Hi, can I check if my wife and I are in a good place financially? We are in our early and mid thirties. Thank you!

A healthy place finanically. <3

Good place is subjective...😃

but $1,200 spending is really good..that's joint spending right ?? can teach ??

also insurance...is it factored in ?? also depending on life phase - when will the kids come in, travelling in post covid times, etc.

Very good! Keep it up!

I wouldn't pay off the BTO in full. With the lower interest rate environment, and you are likely to be better off in the long run taking a 25 year loan and leaving the sum in CPF or invested in ETFs/RoboAdvisors. If you do the calculations, you might even be able to pay off your BTO mortgage monthly payments with just the annual returns (~ 5 to 10%) and still have your capital at the end of the loan period.