Asked by First-time buyer
I have about $120K in CPF OA and my sister has about $50K in her OA. We have between us about $100K cash. We are near 40 years of age with a combined salary of $8000 a month. How much do we need to set aside for downpayment and what's the monthly repayment like if we want to buy a 3 bedroom condominium? We are first time buyers but our names are in existing HDB flat as our parents used about $50k from our CPF to settle outstanding mortgage. The flat is fully paid up now. Intend to rent it out when we move into a condo. Thanks.
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