Downpayment Calculator (2026)
Calculate the minimum cash and CPF downpayment required for HDB flats and private property in Singapore.
What is the Downpayment Calculator?
This calculator determines the minimum cash and CPF downpayment you need for a Singapore property purchase. The downpayment depends on the Loan-to-Value (LTV) ratio. Both HDB concessionary loans and bank loans on first property are capped at 75% LTV (HDB was lowered from 80% on 20 Aug 2024 to align with banks). LTV drops for subsequent property loans.
Result updates as you type
Total Downpayment
$125,000.00
HDB Flat · HDB Loan · 75% LTV
Min Cash
$0.00
CPF Usable
$125,000.00
Est. BSD
$9,600.00
Loan amount: $375,000.00
Total upfront (down + BSD): $134,600.00
Disclaimer
This calculator provides estimates and should not be viewed as a prediction. Actual stamp duty, grant amounts, loan eligibility, and monthly payments may vary due to changing interest rates, policy changes, and individual eligibility. It is not intended to be your sole source of financial guidance.
Rates last verified: 4 Apr 2026.
Verify with HDB (https://www.hdb.gov.sg). Full disclaimer at smartcalculator.sg/disclaimer.
Quick Reference
- • HDB loan: 20% downpayment, entire amount can be from CPF OA (no cash required)
- • Bank loan (1st property): 25% downpayment, minimum 5% must be cash
- • Bank loan (2nd property): 55% downpayment, minimum 25% must be cash
- • Stamp duty (BSD/ABSD) is payable separately on top of the downpayment
Who This Calculator Is For
Whether you're a first-timer, upgrader, or investor, downpayment requirements differ significantly based on your loan type and number of properties owned.
First-Time HDB Buyers
HDB loan buyers need only 25% downpayment, and the full amount can come from CPF OA — no cash required upfront.
- •HDB loan LTV: 75% (downpayment = 25%)
- •Minimum cash: $0 — full downpayment can be CPF OA
- •Eligible for: EHG, CPF Housing Grant, Proximity Grant
- •Income ceiling: $14,000/month for new flat purchases
Private Property Buyers
Bank loan buyers for private property must put down 25% with at least 5% in cash; second property requires 55% downpayment.
- •Bank loan LTV (1st property): 75% (downpayment = 25%)
- •Minimum cash (1st property): 5% of purchase price
- •Bank loan LTV (2nd property): 45% (downpayment = 55%)
- •Minimum cash (2nd property): 25% of purchase price
CPF-Dependent Buyers
Buyers relying heavily on CPF OA savings should check Valuation Limit rules and ensure sufficient OA balance before committing.
- •CPF OA can cover: downpayment, stamp duty (BSD), legal fees
- •Valuation Limit: CPF use capped at lower of price or valuation
- •Withdrawal limit: linked to remaining CPF Life BRS
- •Check OA balance: before signing OTP to avoid cash shortfall
Upgraders with Outstanding Loans
If you have an existing property loan, your LTV drops to 45%, requiring a 55% downpayment — plan the sequencing of your sale and purchase carefully.
- •Existing loan LTV: 45% max for new property loan
- •Cash needed: at least 25% of new property price
- •Consider decoupling: to avoid ABSD and higher LTV
- •Bridging loan: may help cover gap between sale proceeds and purchase
How Downpayment Works in Singapore
The downpayment amount depends on two factors: the Loan-to-Value (LTV) ratio and the type of loan you take. A lower LTV means a higher downpayment.
For HDB concessionary loans, you can borrow up to 75% LTV (lowered from 80% on 20 Aug 2024), so the downpayment is 25% — and it can be fully paid from CPF OA with no cash minimum. For bank loans on any property, the LTV is also 75% for the first loan, but at least 5% must be in cash with the remaining 20% in cash or CPF.
If you have an existing property loan, the LTV drops further to 45%, meaning 55% downpayment with at least 25% in cash. This significantly impacts affordability for second property purchases.
HDB Loan
LTV
75%
Downpayment
25%
Min. cash
$0
CPF allowed
100%
Bank Loan (1st Property)
LTV
75%
Downpayment
25%
Min. cash
5%
CPF allowed
20%
Bank Loan (2nd Property)
LTV
45%
Downpayment
55%
Min. cash
25%
CPF allowed
30%
Downpayment by Loan Type and Property Count
How much you need to put down varies significantly depending on your loan type and how many properties you currently own.
| Scenario | LTV | Downpayment | Min. Cash | CPF Allowed |
|---|---|---|---|---|
| HDB Loan (1st flat) | 75% | 25% | $0 | 25% |
| Bank Loan (1st HDB flat) | 75% | 25% | 5% | 20% |
| Bank Loan (1st private) | 75% | 25% | 5% | 20% |
| Bank Loan (2nd property) | 45% | 55% | 25% | 30% |
| Bank Loan (3rd+ property) | 35% | 65% | 25% | 40% |
Frequently Asked Questions
How much is the minimum downpayment for private property in Singapore?expand_more
For your first property loan, the minimum downpayment is 25% of the purchase price (based on 75% LTV). At least 5% must be paid in cash, and the remaining 20% can be paid from CPF OA or additional cash. For a second property loan with 45% LTV, the downpayment is 55% — with at least 25% in cash.
What is the downpayment for an HDB flat with an HDB loan?expand_more
With an HDB concessionary loan (75% LTV, aligned with bank loans since 20 Aug 2024), the minimum downpayment is 25% of the purchase price. The entire 25% can be paid using CPF OA savings — no cash is required upfront. This is a key advantage of HDB loans over bank loans for HDB purchases.
What is the downpayment for an HDB flat with a bank loan?expand_more
With a bank loan for an HDB flat (75% LTV), the minimum downpayment is 25% of the purchase price. At least 5% must be in cash, and the remaining 20% can be from CPF OA. For a $500,000 flat, that means $25,000 cash and $100,000 from CPF or cash.
Can I use CPF to pay for the full downpayment?expand_more
For HDB loans, yes — the full 20% downpayment can come from CPF OA. For bank loans on HDB or private property, you must pay at least 5% in cash. The remaining downpayment amount beyond the 5% cash portion can be paid from CPF OA. Remember that CPF usage is subject to the Valuation Limit.
Does stamp duty count as part of the downpayment?expand_more
No, stamp duty (BSD and ABSD) is separate from the downpayment. Stamp duty must be paid in addition to your downpayment, typically within 14 days of signing the Sale & Purchase Agreement. BSD can be paid from CPF OA, but ABSD for second and subsequent properties must be paid in cash.
Sources
- • MAS — LTV limits and cash downpayment requirements (mas.gov.sg)
- • HDB — HDB loan downpayment and CPF usage rules (hdb.gov.sg)
- • CPF Board — CPF OA withdrawal limits for housing (cpf.gov.sg)