Asked by tony
How much need to prepare to buy a 500k (Valuation+COV)HDB?
933 views
1 Answer
Afternoon Tony,
The answer to your question will depend on the following factors:
How much CPF you have at hand?
How much loan can you get, based on your current age, income and credit status?
Let me assume that you have $0 in CPF and are able to get 80% loan from bank, repaying for 30 years loan.
You will need $100k, to clear the 20% difference.
Your legal and stamp fee is around $11,100.
With this two figures, you can simply add it to the COV asking, depending on which estate you are looking at.
FYI
Mike Lim
96929209
ERA Read More
The answer to your question will depend on the following factors:
How much CPF you have at hand?
How much loan can you get, based on your current age, income and credit status?
Let me assume that you have $0 in CPF and are able to get 80% loan from bank, repaying for 30 years loan.
You will need $100k, to clear the 20% difference.
Your legal and stamp fee is around $11,100.
With this two figures, you can simply add it to the COV asking, depending on which estate you are looking at.
FYI
Mike Lim
96929209
ERA Read More
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TZtonyRepliedthanks for your reply. I hear that a 5RM HDB even has a cheaper COV than 4RM, is it true?