S$775,000 HDB Loan Repayment Calculator

How to use the s$775,000 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$): 775,000
• Interest rate (% a year): 2.6
• Loan tenure (years, max 25): 25

the calculator returns:

• Monthly instalment: S$3,515.94
• Total interest: S$279,781.60
• Total repaid: S$1,054,781.60

Repayment by tenure at 2.6%

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.

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

Guides for this calculator

• S$775,000 Hdb Loan: Monthly Repayment and Total Interest