CPFB | Budget for my home

Budget for my home

Manage big ticket purchases like buying a home with ease. By adopting practical budgeting tips, you can take control of your finances and boost your confidence for your future.

Budget wisely for your financial goals today for a worry-free tomorrow

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.

To maintain sustainable repayments, aim to keep your MSR within 25% of your gross monthly income.

Understand how your housing decisions will impact your future retirement needs

Consider using cash or a mix of cash and CPF for your home purchase. By using less from your CPF account on your home, you can save more for your retirement.

Evaluate your short- and long-term financial goals to find the best strategy for your home purchase.

Set aside savings in your Ordinary Account (OA)

If you are able to, consider using more cash to pay your housing loan while retaining $20,000 in your OA. This way, you will still have your OA savings to rely on for servicing your housing loan in times of need.

On top of that, your unused OA savings earn an interest rate of up to 2.5% and will also form part of your retirement savings in the future.

Start planning for your future today

Retirement Payout Planner

Ready to make the most of your CPF savings? Once your home financing is settled, use the Retirement Payout Planner to map out how your savings can meet your future needs and retirement goals.

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Make a cash top-up

Cash top-ups help to grow your savings for higher payouts to support the important milestones in your life. Start taking action today.

Top up now

Home Purchase Planner

Understand how your home financing decisions impact your future retirement payouts. Use the Home Purchase Planner to estimate your home budget and housing loans so you can confidently plan for your dream home and retirement.

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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, balance between your needs and wants, and plan for your shared future with ease.

Learn how Kent and his wife effectively manage their housing budget together

Financially savvy budgeting tips for your home

Whether it's budgeting smartly, investing wisely, or planning for the future, 37-year-old Kent's dedication to positive money habits has helped to create an ideal environment for his family.

You can do it too.

Find out how

Here's how others are managing their home budget with ease

"If there's still some time before you receive your house keys, consider parking your housing funds in safe and low-risk investments such as fixed deposits or T-bills to let them grow! To give your home a unique spin that's truly yours, try DIY projects like adding ornamental plants. Head over to social media for inspiration to create a 'designer' look on a budget."

- Suphon, 32, Content Writer

"To overcome financial challenges, I follow a clear financial plan. For example, I try to pay off my house loans faster by using additional income like my year-end bonuses."

- Lai Hong, 66, Engineer

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