The Orie TDSR Calculator

Use this TDSR calculator for The Orie to find the largest home loan an income can support under the MAS Total Debt Servicing Ratio, set against the loan-to-value limit on the price, and to see which of the two rules decides the loan. Illustrative figure, enter your own price: the price box starts at $1,500,000, a round number chosen for the arithmetic and not the price of any unit in the development; the Sales Concierge sends the developer’s price list on request. The rules behind it are on the housing loan information page.

How a Loan at The Orie Is Sized

Banks begin with assessed income: fixed salary in full, and bonuses or commissions at 70% after a haircut, averaged over a year. Up to 55% of that income may go on debt each month, so existing repayments are taken off first and the remainder is converted into a loan at the MAS medium-term rate, the higher of a 4% floor and the loan’s thereafter rate, over the tenure you choose.

Joint borrowers are assessed on their income-weighted average age. A tenure above 30 years, or a loan running past age 65 on that average, moves the loan to the lower LTV limit with a larger cash share, and the smaller of the TDSR and LTV figures becomes the loan. The progressive payment calculator and the stamp duty calculator complete the picture.