Asked 2w ago
We are not spendthrift and total expenses adds up to approx $1k/mth.
Current total cash savings: $50k.
Are we able to survive and live on a household income of $3.7k?
Will we be able to service the BTO flat? We managed to get a 30k housing grant. So after grants, the balance for the flat is $370k
Have you considered your CPF? Can use that to offset the instalment.
Even without CPF, it's still possible to pay your instalments with cash, especially if you take the max loan tenure.