Anonymous

15 Nov 2019

∙

Is there a platform to check what is my monthly instalment for BTO/SBF?

We are first time buyers and are interested in a SBF. The calculator provided by HDB only shows the 'Possible property purchase price'.

Is there a way to calculate our upfront payable and monthly Installment payable by cash based on our estimated property price?

We are very very new to this. Thanks in advance!

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Pang Zhe Liang

15 Nov 2019

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

Hello there!

I was as lost as you when I first applied for mine. Here is some information to help you.

Firstly, determine the purchase price of your property. Then calculate the stamp duty, conveyancing fee based on the purchase price. For this purpose, I have an excel sheet that does it for me.

Stamp Duty

First $180k @ 1%

Next $180k @ 2%

Next $640k @ 4%

Remainder @ 4%

Conveyancing Fee

First $30k @ $0.90 per $1k

Next $30k @ $0.72 per $1k

Remainder @ $0.60 per $1k

Secondly, the following four fees are payable at the time of collection of key.

Lease In-Escrow Registration Fee: $38.30

Mortgage In-Escrow Registration Fee: $38.30

Stamp Duty on Deed of Assignment: $500

Survey Fee: $347.75

Next, determine the upfront downpayment that you need to pay, e.g. 10% downpayment (depending on loan)

Finally, this calculator by HDB will be able to help you calculate the monthly instalment: https://services2.hdb.gov.sg/webapp/BB29MTHLY/B...

Personally, I do up an excel sheet that is capable of calculating everything, including my instalment and outstanding loan in the future. So it may be helpful for your learning and future reference to have your own table. =)

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