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, which varies between HDB loans (80% LTV) and bank loans (75% LTV for first property), as well as whether it is your first or subsequent property loan.
Enter purchase details to calculate your downpayment breakdown.
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
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 loans, you can borrow up to 80% LTV, so the downpayment is 20% — and it can be fully paid from CPF OA. For bank loans on any property, the LTV is 75% for the first loan, requiring 25% down with a minimum 5% in cash.
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
80%
Downpayment
20%
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%
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 (80% LTV), the minimum downpayment is 20% of the purchase price. The entire 20% 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)