Good day and thank you for your queries.
Based on the information provided, estimated Total Cash/CPF is $113,560
*Monthly Income required to qualify for 80% Bank Loan to Value (LTV): $4,800
*Estimated Monthly Mortgage Repayment based on average 2.5% Interest Rate For 25 years: $1,450
As reference, please find the summary breakdown as following:
*Minimum Cash Required for $400k HDB Flat: $24,560
Day 1
> Option Fee: $1-$1,000
> Valuation Fee: $140.40 (2 room & smaller)/$199.25 (3-room & bigger)
Within 21 Days
> Deposit: $5,000 - Option Fee Paid
> Resale Application: $40 (2 room & smaller)/$80 (3-room & bigger)
Upon Completion (6 to 8 weeks after First Appointment)
> 5% Cash For 80% Bank LTV (Minus Deposit $5k): $15,000
> Agent’s fee (1%+GST): $4,280
*Estimated Cash/CPF Required for $400k HDB Flat: $89,000
Within 10 Days after First Appointment
> BSD: $6,600
> ABSD: $20,000
Upon Completion (6 to 8 weeks after First Appointment)
> 15% For 80% Bank LTV: $60K
> Legal Fees: $2,000-$3,000
> Insurance, if applicable
As we do not get prompted when you respond here, kindly contact us directly should you require more information or further assistance to shortlist suitable units.
Thank you and have a pleasant week ahead.
Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile:
+65 82250212
Email: karrien.realty@yahoo.com
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PropNex Realty Pte Ltd
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CEA Licence No.: L3008022J
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