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Afternoon Carlyn,

Assuming you are purchasing a HDB unit at $420k, excluding COV, you should have the following amount in hand:

1) 5% ABSD: $21k (Cash)
2) 5% Downpayment: $21k (Cash)
3) 15% Downpayment: $63k (CPF)
4) Legal and Stamp fee: $10k (CPF)
5) COV: Depending on the unit which you are interested in
6) Commission Payable: To be negotiated between your salesperson and you
7) Valuation Report, HDB admin fee, misc: >$800

Item 2 and 3 will make up your 20% where 5% must be cash. As you have $75k CPF, hence the 15% Downpayment, legal and stamp fee can be covered using CPF. Excluding COV and agents commission, you will need at least $45k cash.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
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