Optional extra payment on top of minimum
Monthly Payment
$4,004.99
Total Interest
$401,497.00
Total Repaid
$1,201,497.00
Most Singapore banks allow partial prepayments, but some charge a fee during the lock-in period (usually 1-3 years). After the lock-in, prepayments are typically free.
CPF OA earns 2.5% interest. If your mortgage rate is higher than 2.5%, using CPF makes sense. If your rate is lower, keeping CPF in your account earns more. Remember, CPF used must be refunded with 2.5% interest when you sell.
Maximum tenure is 30 years for private property (or age 65, whichever is earlier) and 25 years for HDB flats. Loans beyond 25 years have stricter LTV limits.
Note: This calculator gives estimates. Actual repayments depend on your bank's terms, rate changes, and any lock-in conditions.
Disclaimer: This calculator provides estimates based on current HMRC rates and thresholds for the 2025/26 tax year. It does not constitute professional tax, financial, or legal advice. Your actual liability may differ depending on your individual circumstances. Always consult a qualified accountant or tax adviser before making financial decisions. Read our terms
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