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Resale condo calculator

For completed private homes: your maximum loan, the 1% + 4% option and exercise fees, stamp duties, cash over valuation, cash and CPF needed at completion, and your monthly instalment and amortisation.

Rules from MAS, IRAS, HDB, MND and the Housing Developers Rules, as at 24 September 2026.

Buyers

Buyer 1

years
$

Gross, before CPF

$

Average bonus/commission; banks count 70%

$

Buyer 2

years
$

Gross, before CPF

$

Average bonus/commission; banks count 70%

$
Money and commitments
$

Combined savings you can put in

$

Car, personal, renovation, credit cards

Residential, incl. HDB (for ABSD)

At the time of this purchase (for LTV)

The property
$
$

Loans use the lower of price and valuation

$

Estimate: conveyancing, valuation

The timeline starts here

The loan
% p.a.

Assessed at 4% minimum for eligibility

years

Set from the buyers' age (income-weighted average). Type to change.

$

Savings or investments on top of the cash above, placed with the bank for 4 years. Each $48,000 counts as $1,000 a month of income for TDSR.

$

Savings or investments on top of the cash above that you keep but show the bank. Counted at 70%, spread over 48 months (the MAS minimum haircut). For shares, bonds or unit trusts, some banks cut more or count only certain assets: check with the bank.

$

Leave at 0 for the maximum

Selling your current home?

Loan and cash summary

75% loanThe most you can borrow on this price (loan-to-value limit)
$1,012,500
Loan eligibilityYour income supports the full 75% loan
$1,537,969 (114%)

To qualify for the 75% loan

Pledging amount
Not needed
Show funds amount
Not needed

Cash

Total cash needed (property purchase)Downpayment, stamp duty and fees, after using $200,000 of CPF · you have $250,000
$179,100
Maximum loan you qualify for
$1,012,500
Bank loan · limited by LTV · 30 yrs
Maximum price you can afford
$1,591,000
With your income, cash and CPF · loan $1,193,250 (limited by LTV)
Monthly instalment
$4,160
at 2.80% · $4,834 at the 4.0% test rate
Cash needed upfront
$179,100
of $250,000 available
CPF used upfront
$200,000
of $200,000 available

Loan eligibility

TDSR (all debts)36.2% of 55.0% limit

Assessable income $13,350/month · income-weighted age 32.1 · loan-to-value 75% (cap $1,012,500) · TDSR cap $1,537,969

Costs and funding

Purchase price$1,350,000
Loan$1,012,500
Downpayment$337,500
Buyer's Stamp Duty$38,600
Additional Buyer's Stamp Duty (0%)$0
Legal and other fees (estimate)$3,000
Total upfront (excl. loan)$379,100

Timeline

When each payment falls due, and how much comes from cash, CPF and the loan. Each grey bar is the full purchase price; the coloured part is this payment's share of it.

  • Cash $179,100 in total
  • CPF $200,000 in total
  • Loan $1,012,500 in total

  1. 8 Nov 2026

    Option fee (Option to Purchase)

    $13,5001% of price

    Cash $13,500

    Cash · typically 1%

  2. 22 Nov 2026

    Exercise the option

    $54,0004% of price

    Cash $54,000

    Cash · typically 4%

  3. 6 Dec 2026

    Buyer's Stamp Duty (BSD)

    $38,6003% of price

    CPF $38,600

    Payable within 14 days; CPF can be used (via your lawyer)

  4. 6 Dec 2026

    Legal and other fees (estimate)

    $3,000under 1% of price

    CPF $3,000

    Conveyancing, valuation, etc. CPF can pay part of legal fees

  5. 17 Jan 2027

    Completion: balance downpayment + loan

    $1,282,50095% of price

    Cash $111,600CPF $158,400Loan $1,012,500Monthly instalment from here $4,160

    Keys handed over

Amortisation (30 years · $485,210 total interest)
YearInterestPrincipalBalance
1$28,071$21,853$990,647
2$27,451$22,472$968,175
3$26,814$23,110$945,065
4$26,158$23,765$921,300
5$25,484$24,439$896,860
6$24,791$25,132$871,728
7$24,078$25,845$845,883
8$23,345$26,578$819,304
9$22,592$27,332$791,972
10$21,816$28,107$763,865
Notes, assumptions and sources (rules as at 24 September 2026)
  • Loan tenure set to 30 years: the longest that ends by age 65 (income-weighted average age 32) and keeps the full loan-to-value.
  • CPF can be used for the downpayment (beyond the minimum cash), BSD, legal fees and monthly instalments, subject to CPF's Valuation Limit, Withdrawal Limit and remaining-lease rules. ABSD, option fees and any cash over valuation must be paid in cash.
  • Private resale option and exercise fees (1% + 4%) and a 10-week completion are market convention, agreed between buyer and seller.

For planning only; not a loan offer or financial advice. Banks, HDB and CPF make the final assessment. Rules change; we check them regularly.

Common questions

What are the option and exercise fees for a resale condo?

By market convention you pay a 1% option fee for the Option to Purchase, then exercise within about 14 days by paying a further 4%. Both are cash. The balance downpayment and loan are paid at completion, typically 10 to 12 weeks later. Stamp duty is due within 14 days of exercising.

What is cash over valuation (COV)?

If you pay more than the bank's valuation, the difference must be paid in cash, and the loan and CPF use are based on the lower valuation. The calculator adds any COV to the cash you need upfront.

How much Buyer's Stamp Duty do I pay?

BSD is tiered on the price or market value, whichever is higher: 1% on the first $180,000, 2% on the next $180,000, 3% on the next $640,000, 4% on the next $500,000, 5% on the next $1.5 million and 6% above $3 million. It can be paid with CPF.

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