Can I afford a house up to $2.4 million with a $17,000 monthly combined income?

With a combined monthly income of $17,000, you can estimate your affordability based on the Total Debt Servicing Ratio (TDSR) and the Loan-to-Value (LTV) ratio.

Assuming you have no other debt obligations, here’s a simplified breakdown:

- The TDSR limits your total debt servicing to 55% of your gross monthly income. For $17,000, this would be $9,350 per month.
- Using a typical loan tenure and interest rate, the maximum loan amount you can afford would be around $1.8 million to $2 million, depending on the specific calculations.
- With a 75% LTV ratio, you would need to pay 25% of the property price in cash or using your CPF.

Given these parameters, you could potentially afford a property priced up to approximately $2.4 million, but this is highly dependent on your individual financial situation, including any other debt obligations and the specific loan terms you qualify for.

For a more accurate assessment, you can use the Affordability Calculator on EdgeProp Singapore to input your specific details and get a tailored estimate.