Tools · Affordability & Finance
Which Package Suits Me
Ranks packages by rate, lock-in and your exit horizon.
Which mortgage package suits you is not the lowest rate; it is the lowest cost over the years you will actually hold the loan, after lock-in penalties, conversion fees and the rate the package reverts to. This tool ranks packages by fit for your horizon and your exit plan.
What you enter
- Loan amount and how many years until you expect to sell or refinance
- Whether you want the lowest rate, the fewest surprises, or freedom to exit
What you get
- Packages ranked by total cost over your horizon
- Lock-in and penalty exposure for each
- The rate each reverts to after the fixed period
Worked example
$900,000, planning to sell in 3 years
A 2-year fixed beats a 3-year fixed by $4,200
- Best fit
- 2-year fixed, no penalty in year 3
- Runner-up
- 3-year fixed, penalty if sold early
- Cost gap over horizon
- $4,200
Illustrative, for a Singapore citizen couple, 35, first property, $12,000 a month between them, $250,000 cash and $200,000 in CPF Ordinary Account unless the case says otherwise. Your own numbers replace every figure the moment you use the tool.
The rule behind it, in prose: Home loan rates: fixed, floating, and when to refinance.
Answers: best mortgage package singapore, lock-in period, refinance vs reprice.
Also in Affordability & Finance
This tool comes with a free account: no card, one minute, and your results carry into the roadmap and the report.