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Hi,

This works out to be $18k COV. If you're taking a bank loan, you will need another minimum 5% Cash, which works out to be $16,750. Total Cash outlay would then be a minimum of $34,750.

If you're unable to qualify for a loan amount after deducting your OA and Grant, you will need to top up extra Cash too.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

1)
Selling price = $353k
Valuation = $335k (-)
COV (in cash only) = $18k

2) Buyer stamp duty = $5,190 (can be in CPF if sufficient)
3) Down payment = 10% (HDB loan) = $35.5k (can be in CPF if sufficient)
4) Legal fees + mortgage stamp duty = $1,800 (can be in CPF if sufficient), assuming using HDB legal service.
4) Assuming the following:
(a) Both of you are SC or SC+SPR. There is no ABSD involved.
(b) You are taking an HDB loan for this.

5) Funds available; CPF OA = $50k + $70k = $120k. Proximity grant = $20k.
6) I wonder why you are not eligible for a family grant if you are married or intend to marry couples.
7) Nevertheless, you have total funds of $120k + $20k = $140k
8) So you only need a loan of $335K - $133k. Monthly mortgage at an interest rate of 2.6% assume with a 25yrs tenure = $916.41

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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