CPF Housing Calculator
Plan your Singapore property purchase with CPF - Calculate down payment, monthly instalments, and accrued interest
Your CPF Housing Summary
Monthly Payment
S$0
CPF: S$0 | Cash: S$0
Total CPF Used (Upfront)
S$0
Down payment + Stamp duty
Loan Amount
S$0
LTV: 0%
Total Interest Payable
S$0
Total: S$0
Payment Breakdown
Monthly Payment Source
CPF Usage Timeline
CPF Accrued Interest Projection
When you sell your property, you must refund CPF principal + accrued interest (2.5% p.a.) back to your CPF account.
| Year | CPF Used | Accrued Interest | Total to Refund |
|---|
Loan Tenure Comparison
| Tenure | Monthly Payment | Total Interest | Total Cost | Interest Savings |
|---|
Amortization Schedule
| Period | Payment | Principal | Interest | CPF Used | Cash Used | Balance |
|---|
Important CPF Housing Rules
- HDB Loan: Up to 80% LTV, can use 100% CPF for down payment (min 10% down)
- Bank Loan (HDB): Up to 75% LTV, need 5% cash + 15% CPF minimum
- Bank Loan (Private): Up to 75% LTV, need 5% cash + 20% CPF minimum
- Valuation Limit (VL): CPF usage capped at property valuation or purchase price, whichever is lower
- Withdrawal Limit: For private property, max 120% of VL (can use more if sufficient cash set aside)
- Basic Retirement Sum: Must have minimum sum in CPF before using additional OA for housing
Monthly Payment = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where:
P = Loan Principal
r = Monthly Interest Rate (Annual Rate / 12)
n = Total Number of Payments (Years × 12)
Accrued Interest = CPF Used × (1 + OA Rate)^Years - CPF Used
BSD (Buyer's Stamp Duty):
- First $180,000: 1%
- Next $180,000: 2%
- Next $640,000: 3%
- Next $500,000: 4%
- Next $1,500,000: 5%
- Remaining: 6%
Understanding CPF Housing Scheme
The CPF Housing Scheme allows Singapore citizens and Permanent Residents to use their CPF Ordinary Account (OA) savings to purchase residential properties. This calculator helps you plan your property purchase by showing how much CPF you can use and the long-term implications including accrued interest.
Types of Properties Eligible for CPF
- HDB Flats: New and resale flats from Housing & Development Board
- Executive Condominiums (EC): Hybrid between public and private housing
- Private Properties: Condominiums, apartments, landed properties with remaining lease of at least 20 years
CPF OA Usage for Different Property Types
- HDB with HDB Loan: Can use CPF for entire down payment (minimum 10%)
- HDB with Bank Loan: Minimum 5% cash, can use CPF for remaining 15%
- Private Property: Minimum 5% cash, can use CPF for remaining 20% of 25% down payment
Understanding Accrued Interest
When you use CPF for housing, the amount withdrawn would have earned 2.5% interest if left in your OA. This "opportunity cost" is the accrued interest. When you sell your property, you must refund:
- Principal CPF amount used for down payment and monthly payments
- Accrued interest at 2.5% per annum, compounded yearly
This ensures your retirement savings are protected and continue to grow even while being used for housing.
Tips for CPF Housing
- Consider paying more in cash if you can afford it to reduce accrued interest
- Shorter loan tenure means less total interest but higher monthly payments
- Refinancing your loan later can help if interest rates drop
- Make sure you have sufficient CPF savings for retirement before maximizing housing use