My husband is a SC and I'm a SPR. We are planning to buy a second property (resale condo).
The loan for my HDB is still outstanding, but our OA should be enough to pay up fully the outstanding amount. Assume the condo we eyeing is about 1.6mil and we want to keep our HDB.
How much down payment do I have to pay if I were to buy the condo? Can I use cpf to pay for this down payment or must be cash?
Also, is it we need to set aside half of the prevailing minimum sum? How much is that?
And, how much the monthly payment will be? We are ~43 years old.