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Good evening William,

It will be best to speak to my banker so he can assist in your loan assessment.

If you are able to obtain a 80% bank loan, your initial outlay will be as such (based on $2m):

1) 5% cash downpayment: $100k
2) 15% CPF or cash downpayment: $300k
3) estimated 3% buyer's stamp duty: $54,600
4) $2.5k legal fee
5) $500 mortgage stamp duty
6) other misc fees

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
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(W): www.propertyavenue.com.sg Read More

Hi William,

If this is your 1st property and you are a SC household, typical breakdown as follows:

Cash 5%
Cpf 15%
Max Bank Loan 80%
Stamp duties and legal fees Approx 3%

Hence approx 23% is required within 6-8 weeks of exercising Option to Purchase of your unit. This works out to about 460k, is that something you are ready to work with?

Or perhaps may I understand your housing plans better and value-add further with better recommendations? Thanks and hope to understand your requirements and assist further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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Hi William,

Assuming you are taking 30 years loan tenure without any other financial commitment, every $200k loan amount will require $1500 monthly income, therefore based on $2m property, your 80% loan amount becomes about $1.6m which works out to be about $12k monthly income. Minimum cash component required is 5% of the purchase price.

All figures mentioned above does not consider stamp duty applicable and other miscellaneous fees like conveyancing.

Let me know if you need further assistance.

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Regards,

Geryl LIM
Real Estate Director
Global Alliance - Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
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Hi William,

Re: Our Preferred Experienced SG Realtor

We have a pool of experienced banker to assist you.

Based on your contents mentioned, both of you shall have est of 120K CPF Ordinary Account (Based on my experiences)

For 2 million property, you shall need total of $454600 initial cash/ cpf investment. You need est $330K cash on hand with the condition of bank loan approved for 2 million property.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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Hi,
The estimated loan quantum is around 1.4M, initial downpayment is 20% and 3% stamp duty. Cash topup will be around another 200K.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

The first step forward is definitely the loan eligibility to asses the loan quantum, after which I will be in a better position to construct the financial computations & progressive payment to ascertain which residence options will value add your property portfolio.

I have led many investors in their purchases and will be glad to assist you similarly with the payment timeline and procedure. To add, there is no agent fees involved and I will walk you through the entire process step by step ; from shortlisting to negotiation to paperwork to admin/legal matters and more! Do visit my website for my latest awards and testimonials @ www.kumarrai.com. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
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