Property investment is a long-term commitment. As a guideline, one must always take note of one’s gross income less commitments before even deciding to plonk any cash into purchasing a property. Some of these commitments include vehicle instalments, obligations to parents, unexpected medical expenses, lifestyle and children’s educational expenses. It is also important for one to set aside cash reserves equivalent to at least six months of a person’s income as savings. As a rule of thumb, a guideline proposed by the Monetary Authority of Singapore (MAS) and most other financial institutions, monthly instalments of any kind, mortgage payments included, should NOT exceed 35% of your income.

Work on our Loan Calculator to get the Estimated Loan Amount needed for Property Purchase.

Property Purchase Price:                                                           $

Property Valuation Price:                                                            $

CPF Fund use for purchase:                                                     $

Cash use for purchase:                                                             $

Minimum cash needed is:                                                         $

Stamp Duties Payable:                                                               $
(Deduct from CPF)

Legal Fees Payable (estimation):                                             $
(Deduct from CPF)

Total Cash needed for purchase:                                            $

Estimated Loan Amount:                                                            $   

Disclaimer

The estimated loan amount is worked out based solely on the information provided by you and is for illustrative purposes only. We are not responsible nor liable to verify the data provided or for any errors in the content or computation, and any actions taken in reliance of the same.