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Afternoon,

With purchase price of $800k, you will require $40k cash, as the 5% cash outlay. You will require about $20k for legal and stamp fee, which can be paid using CPF. You will have balance of $160k CPF.
Hence you loan amount require is around $600k. With loan period of 20 years at 1.5%, your monthly installment will be around $2900. If you are contributing full CPF, your cash top-up will be around $1750. This is about 30% of your liquidity.

FYI
Mike Lim
 96929209 
ERA Read More

Hi Nagaraj,

On paper, it seems that your should be eligible to look at the purchase you have mentioned, however, you'll be better informed and prepared should you seek the advise of a qualified banker as they will be able to advise you in a more professional capacity.

Mike has done a good job in providing you the basic outlay of financial calculation for your information, therefore should you require any further assistance, feel free to call my hotline or email me.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More