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Morning,

The amount of cash required is also dependent on how much loan you can get and the loan term you are looking into.

Do feel free to contact me for further discussion.

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

Hi,

If you can get 80% bank loan for your resale HDB, breakdown as follows:

Cash 5%
CPF 15%
Max bank loan 80%
Stamp duties & legal fees approx 8%

Bank loan depends on your age, income and credit profile and any other loans you have. It will be preferred if we can discuss with a banker how much loan they will be supporting us with. Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Hi, assuming you can get max. 80% loan ($480k) and loan tenure of 23 years (MSR 30% applicable):
1. 5% cash downpayment = $30k
2. 15% cash/cpf downpayment = $90k
As your CPF OA has $50k, you will need another $40k cash for this portion
3. Buyer stamp duty = $12.6k
4. ABSD 5% = $30k
5. Legal fees = $2k
6. Agent fees 1% + Gst = $6.42k
7. Valuation report fees = $200
8. HDB Resale application fee = $80
9. Total Cash upfront = $121,300
The above serves as a guide only subject to your monthly income, CPF balances and loan quantum & installments.
Should you need any clarifications or would like to have calculations for other amounts, feel free to contact me:
Andrew Lim - ERA (CEA Reg. No. R050526B)
M: 83282887 
E: andrewlimcw@era.com.sg Read More

Hi, get IPA from bank is the first step. It will help you to define how much the property to go for. Please feel free to find out more details.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More