You can use EdgeProp's
Affordability calculator to calculate your affordability for your dream home!
With a monthly income of $12,000, under the TDSR (Total Debt Servicing Ratio) rule, you can use up to 55% of your monthly income, which is $6,600, to service all debts including property loans. The actual amount you can borrow will also depend on your existing debts, loan tenure, and interest rates.
If you are considering an HDB loan, your income is below the $14,000 ceiling for families, so you are eligible. The maximum loan amount and monthly repayment will also depend on the loan type, property type, and other eligibility criteria.
For a more accurate calculation of your property affordability and costs, use the
Affordability calculator.
