Asked by Mrs Tan
Hi Gurus. I am planning to buy a condo and have 2 options.
1. To keep my hdb (outstanding loan $130k) and buy a condo
2. To sell my hdb to finance my condo.
Here's the additioanl info.
1.My husband & I have a combined income of $8k per mth and 2 month bonus on average.
2. Our CPF ordinary a/c balance are around $20k and $40k respectively. (not sure how this will come into the CPF minimum sum calculation though.)
3. We are looking for a condo below $700k.
4. We will most likely be able to sell our HDB at $380k (looking at the average selling price around our district).
Question is, can we afford both options 1 and 2?
Appreciate any help.
1. To keep my hdb (outstanding loan $130k) and buy a condo
2. To sell my hdb to finance my condo.
Here's the additioanl info.
1.My husband & I have a combined income of $8k per mth and 2 month bonus on average.
2. Our CPF ordinary a/c balance are around $20k and $40k respectively. (not sure how this will come into the CPF minimum sum calculation though.)
3. We are looking for a condo below $700k.
4. We will most likely be able to sell our HDB at $380k (looking at the average selling price around our district).
Question is, can we afford both options 1 and 2?
Appreciate any help.
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