Answer a few simple questions about your income, risk appetite, and property plans and get a personalised mortgage recommendation. The wizard analyses TDSR, MSR, LTV, and rate sensitivity to suggest the optimal loan structure for your situation.
What This Calculator Does
Answer a few simple questions about your income, risk appetite, and property plans and get a personalised mortgage recommendation. The wizard analyses TDSR, MSR, LTV, and rate sensitivity to suggest the optimal loan structure for your situation.
You can find this calculator in the Calculators tab on ShiokNest. It updates results instantly as you adjust inputs — no waiting, no page reloads.
Why This Matters
What You Will Discover
After running this calculator with your personal numbers, you will know:
Key Inputs Explained
Here are the inputs you will configure, along with their default values. Each default is calibrated to a realistic Singapore condo scenario so you can explore results immediately.
| Field | Description | Default Value |
|---|---|---|
| Gross Monthly Income | Your total monthly income before tax. | - |
| Property Type | Private property, HDB, or Executive Condo. | - |
| Purchase Price | The total property price before additional costs. | $1,500,000 |
Step-by-Step Guide
- 🏠 Navigate to Calculators — Click the "Calculators" tab in the ShiokNest navigation bar. All 47 calculators are grouped by purpose for easy access.
- 🔍 Select the calculator — Choose "How to Use the Mortgage Recommender" from the calculator list. You will see default values already loaded so you can explore immediately.
- ✏️ Enter your values — Replace the defaults with your own numbers. The key fields are:
- Gross Monthly Income — Your total monthly income before tax.
- Property Type — Private property, HDB, or Executive Condo.
- Purchase Price — The total property price before additional costs.
- 📊 Review the results — The calculator updates instantly as you change any input. Key results are displayed in KPI cards and charts that update as you adjust inputs.
- 🔄 Run what-if scenarios — This is where the real power lies. Change one variable at a time to see its impact. For example, try increasing the interest rate by 1% or extending your holding period by 5 years. Note how the results shift.
- 💾 Compare and decide — Run 2-3 different scenarios and note the results. This gives you a range of outcomes to base your decision on, rather than relying on a single projection.
Worked Example
Real-World Scenarios to Try
Here are some realistic scenarios you can plug into the calculator right now. Each one reflects a common situation Singapore property buyers face.
| Scenario | Settings to Try | What You Will Learn |
|---|---|---|
| Conservative first-timer | Income: $8K, Low risk, Private | Recommended loan structure with maximum buffer against rate shocks |
| Aggressive investor | Income: $15K, High risk, Private | Maximum leverage strategy with higher risk tolerance |
| HDB buyer | Income: $6K, Moderate risk, HDB | Whether HDB loan or bank loan is recommended for your income |
Expert Tips and Common Pitfalls
💡 Pro Tips
- Use realistic assumptions — Singapore condo appreciation has historically averaged 2-4% per year. Avoid overly optimistic projections. When in doubt, use 3% as a baseline.
⚠️ Common Pitfalls
🤔 What-If Scenarios to Explore
Get the most value from this calculator by testing these scenarios:
- Run at least 3 scenarios — best case, base case, and worst case — to understand the full range of outcomes.
Related Calculators
Your property journey involves many interconnected decisions. These calculators work hand-in-hand with this one:
- How to Check TDSR and MSR Affordability
- How to Use the Mortgage Calculator
- How to Find Your Maximum Affordable Property Price
Ready to Crunch Your Numbers?
Answer a few questions about your income and goals. The wizard analyses all constraints and recommends the optimal loan structure — so you can walk into the bank prepared.
Official Sources
This how-to guide is auto-generated using ShiokNest's calculator defaults. All worked examples use default values — adjust inputs to match your personal scenario for accurate results.