4 May 2026

SOURCE: CPF Board

Purchasing a home is a huge financial commitment, and like all big decisions, proper planning helps.  

Whether you're a first-time buyer or an experienced homeowner, understanding your financial position and determining a realistic budget helps to keep your long-term financial security in mind. Best of all, your planner is entirely your own. You can plan privately at your own pace, and revisit it anytime your circumstances or plans change.

More than a house loan calculator, the Home Purchase Planner is a tool by the CPF Board that takes a holistic assessment of your current financial and housing situation to provide a personalised estimate of your home purchase budget. Here’s what you can get out of it.

1. The Home Purchase Planner takes into account your desired loan financing option

Knowing how much you can afford is the first step to finding your ideal home. The Home Purchase Planner helps you do just that, letting you choose a loan financing option that suits your circumstances and build a budget around it.

If you already know your HDB or bank loan amount, you can input it directly into the Home Purchase Planner.

If not, you may use the loan estimate feature in the planner where you can view your estimated loan amount, monthly instalment and loan period based on you and your co-owner’s financial circumstances and ages.

2. The Home Purchase Planner gives you a personalised budget for your next home

The Home Purchase Planner helps you take the first step in creating a personalised home budget by providing a useful overview of your finances, taking into account your income, expenses, savings (cash and CPF savings), and desired loan financing option.

You can also type in any housing grants that you might qualify for to get a more complete picture of your budget.

If you have an existing home to sell, the Home Purchase Planner also factors the sale proceeds into the budget for your next home.

3. The Home Purchase Planner visualises how a home purchase affects your retirement and simulates how reducing your CPF usage can increase your retirement payout

Retirement might seem a long way off if you’re a first-time homeowner, but a prudent home purchase goes a long way in ensuring that you have enough when you finally decide to retire.

The Home Purchase Planner helps to quantify the impact of the home purchase budget on your retirement. Simply indicate your desired retirement payout, and the planner will determine if your projected CPF retirement savings (factoring in your home purchase) will be able to meet your retirement goal.

If you are projected to not reach your retirement goal, the planner will suggest actionable steps you can take, such as:
 

· Using less CPF savings and more cash to service your monthly instalments where possible

· Opting for a more affordable flat

· Making cash top-ups to your CPF accounts early to build up your savings
 

You can also explore how reducing your CPF usage for monthly instalments can increase your retirement payouts by toggling between "Use all CPF", "Mostly CPF", and "Half CPF” in the planner.

Start planning for your home purchase with the Home Purchase Planner 

Completing the Home Purchase Planner takes no more than 10 minutes and can be finished in one sitting.

Save time by logging in to your CPF account to autofill your CPF information for a more personalised estimate of your home purchase budget and to view the impact on your long-term financial security.

That way, you go in fully informed, with a clear understanding of the trade-offs ahead.

If you’ve enjoyed reading this article, be sure to check out these handy resources for housing planning and also on how much CPF savings you can use for a home purchase!

The information provided in this article is accurate as of the date of publication.