This affordability calculator estimates the maximum housing loan for a Dorset Gardens purchase under MAS's Total Debt Servicing Ratio framework — for a single applicant or a couple borrowing jointly. It applies the 55% TDSR ceiling, the 30% haircut on variable income, and computes the maximum tenure from your income-weighted average age, the same method banks use for joint applications. The full rules are explained on the housing loan page.
Main Applicant
Joint Applicant
Total Debt Servicing Ratio
Affordability
Indicative only. Tenure beyond 30 years (up to 35) is possible but drops the LTV cap from 75% to 55%. Banks apply their own credit policies — confirm with your bank, or ask us to arrange an In-Principle Approval. Do not include an existing home loan you will discharge before this purchase.
How the Dorset Gardens Loan Maths Works
Banks first compute assessed income — fixed income in full, variable income (bonuses, commissions, rental) averaged monthly and cut by 30%. The TDSR ceiling is 55% of that figure across all monthly debts, and the headroom left after existing obligations is converted to a loan quantum at the assessment rate over the permitted tenure. For joint borrowers, tenure runs to age 65 on the income-weighted average age — so pairing a younger, higher-earning applicant meaningfully extends tenure and quantum.
Two levers move the result most: clearing a car loan before applying often adds six figures to the quantum, and the sequencing of any existing home loan determines your LTV tier. Stack this result with the stamp duty calculator and the progressive payment calculator for the complete picture, then register and we will connect you with bankers for a formal IPA before the Dorset Gardens preview.
Register for Dorset Gardens Updates
Once you know your budget, the next step is the price list. Registered parties receive it first.