When purchasing a new HDB flat or Executive Condominium (EC) in Singapore, the buyer's loan payment is subject to the threshold of Mortgage Servicing Ratio (MSR). MSR is capped at 30% of all borrowers' gross monthly income. Calculation of MSR is based on loan amount and combined monthly gross income.
Use this MSR calculator, you can estimate:
- the maximum loan amount (aka mortgage affordability)
- the maximum EC property price.
- This calculator is for EC only. For condo, use the TDSR-based calculator.
- Refer to The Complete Guide on Financing an EC or Condo.