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Morning Eric,

With combined income of around $130k per year, your combined CPF OA contribution per month should be around $2600. Let's say you are able to loan for 30 years, the loan amount eligible to you should be around $650k, without paying additional cash monthly. However, this figure is subjected to bank's assessment based on your credit record too.
As to how much you need to fork out, this would be dependent on how much CPF you have, the valuation figure, COV payable, plus the 5% cash if you are able to get 80% loan.
If you are taking bank loan, you do not need to return 50% of your sales profit back to HDB. The grant that have being given to you will be returned to your CPF OA.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Eric,
Would you be available, so we can sit down with together and I can explainto you the breakdown of the figures for selling as well as buying. Do feel free to contact me at 91442664  should we can discuss in details.
Best Regards,
Tricia Tan ERA
 65 91442664  Read More