Mortgage Calculator - Find the Best Mortgage Rates in 2023
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New Mortgage Loan
Monthly Repayment
S$_____
Refinance Mortgage Loan
Monthly Repayment (Existing)
S$_____
Monthly Repayment (New)
S$_____
Total debt servicing ratio
Gross Income:-
Current Monthly Debt Obligatios:-
Current Monthly Debt Obligatios:-
Summary
Gross Income
S$_____
55% TDSR Limit
S$_____
Debt Obligations
S$_____
Available for mortgage servicing
S$_____
Financial Health Check
Personal Income Statement
Income
Expenses
Balance Sheet
Cash and Cash Equivalent
Investment Assets
Personal Assets
Liabilities
Liquidity Ratio (L)
| No. | Ratio | Formula | Ratio (%) | Benchmark | Remark |
|---|---|---|---|---|---|
| 1 | Basic Liquidity Ratio | Cash/ Expense | > 6 months | ||
| 2 | Liquid Asset to Net Worth | Cash / Net Worth | > 15% |
Financial Stability Ratio (F)
| No. | Ratio | Formula | Ratio (%) | Benchmark | Remark |
|---|---|---|---|---|---|
| 1 | Debt to Asset | Total Liabilities / Total Assets | < 50% | ||
| 2 | Debt Servicing Ratio | Debt Repayment / Total Income | < 35% | ||
| 3 | Non-mortgage Debt Service Ratio | Non-mortgage Debt Payment / Total Income | < 15% |
Investment Ratio (I)
| No. | Ratio | Formula | Ratio (%) | Benchmark | Remark |
|---|---|---|---|---|---|
| 1 | Savings Ratio | Savings / Total Income | > 20% | ||
| 2 | Investment Ratio | Investment Asset / Net Worth | > 50% | ||
| 3 | Regular Investment Ratio | Regular Investment / Total Income | > 10% |
Get in touch
enquiry@scpower.sg
9796 3777
Great World City Office East Tower, 1 Kim Seng Promenade #12-06, Singapore 237994