[SIC PLS] HDB 2nd Timer calculator or calculation guide?

[CCCustom]

Is there such a thing, or at the very least a guide on how to calculate how much from CPF taken out that needs to be put back + how much in interest that needs to be put in together with it, how much else from the sale of the 1st home to clear completely + how much needs to be put into the new home (whether BTO or resale) … to derive how much loan is expected for the new home?

 

[1982-1994]

Example

+
Current resale flat 500k (half of the proceeds must be used on next property iirc)

-
Os loan $200k (left $300k)
accrued int+Principle 130k ($70k more on new flat 200k, left $100k)
Cash 40k for reno
Agent 10k
Misc 40k
Left $10k

 

[Ideasmiths]

Time to test your property agents

 

[nujiln]

Is there such a thing, or at the very least a guide on how to calculate how much from CPF taken out that needs to be put back + how much in interest that needs to be put in together with it, how much else from the sale of the 1st home to clear completely + how much needs to be put into the new home (whether BTO or resale) … to derive how much loan is expected for the new home?

Your seller agent can work out the sums for you if you have one. What you need is actually just a simple spreadsheet. Here are the line items I used, but take note I'm not a professional and this was some elementary calculator for my own scenario back then

SALE PROCEEDS

SELLING PRICE

Less

OUTSTANDING LOAN

HUSBAND'S CPF USED

HUSBAND'S CPF ACCRUED

WIFE'S CPF USED

WIFE'S CPF ACCRUED

AGENCY FEES

LEGAL FEES

=CASH PROCEEDS

AVAILABLE FUNDS

CASH PROCEEDS

HUSBAND'S CPF USED

HUSBAND'S CPF ACCRUED

WIFE'S CPF USED

WIFE'S CPF ACCRUED

HUSBAND'S OA BALANCE

WIFE'S OA BALANCE

ADDITIONAL CASH INJECT

=AVAILABLE FUNDS

LOAN REQUIRED

PURCHASE PRICE

BUYERS' STAMP DUTY

LEGAL FEES

Less

AVAILABLE FUNDS

=LOAN REQUIRED

 

[zensushi]

Is there such a thing, or at the very least a guide on how to calculate how much from CPF taken out that needs to be put back + how much in interest that needs to be put in together with it, how much else from the sale of the 1st home to clear completely + how much needs to be put into the new home (whether BTO or resale) … to derive how much loan is expected for the new home?

Check your CPF account for the Principal amount and Accrued interest used for current home.

 

[ceestudent]

It is very simple what. Cash proceed only can take 50% for hdb second loan.

 

[CCCustom]

Your seller agent can work out the sums for you if you have one. What you need is actually just a simple spreadsheet. Here are the line items I used, but take note I'm not a professional and this was some elementary calculator for my own scenario back then

SALE PROCEEDS

SELLING PRICE

Less

OUTSTANDING LOAN

HUSBAND'S CPF USED

HUSBAND'S CPF ACCRUED

WIFE'S CPF USED

WIFE'S CPF ACCRUED

AGENCY FEES

LEGAL FEES

=CASH PROCEEDS

AVAILABLE FUNDS

CASH PROCEEDS

HUSBAND'S CPF USED

HUSBAND'S CPF ACCRUED

WIFE'S CPF USED

WIFE'S CPF ACCRUED

HUSBAND'S OA BALANCE

WIFE'S OA BALANCE

ADDITIONAL CASH INJECT

=AVAILABLE FUNDS

LOAN REQUIRED

PURCHASE PRICE

BUYERS' STAMP DUTY

LEGAL FEES

Less

AVAILABLE FUNDS

=LOAN REQUIRED

Let’s say my current place bought about $5xx k collected keys around Q3 of 2015 … wiped total around $3xx k at key collection time …

My area got several million-dollar transactions, same flat type

New place collecting key around Q1 next year, also $5xx k.

Can tell without calculating if need to take loan and/or ballpark how much gain?

 

[buttbERry]

song song for second timer