Explore your detailed monthly mortgage repayment schedule and discover potential savings on your home loan
Start date Estimated mortgage payoff date —. Amounts are rounded to the nearest dollar. Disclaimer: This Report was generated for general guidance and informational purposes only and makes no representation that it is accurate or complete. This Report is under no circumstances intended to be used or considered as financial or investment advice. You should not place undue reliance on this report which will depend on numerous factors, and you must make an independent assessment based upon your own financial objectives and financial resources. The contents of this Report are not to be construed as legal, financial or investment advice. You should consult with your legal, financial and/or investment advisor(s) before making any decision.Mortgage Repayment Calculator
Mortgage Repayment Schedule
Construction payment stages
Stage Payment Cash / CPF Bank loan Monthly repayment Date Interest rate Beginning principal Monthly instalment Interest paid Principal paid Ending principal
Your monthly mortgage repayment depends on your outstanding loan amount, interest rate, and loan tenure. You can use IQrate’s Mortgage Repayment Calculator to estimate your monthly instalments and understand how much you may pay in interest over the loan period.
In Singapore, the Total Debt Servicing Ratio (TDSR) generally limits your total monthly debt repayments to 55% of your gross monthly income. The Mortgage Servicing Ratio (MSR) also limits mortgage repayments to 30% of gross monthly income for applicable HDB and executive condominium purchases. These are regulatory limits.
A higher interest rate generally increases your monthly mortgage repayment and total interest costs. A lower interest rate can reduce both, assuming your outstanding loan amount and remaining tenure remain unchanged.
A longer loan tenure typically results in lower monthly repayments but higher total interest costs. A shorter tenure increases your monthly instalments but helps you repay your mortgage faster and save on interest.
Yes. Eligible homeowners in Singapore can use their CPF Ordinary Account (OA) savings to pay monthly mortgage instalments for HDB flats and private properties, subject to applicable CPF housing withdrawal limits and requirements.
Using CPF reduces your immediate cash expenses, while paying with cash allows your CPF savings to continue earning interest for retirement. You can also use a combination of CPF and cash, depending on your financial needs and eligibility.
Your monthly mortgage instalment consists of two components: principal, which reduces your outstanding loan balance, and interest, which is the cost of borrowing. For a typical reducing-balance home loan, the interest portion generally decreases as you repay the principal.
Yes, if you have a floating-rate home loan, your monthly repayments may increase or decrease when the applicable interest rate changes. Fixed-rate packages provide repayment stability during the agreed fixed-rate period, although rates may change afterwards.
Yes. Refinancing to a lower interest rate could reduce your monthly repayments and total interest costs. However, you should also consider legal fees, valuation fees, cashback benefits, and any existing lock-in penalties to determine whether refinancing offers actual savings.
Yes. Making partial lump-sum repayments reduces your outstanding loan principal and can lower your total interest costs. However, some bank loan packages may impose prepayment penalties, especially during the lock-in period.
HDB concessionary loans currently carry an interest rate of 2.6% per annum for October–December 2026, while bank loan interest rates depend on the selected package. Bank loans may offer lower initial interest rates, but their repayments can change depending on the package and rate adjustments.
