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Good afternoon, the initial upfront payment will be 20% downpayment (provided you can obtain a 80% loan), estimated 3% buyer's stamp duty, 5% additional buyer's stamp duty as a SPR, $3k legal fees, $550 stamp duty for mortgage, minimal valuation fee etc. You will need at least $334,000. Do take note that usually buyers don't have to fork out commission for private property purchase. Btw why not let my banker to advise you on your in principle approval thus you will have a better idea how much can you obtain from bank? Hope to hear from you soon. YT Tan ECG Property 9111 5171  yt.lovelyhomes@gmail.com Read More

Assuming your purchase is a (i) resale property (ii) 1.2% interest rate at 30 years loan term : Upon issuance of OTP (1%) : $12,000 Upon exercising OTP (4%) : $48,000 Buyer's Stamp Duty : $30,600 ABSD : $60,000 Upon Completion : $180,000 Loan Amount : $960,000 Loan installment : $3,177 / month Legal fees : Approx $3,000 Total cash involved : $333,600 Read More