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Hi,

If you are taking max bank loan, downpayment is 20%. For max hdb loan, downpayment is 10%.

Regardless of loan type, theres also approx 3% stamp duties and conveyancing+admin fees. For agent commission its typically 1%+GST. Theres also COV if price exceeds valuation.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
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Hi,

The financial breakdown would be as follows:

Purchase Price $700,000

If taking HDB loan, Downpayment Cash up to $5,000
Balance downpayment up to $65,000 (CPF/CASH)
Buyer Stamp Duty: $15,600 (CPF/CASH)
Legal Fee: $2,500 (CPF/CASH)
Agent Fee: $7,490 (CASH)
HDB Misc Fee (valuation etc): Not more than $500 (CASH)
+ any Cash-Over-Valuation (COV)

If taking Bank Loan,
5% CASH downpayment $35,000
15% balance downpayment $105,000 (CASH/CPF)
Buyer Stamp Duty: $15,600 (CPF/CASH)
Legal Fee: $2,500 (CPF/CASH)
Agent Fee: $7,490 (CASH)
HDB Misc Fee (valuation etc): Not more than $500 (CASH)
+ any Cash-Over-Valuation (COV)

Are you a first-timer? Or are you looking to right-size from your current flat?

Should you need any 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 there,

Assuming you are SC, buying 1st property, buying at $700k :
Bank loan down payment : 20%
HDB loan down payment : 10%
BSD 3% - $5400 = S$15,600,
no ABSD for 1st property for SC
Total BSD + ABSD = S$15.6k (both BSD and ABSD can pay by CPF if there is sufficient fund)

As this is your first time purchase, it is apt to have yourself guided and walked step by step to ensure you do not overpay in the process of unfamiliarity and shortchange yourself on a good deal and paperwork conditions etc. As a realtor with years of experience and awards, it is my duty to assist you on leveraging on the weak market to pick out a unit as per your requirements and conduct negotiation. You can easily asses my proven track record and recent coveted awards & testimonial on my website to ascertain the commitment, dedication and integrity I uphold in representing my client's welfare and interest to get them the best possible deal.

Let's speak further at 96659926  to discuss more comprehensively on the crux of your requirements & expectations- to enable me to deliver a more accurate financial projection and breakdown of cash flow for your purchase after understanding your finances succinctly, so as to explore the possible options accordingly at no obligation. I will walk you through the entire purchase- from shortlisting, to negotiation, to establishing loan matters and working out finances (cash/cpf/progressive payment), paperwork, sorting legal matters, providing you with recent up to date transaction caveats for benchmark pricing as well as furnish you with a customized sales report & indicative valuations.

If you are comfortable with my working style, I am more than glad and confident to work for your interest to to guide to you to your ideal property.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

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http://www.hdbhero.com/9-types-of-hdb-payments-when-buying-resale/ Read More