Asked by buyer and seller
if i sold my flat at 500k,
outstanding loan amount-200k
cpf with interest-50k
cash proceeds would be 250k
i would like to buy a bigger flat lets say 500k
Valuation- 460k
40k Cash upfront
IPA - 450k
1st question:
so my loan amount would be based on 80percent of 460k= 368k? or 450k?
how much cash do i need to pay in total? and how much is the stamp fees and legal fees?
outstanding loan amount-200k
cpf with interest-50k
cash proceeds would be 250k
i would like to buy a bigger flat lets say 500k
Valuation- 460k
40k Cash upfront
IPA - 450k
1st question:
so my loan amount would be based on 80percent of 460k= 368k? or 450k?
how much cash do i need to pay in total? and how much is the stamp fees and legal fees?
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