Asked by Chek Tien Tan
Hope someone can help correct this calculation of finances to buy a resale flat. (the cash amt simply too crazy for me liao...) Also note that me and my fiance is not eligible for any grants.
Sale Information
----------------
Type of Flat (3 , 4 or 5) 3rm
Valuation $300,000.00
Cash Over Valuation (COV) $50,000.00
CPF Calculations
----------------
CPF needed NOW (15% of Valuation) $45,000.00
Loan Amount $240,000.00
CPF every mnth (e.g. 1.35%, 30mnths) $828.00
Cash Calculations
-----------------
Cash Over Valuation (COV) $50,000.00
Cash Downpayment (5% Valuation) $15,000.00
Agent Fees (1% of Valuation) $3,000.00
Stamp Fees + Duplicate $4,202.00
Conveyancing Fee $207.00
Caveat Registration Fee $64.45
Survey Fee (excluding GST) $212.50
Lease & Mortgage Fees Total $90.60
Total Deposit and Fees $72,776.55
Less Booking Fees $1,000.00
Total Cash Needed NOW $71,776.55
(siao ah where to find...)
Sale Information
----------------
Type of Flat (3 , 4 or 5) 3rm
Valuation $300,000.00
Cash Over Valuation (COV) $50,000.00
CPF Calculations
----------------
CPF needed NOW (15% of Valuation) $45,000.00
Loan Amount $240,000.00
CPF every mnth (e.g. 1.35%, 30mnths) $828.00
Cash Calculations
-----------------
Cash Over Valuation (COV) $50,000.00
Cash Downpayment (5% Valuation) $15,000.00
Agent Fees (1% of Valuation) $3,000.00
Stamp Fees + Duplicate $4,202.00
Conveyancing Fee $207.00
Caveat Registration Fee $64.45
Survey Fee (excluding GST) $212.50
Lease & Mortgage Fees Total $90.60
Total Deposit and Fees $72,776.55
Less Booking Fees $1,000.00
Total Cash Needed NOW $71,776.55
(siao ah where to find...)
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So happens this is also the price put up for a place in bedok I'm interested in.