CPFB | Budget for my home

Budget for my home

Your CPF savings work double duty behind the scenes by supporting your home ownership dreams while building your retirement nest egg. By keeping your retirement in view even as you plan for your home, you're creating a stronger financial foundation for your future.

Housing Heartland

Make informed budgeting decisions

Consider choosing a property priced within 5 years of your combined annual income. This approach helps you maintain a healthy balance between your home aspirations and other life goals.

Keep your Mortgage Servicing Ratio (MSR) within 25%

MSR is the percentage of your gross monthly income used to repay property loans, including the one you're applying for.

Keeping it within 25% helps ensure you have enough cash for your other expenses.

Set aside 3 to 6 months of expenses for emergencies

This safety buffer isn't just about preparing for the unexpected; it's your springboard to pursue what matters, knowing you're standing on solid ground.

Use more cash to finance your home

Consider using more cash to pay for your home and retaining $20,000 in your OA.

This serves as a reliable backup fund for loan payments while letting your savings grow at up to 3.5% interest per annum, supporting both your current needs and future retirement journey.

Start planning today

Home Purchase Planner

As a savvy homeowner with a future-proof plan, use the Home Purchase Planner to make housing decisions while keeping other financial goals on track.

Let's start

Retirement Payout Planner

With your home financing settled, use the Retirement Payout Planner to set up and review what your monthly retirement payouts could look like.

Let's start

Make a cash top-up

Boost your future payouts with cash top-ups today. Every dollar you add helps secure those key life milestones ahead.

Top up now

Smart budgeting tips to build a home

Join Diana from the Outreach and Partnerships Department, CPF Board, along with CPF member Lionel as they share practical home budgeting tips. Learn how to manage your short- and long- term expenses, and plan for your shared future with ease.

Learn how this couple effectively manage their housing budget together

A smart guide to home purchase in Singapore: What to budget for

Ready to buy your dream home without compromising your future? See how this couple made smart trade-offs, ensuring their home purchase fits both their budget and retirement plans. Let the CPF Home Purchase Planner guide your budget decisions.

Find out how

Looking to explore more resources?

Give your future the star treatment it deserves. Make use of Plan Life Ahead, Now! (PLAN) with CPF, a one-stop portal empowering you to take charge of your financial journey and build a strong foundation with CPF at every life stage, via a suite of resources.

Find out how

Location Scouting:

How Others Managed Their Home Budgets

"We keep our spending low by DIYing home stuff - like installing our own lights and sewing curtains. We also cut back on having too many fancy vacations and explore local family activities. Whatever we save goes into paying our home loan and we do CPF top-ups. Nothing fancy, but it works for us!"

- Pye Phyo, 48, Senior Staff Engineer

"When I bought my home, I used mostly CPF for the down payment, but I was initially worried about whether I could afford the monthly instalments. Over time, I managed to pay using CPF, and later made the shift to using cash instead. This allowed my CPF Ordinary Account (OA) to grow with the stable interest rate of 2.5%.

To stay on track with managing my finances, I cut down on unnecessary spending and prioritised using cash for my housing loan. That really helped my savings to grow with compound interest."

- Sin Hong, 59, Accountant

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Make informed budgeting decisions