Mortgage Calculator Singapore: Monthly Instalments for a New Launch Condo
Work out your monthly instalment, maximum home loan and progressive payments for a new launch condo, with ready-made tables for LinkTown Residences-sized budgets and a free loan calculator.
A useful mortgage calculator in Singapore needs to answer three questions, not one: what will my monthly instalment be, how much will the bank actually lend me, and how do instalments change while a new launch is still being built? This page gives you a free calculator plus ready-worked tables for the budgets most people are looking at for LinkTown Residences (also searched as Hougang Central Residences), the integrated condo planned above Hougang MRT.
Mortgage calculator Singapore: estimate your monthly instalment
Enter the loan amount (not the property price), an interest rate and a tenure. The result is the fixed monthly instalment once the loan is fully drawn.
Maximum loan & affordability (TDSR)
Estimates for illustration only, based on published IRAS/MAS rules. Rates change; confirm with IRAS, your bank and your lawyer.
Three tips before you trust the number:
- Loan amount = price × LTV. For a first housing loan, the loan-to-value (LTV) limit is 75% of the purchase price or bank valuation, whichever is lower, if the tenure is 30 years or less and the loan ends by age 65. Otherwise it drops to 55%.
- The interest rate is an assumption. Rates move, and most packages reset after a lock-in. Always run a second scenario at 4%.
- Tenure matters more than people expect. Stretching from 25 to 30 years lowers the instalment but raises the total interest paid.
The same tool sits on the LinkTown Residences calculators page, alongside stamp duty and rental-yield calculators.
Instalment table for LinkTown Residences budgets
Prices below are illustrative only. They use analysts’ expected average of about S$2,500 psf and indicative sizes from the developers’ recent Parktown Residence. No official prices have been released. Each loan is 75% of the price over 30 years.
| Unit type (indicative size) | Illustrative price | 75% loan | 2.0% | 2.5% | 3.0% | 4.0% (stress test) |
|---|---|---|---|---|---|---|
| 1BR + Study (506 sq ft) | ~S$1.27m | S$952,500 | S$3,521 | S$3,764 | S$4,016 | S$4,547 |
| 2BR Premium (678 sq ft) | ~S$1.70m | S$1,275,000 | S$4,713 | S$5,038 | S$5,375 | S$6,087 |
| 3BR Premium (1,066 sq ft) | ~S$2.67m | S$2,002,500 | S$7,402 | S$7,912 | S$8,443 | S$9,560 |
| 4BR Premium (1,496 sq ft) | ~S$3.74m | S$2,805,000 | S$10,368 | S$11,083 | S$11,826 | S$13,391 |
Monthly instalments rounded to the nearest dollar. Interest rates of 2.0%, 2.5% and 3.0% are assumptions for illustration, not quotes. 4% is the stress-test rate used for private property under TDSR.
Shorten the tenure to 25 years and the two-bedroom example rises to about S$5,404 a month at 2.0%, or S$6,730 at 4%. For a closer look at pricing assumptions, see our LinkTown Residences price estimate.
Maximum home loan in Singapore: what your income supports
The bank will lend you the lower of two limits: the LTV limit above, and what your income supports under the Total Debt Servicing Ratio (TDSR). TDSR caps all your monthly debt repayments at 55% of gross monthly income, and the home loan is tested at 4% (or the loan’s “thereafter” rate if higher), not at the rate you actually pay.
| Gross monthly income (no other debts) | TDSR cap (55%) | Max loan, 30 years at 4% | Max loan, 25 years at 4% |
|---|---|---|---|
| S$8,000 | S$4,400 | ~S$921,600 | ~S$833,600 |
| S$10,000 | S$5,500 | ~S$1,152,000 | ~S$1,042,000 |
| S$12,000 | S$6,600 | ~S$1,382,400 | ~S$1,250,400 |
| S$15,000 | S$8,250 | ~S$1,728,100 | ~S$1,563,000 |
| S$20,000 | S$11,000 | ~S$2,304,100 | ~S$2,084,000 |
| S$25,000 | S$13,750 | ~S$2,880,100 | ~S$2,605,000 |
Other debts come straight off the cap. A household on S$10,000 a month with an S$800 car instalment has S$4,700 left for the mortgage, which cuts the 30-year maximum to about S$984,500. Variable income such as bonuses and commissions is also discounted: MAS requires banks to apply at least a 30% haircut.
Working backwards, here is the approximate gross monthly income needed to pass TDSR on each illustrative loan (30 years, no other debts): 1BR + Study ~S$8,270; 2BR ~S$11,070; 3BR ~S$17,380; 4BR ~S$24,350. Joint buyers can combine incomes, though banks may weight income by age for tenure purposes.
Progressive payment calculator: why early instalments are small
For an uncompleted condo you don’t draw the whole loan on day one. You pay 5% at the Option to Purchase and 15% on signing the Sale and Purchase Agreement, then a further 5% from cash or CPF before the bank starts paying. After that, the bank disburses each construction stage and you pay interest only on what has been drawn.
Here is how instalments build up on the S$1.70m two-bedroom example, assuming 2.5% and each drawn amount amortised over 30 years:
| Stage completed | Cumulative loan drawn | Approx. monthly instalment |
|---|---|---|
| Foundation | S$85,000 | S$336 |
| Reinforced concrete frame | S$255,000 | S$1,008 |
| Partition walls | S$340,000 | S$1,343 |
| Roofing | S$425,000 | S$1,679 |
| Doors, windows, wiring, plumbing | S$510,000 | S$2,015 |
| Car park, roads, drains | S$595,000 | S$2,351 |
| TOP (25%) | S$1,020,000 | S$4,030 |
| CSC (15%) | S$1,275,000 | S$5,038 |
Illustrative only. Actual bank practice on how each disbursement is amortised varies, and the timing of each stage depends on construction progress. Expected completion for LinkTown Residences is 2030/2031.
The jump at TOP is the one to plan for: in this example the instalment roughly doubles. Try your own figures with the payment calculator below, and read the full progressive payment scheme guide for the stage-by-stage schedule.
Progressive payment calculator
Estimates for illustration only, based on published IRAS/MAS rules. Rates change; confirm with IRAS, your bank and your lawyer.
What a home loan calculator doesn’t tell you
Any home loan calculator in Singapore, including ours, gives you a clean number. Real life adds a few things:
- Valuation shortfall. The loan is based on the lower of price and bank valuation. If the valuation comes in below your price, you top up the gap in cash. See bank valuation and shortfall.
- Rate resets. Fixed packages usually run two to three years, then move to a floating or “thereafter” rate. Budget for that, not just the teaser rate.
- Stamp duty and fees. Buyer’s Stamp Duty on S$1.70m is S$54,600, due soon after signing. Our stamp duty guide covers BSD and ABSD.
- CPF. You can service instalments from your CPF Ordinary Account, subject to limits. That changes cash flow, not the instalment itself. Read using CPF to buy a private condo.
- Running costs. Maintenance fees, property tax and insurance sit on top of the mortgage.
A simple checklist before you book
- Run the mortgage calculator at your expected rate and at 4%.
- Check your TDSR headroom, including car loans, credit cards and any guarantor obligations.
- Get a bank IPA, ideally from more than one bank.
- Map your cash and CPF for the 20% due within about eight weeks of the OTP, plus stamp duty.
- Plan for the TOP and CSC step-ups, especially if you are also selling an HDB flat.
Want indicative prices and unit sizes the moment LinkTown Residences releases them, so you can plug real numbers into these calculators? Register your interest and we’ll send updates, with no obligation.
All figures are estimates for illustration and assume the stated interest rates; they are not loan offers or financial advice. LTV, TDSR and CPF rules can change, so verify with MAS, CPF Board and your bank. Information as at Sep 2026.
