How Much HDB BTO Flat Can You Afford Earning $6,000 a Month?
Up to $529,019 BTO flat
Max affordable price
$529,019
Max HDB loan
$396,765
EHG grant
$75,000
Monthly payment
$1,800
A first-timer family household earning $6,000 a month combined, with $40,000 in CPF OA and $20,000 cash, can afford a BTO flat priced up to roughly $529,019 on a 25-year HDB loan — limited by MSR at 30.0% of income.
That works out to an HDB loan of up to $396,765 at the current HDB loan rate, plus an estimated $75,000 in Enhanced Housing Grant since this household is a first-timer under the EHG income ceiling.
The monthly mortgage payment at this price comes to roughly $1,800, well within the 30% MSR cap HDB applies to this loan.
Frequently Asked Questions
Why does MSR limit this loan instead of TDSR?+
HDB loans are assessed against the Mortgage Servicing Ratio (MSR), capped at 30% of income — TDSR only applies when financing with a bank loan.
Is this household eligible for the Enhanced Housing Grant?+
At $6,000 combined monthly income, a first-timer family is under the $9,000 EHG income ceiling, so this estimate includes an EHG grant tier based on that income band.