Interest Rate against Bank Mortgage Loans

Here’s a simplified table for you to see how much you are paying on a monthly basis and the difference in the interest you are paying based on the interest rate of the bank mortgage loan. If you are paying at a higher monthly mortgage, feel free to let me know so I can check with my bankers if your home loan can be refinanced.

Home ValueS$ 1,000,000S$ 1,500,000S$ 2,000,000S$ 2,500,000
Downpayment (25%)
Cash and/or CPF
S$ 250,000S$ 375,000S$ 500,000S$ 625,000
Bank Interest Loan 1.0%
25 Year Tenure
Bank Interest Loan 1.5%
25 Year Tenure
Bank Interest Loan 2.0%
25 Year Tenure
Bank Interest Loan 2.5%
25 Year Tenure

and here’s the difference in the bank interest paid when you choose a bank loan when it’s at 1% and 2.5%.

Home ValueS$1,000,000S$1,500,000S$2,000,000S$2,500,000

Bank Interest Loan 1.0%
25 Years Tenure
Bank Interest Loan 2.5%
25 Years Tenure
Difference in
Interest Paid

Getting a good home loan at a favourable interest rate helps a lot in real estate investing. Even if you are not buying a home for investment, choosing a good home loan can save you money in the long run. If you’ve not refinanced your home loan for the past 3 – 5 years, it might be a good time to check out the latest rates now. Let me know if you are interested to know the latest bank interest rates.


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This disclaimer informs readers that the views, thoughts, and opinions expressed in the text belong solely to the author, and not necessarily to the author’s employer, organization, committee or other group or individual.

Datacrunch Real Estate does not accept liability for any investment decision made on the basis of this information. This website does not constitute financial advice and should not be taken as such.

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