Calculator ยท Private homes
Progressive payment calculator for private homes
Private homes sold before completion are paid for in stages tied to the building work, under the standard schedule in the Housing Developers Rules. This calculator lays out those stages for a condominium or other private home: what you pay from cash and CPF, when the bank begins to release money, and how repayments build up stage after stage. The interest rate opens at 1.50% a year and the price at an illustrative figure; change both to suit your case.
Illustrative figure, enter your own price.
Past 30 years, or past age 65, the LTV band drops.
Where the money comes from
| Part | % | Sum |
|---|
This split presumes repayment finishes by 65; ending later shrinks the LTV band.
Duties and early costs
What the bank releases at each stage, and the monthly bill
Scroll the table sideways on a phone
| Stage | Bank pays now (% of price) | Sum released | Milestone | Monthly bill (est.) | of which interest | of which principal |
|---|
How to read it. The bank's share starts only after your own money is used up, so its first payment can be smaller than the stage percentage: at 75% LTV your 25% covers the early stages and the bank pays just the 5% left at foundations. The released sums total the loan, not the price, and each month's bill is worked out on what has been released so far, over the whole term. Rates follow IRAS and MAS as at October 2026; your bank's letter of offer and the sale and purchase agreement are what bind.
How the schedule works
You pay 5% to secure the option, then another 15% inside eight weeks. The bank's money starts only after your own share is used up, which is why its first release can be smaller than the stage percentage. Each month's instalment is worked out on the amount released so far, over the full loan term.
BSD, ABSD where relevant and conveyancing appear on their own lines, because they are paid at the start rather than spread across the stages.
Related tools
The progressive payment scheme guide walks through every stage and its share of the price. Use the home loan and TDSR calculator first to see what you can borrow, and the private home stamp duty calculator to check the duty on its own. An executive condominium follows a different calculation, covered by the EC progressive payment calculator.
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