Financing a S$1,000,000 property purchase: |
Down payment (5% cash) | 5% x S$1,000,000 = S$50,000 |
Down payment (20% cash and/or CPF funds) | 20% x S$1,000,000 = S$200,000 |
Loan amount (Assuming you qualify for maximum 75% Loan-to-Value) | 75% x S$1,000,000 = S$750,000 |