Calculator
HDB to Condo — What Can You Afford?
Selling your HDB? See the maximum condo price your finances support. Factors in TDSR, LTV, CPF clawback, and cash requirements.
Quick answer: A household earning $10,000/month with no other debts can borrow up to approximately $880,000 (TDSR at 4% stress test, 25-year tenure). With 25% down, that supports a condo up to ~$1.17M. Your actual number depends on CPF clawback from your HDB sale, existing debts, and how much cash you walk away with.
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Key Rules
| Rule | Limit |
|---|---|
| TDSR | 55% of gross monthly income |
| Stress test rate | 4% (MAS requirement) |
| LTV (1st property, tenure ≤ 30y) | 75% |
| LTV (2nd property) | 45% |
| Cash down (minimum) | 5% of purchase price |
| Max loan tenure | 35 years (age + tenure ≤ 75) |
| CPF clawback on HDB sale | Principal + 2.5% accrued interest (goes back to OA) |
Sources: MAS, CPF Board.
FAQ
How much condo can I afford after selling my HDB?
It depends on four things: your net cash from HDB sale (sale price minus loan minus CPF refund), your income (TDSR limits your loan), your age (affects loan tenure and LTV), and your CPF OA balance. This calculator factors all of them.
What is TDSR and how does it affect my loan?
TDSR (Total Debt Servicing Ratio) caps your total monthly debt payments at 55% of gross income. Banks must use a 4% stress test rate — not the actual rate — when calculating your maximum loan. This is usually the binding constraint.
How much CPF do I need to refund when selling my HDB?
You must refund all CPF used for the flat (principal + accrued interest at 2.5% p.a.) back to your CPF OA. Check your CPF statement for the exact amount. This reduces the cash you walk away with.
What is the minimum cash down payment for a condo?
Minimum 5% of the purchase price must be paid in cash. The next 20% can come from CPF OA. The remaining 75% (max) is the bank loan.
Does MSR apply when buying a condo?
No. MSR (30% cap) only applies to HDB flats and Executive Condominiums. For private condos, TDSR (55% cap) is the binding ratio.
Related Tools & Guides
- CPF Accrued Interest Calculator — calculate your exact CPF clawback amount
- Stamp Duty Calculator — BSD + ABSD for your target condo
- What Salary Do You Need for a Condo? — income benchmarks at every price point
- Should You Upgrade from HDB to Condo? — the 3-test framework before committing
Last updated Feb 2026. Rules from MAS and CPF Board. This is an estimate — not financial advice.