3 Answers

YT Tan (陈永达)
Good afternoon Ella! It will depends on which location are you looking at. Pricing will differs according to floor level, unit condition, facing etc. Why not I ask my bankers to advise you on your in principle approval to gauge how much loan (up to 80%) can you obtain from banks? If you are able to obtain a 80% loan, 20& downpayment (5% cash and 15% CPF or cash) will be required. Btw how much CPF and cash do you both have on hand? Hope to hear from you guys soon! Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More
0
Hello Ella, Price for 3 bedroom resale HDB varies according to size, floor and location. As a guide for simpler calculation, let's take for example $400,000 as the valuation price, 25 year loan and assuming you have no other loan commitment (note the MSR and TDSR criteria would need to be fulfilled before bank could grant you the loan). 1) 80% max loan at 320K 2) 20% downpayment (min 5% cash, 15% CPF/cash) 3) A monthly mortgage payment of $1602 (your combined income assuming fixed income is more than sufficient to service this monthly loan) 4) Other cash requirement would be the a) cash over valuation if any b) stamp fees (ABSD+BSD = $26,600 if 4a=0) c) legal fees (~$3,000) c) mortgage insurance (can be from CPF) d) agent commission e) misc fees Do engage a professional realtor to guide you through the whole process of buying a resale HDB and guide you on your mortgage plan to ensure a smooth completion. Best Regards Josef Teo 94505033  / josefteo.kf@gmail.com Read More
0
Zheng Yanhui(Alex)
Hi Ella. Can I know which area of house you are looking ? I also need to know the available CPF amount and cash before we can advise you. Regards Zheng ERA HP:9273 6096 Read More
0