750,000 HDB Loan Repayment Calculator

How to use the s$750,000 hdb loan repayment calculator

1. Enter the loan amount (S$).
2. Enter the interest rate (% a year).
3. Enter the loan tenure (years, max 25).
4. The results update as you type, or press Calculate.
5. 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$): 750,000
• Interest rate (% a year): 2.6
• Loan tenure (years, max 25): 25

the calculator returns:

• Monthly instalment: S$3,402.52
• Total interest: S$270,756.39
• Total repaid: S$1,020,756.39

Repayment by tenure at 2.6%

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stamp duties and monthly instalments, but using CPF reduces the money compounding for retirement, and the amount withdrawn plus accrued interest must be refunded to your CPF account when you sell.

Frequently asked questions

Guides for this calculator

• S$750,000 Hdb Loan: Monthly Repayment and Total Interest