If you’ve logged on to HDB’s My Flat Dashboard in the past three weeks to buy or sell a home, you might have noticed that the HDB Calculator has been down. A Reddit user posted a complaint about this two days ago after trying to check his/her budget and getting a notice that the HDB Calculator is being updated to “include the latest policy changes”.
When an official property tool like the HDB Calculator is not working, where do you turn to for the information you need? It’s not like you can put off something as time-sensitive and life altering as buying or selling a home.
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Introducing a reliable alternative
HomerAI by Ohmyhome is complete with three financial calculators that provide you with an estimate of your HDB sale proceeds, affordability, and mortgage payments. It also gives you an accurate property valuation and a breakdown of past transactions in your area.
Affordability Calculator
With the Affordability Calculator, you can figure out how much you can comfortably afford for your next home. It factors in things like your current age, citizenship status, outstanding home loans, and stamp duties. HomerAI doesn’t just help you stay within your budget—it also ensures you understand what costs you’ll need to cover upfront.
Mortgage Calculator
If you’re considering taking out a loan for your property purchase like the rest of us, the Mortgage Calculator is your best friend. It will help you determine your monthly mortgage payments across different plans and interest rates. You can use this to compare multiple mortgage packages and find one that suits your financial situation, all without ever leaving the HomerAI platform.
Cash Proceeds Calculator
Finally, the Cash Proceeds Calculator comes into play when you’re selling your HDB flat. It helps you estimate how much cash you’ll actually receive after deducting any outstanding loans, CPF refunds, and fees from your sale price. This way, you can confidently plan your next steps, whether you’re thinking of using it for your next property purchase or other life goals.
The extra benefits of HomerAI
What makes HomerAI stand out is how intuitive and user-friendly it is. All your calculations are automatically saved, so you can easily revisit and update them as your circumstances change. The interface is clear and easy to navigate, and the AI ensures you’re getting the most up-to-date and accurate estimates possible.
Plus, because it’s all AI-powered, it saves you from having to manually input tons of data into spreadsheets or worry about whether you’ve missed a crucial detail.
Simplify your financial planning with HomerAI
When the HDB calculator isn’t working and you’re left wondering how to plan your finances, don’t fret—HomerAI has you covered. From affordability checks to calculating cash proceeds and mortgage payments, this AI-powered tool will ensure you’re always on top of your home-buying or selling game.
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