Tools

Start from the question you actually have. Every answer is free with no email required; longer reports can be emailed after you have read them. Every figure shows the rate it used and when that rate was last checked.

What are you trying to work out?

Choose the sentence that is true now. The next page gives you three useful starting points—not the entire catalogue.

Four short calculatorsGet a quick answer from one figureSelling dates, borrowing, stamp duty and loan interest

Each has its own link, so you can send someone straight to the answer rather than to this page.

You will get: Total interest, and how little of an early instalment touches what you borrowed.

Monthly repaymentS$2,212

48% of your first payment goes to interest.

Interest over the whole loanS$175,992

S$663,492 paid in total against S$487,500 borrowed — you repay 1.36× what you took.

If the rate were one percentage point higher
At 3.60% a year, the scheduled payment would be S$2,467 a month — S$255 more, before optional extra payments. This compares the same loan and term at two constant rates.
What the calculation assumes
The rate stays at 2.6% for the full term. Extra payments reduce the balance each month. Repricing, fees and prepayment charges are excluded; check your loan package before relying on the saving.
See the year-by-year repayment schedule

Interest, principal repaid and the balance at each year end. Amounts are rounded for display.

YearTo interestTo the loanStill owing
1S$12,509S$14,031S$473,469
2S$12,139S$14,400S$459,069
3S$11,760S$14,779S$444,289
4S$11,372S$15,168S$429,121
5S$10,973S$15,567S$413,554
6S$10,563S$15,977S$397,578
7S$10,143S$16,397S$381,180
8S$9,711S$16,829S$364,352
9S$9,268S$17,271S$347,080
10S$8,814S$17,726S$329,355
11S$8,347S$18,192S$311,162
12S$7,869S$18,671S$292,492
13S$7,378S$19,162S$273,329
14S$6,873S$19,666S$253,663
15S$6,356S$20,184S$233,479
16S$5,825S$20,715S$212,764
17S$5,280S$21,260S$191,504
18S$4,720S$21,819S$169,685
19S$4,146S$22,393S$147,291
20S$3,557S$22,983S$124,309
21S$2,952S$23,587S$100,721
22S$2,332S$24,208S$76,513
23S$1,695S$24,845S$51,668
24S$1,041S$25,499S$26,170
25S$370S$26,170S$0

Source: your loan amount, rate, term and extra payment. Monthly amortisation, with the same rate throughout the term. Figures rounded to the nearest dollar.

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