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Old 11-09-2018, 10:59 AM   #9
GenuineSeller
Senior Member
 
Join Date: Sep 2009
Posts: 1,368
Say $600K condo

$30,000 5% Cash
$120,000 20% Cash/CPF
$12,600 Stamp Duty Cash/CPF
$2,500 Legal Cash/CPF

Min
$30K Cash
$135,100 Cash/CPF

Assume interest @2.6% over 30yrs, Loan Amount $450K
Monthly Installment $1,800

Other substantial costs involved.... renovation and furniture. $20K-50K, say.

From above, you will need min $185K in both cash and CPF. Putting aside some emergency fund, you will need more than $200K.........So $20K + 25K is way too little.

Last edited by GenuineSeller; 11-09-2018 at 11:02 AM..
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