How Much HDB Resale Flat Can You Afford Earning $9,000 a Month?
Up to $754,060 resale flat
Max affordable price
$754,060
Max bank loan
$565,545
Total grants
$115,000
Min cash required
$37,703
A first-timer family earning $9,000 a month combined, with $500 in other monthly debts, $60,000 in CPF OA, and $40,000 cash, can afford a resale flat priced up to roughly $754,060 on a 30-year bank loan — limited by MSR at 35.6% of income.
Grants add up to $115,000: a CPF Housing Grant for a larger resale flat plus a Proximity Housing Grant for living near family, on top of the $565,545 maximum loan available under the bank's stress-test rate.
Because this is a bank loan, the calculator also enforces the minimum 5% cash requirement, which comes to roughly $37,703 at this price point.
Frequently Asked Questions
Why use a bank loan instead of an HDB loan for this scenario?+
At $9,000 combined income, this household exceeds the HDB loan income ceiling, so a bank loan (assessed under both MSR and TDSR, at the MAS stress-test rate) is the applicable financing path.
Does this household qualify for CPF Housing Grants on a resale flat?+
Being first-timers buying a resale flat, this estimate includes the CPF Housing Grant for a larger flat plus a Proximity Housing Grant for living near (not with) parents or children.