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Mike Lim
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Morning Chew,

With your budget of $300k, you can look at 2 room flat. Budget of $350k, you can look at 3 room flat in certain estate. Assuming that you are purchasing a unit with valuation of $320k and COV of $30k and that you do not have any CPF in hand, the below attached computation is for your review, based on 80% loan:

1) 5% ABSD: $17.5k
2) 20% downpayment: $64k (If you have zero CPF)
3) Legal and Stamp Fee: $8k
4) COV: $30k
5) Misc Expense: $1k

Excluding salesperson commission, you will need an approximate of $121k. As to how much loan you can get, I can get my banker to work on your credit assessment. As for the interest, it will be dependent on the type of package which you take up.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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