Based on your income aproximately you can get bank loan roughly up to $1.5M. The amount will vary if you have other existing financial commitment. I would recommend you to speak to a home loan specialist, for the assesment for the exact figure just to be sure.
But in your case the cash part would be the limit to the value of the property that you can invest, rather than the loan.
If you currently don't have any mortgage loan, your 50k will be able to be used for the 5%. That would put the figure to $1M. But this means you are stretching to the max to your limit, without any room to play. It would not be recommended to go for the maximum because you would need the extra spare cash for other miscellaneous expense and living expense. Not forgetting you must have spare cash to cover your living expenses for 3-6 months to be safe just in case of unforseen circumstances.
Do feel free to contact me if you need further quiries, as it is very important that you find out as much as possible to make an informed and responsible decision. In making a major financial decision, being prudent is the way to go.
Regards
Sutiono (Han)
www.sutiono.com.sg
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