facebookNet proceeds from sale of BTO flat after MOP (5th year of the repayment period of 10 years)? - Seedly

Anonymous

31 Aug 2020

βˆ™

Property

Net proceeds from sale of BTO flat after MOP (5th year of the repayment period of 10 years)?

Assuming the below

4 room BTO flat $300,000
HDB loan $200,000
Repayment period 10 years
Interest (repayment to be fulfiled across 10 years, x being monthly interest) $120x (assumed not compounded)
Total repayment $200,000 + $120x
If the flat is sold in 5th year where repayment made to date is $100,000 + $60x and my sales proceeds from selling the flat is $450,000 how would the figures below be:
Remaining repayment to HDB (if any)
Repayment of CPF OA
Resale levy of $40k
Net sales proceeds gained

Discussion (0)

What are your thoughts?

Learn how to style your text

Write your thoughts