BTO Mortgage
Timeline
Total price of flat
$500,000
Total grant amount
$0
Downpayment 1
$50,000
10.0% of flat price · age 28
From grant
$0
From CPF OA
$50,000
From cash
$0
OA available @ age 28: $58,394
Leftover grant amount
$0
Grant remaining after Downpayment 1
Downpayment 2
$75,000
15.0% of flat price · age 32
From grant (leftover)
$0
From CPF OA
$75,000
From cash
$0
OA available @ age 32: $84,161
Total downpayment (DP1 + DP2)
$125,000
Loan amount
$375,000
LTV 75.0% · 2.60% p.a.
Maximum you can borrow
Based on gross monthly income of $6,190 at age 28
75% LTV cap based on flat price
$375,000
MSR limit: 30% of gross monthly income
$409,354
Max monthly mortgage salary allows
$1,857/mo
Lower of the two → your max loan
$375,000
Max monthly mortgage
$1,701
🎉 You're comfortably within your limit
Your income supports a loan up to $409,354, but this flat only needs $375,000— that's $34,354 of borrowing headroom to spare. If you'd like, you could comfortably consider a more expensive flat without exceeding your borrowing limit.
Monthly mortgagei
$1,701
Age 32 → 56 (25 yrs)
Annual mortgage repayment
Shows how much of each year's mortgage is covered by CPF OA and how much requires cash. When the OA balance hits zero, the full annual payment shifts to cash.
| Age | Annual mortgage | From CPF OA | From cash | OA balance (after) |
|---|---|---|---|---|
32 | $20,415 | $9,161 | $11,254 | — |
33 | $20,415 | $18,959 | $1,457 | — |
34 | $20,415 | $19,338 | $1,077 | — |
35 | $20,415 | $19,725 | $691 | — |
36 | $20,415 | $20,119 | $296 | — |
37 | $20,415 | $18,739 | $1,676 | — |
38 | $20,415 | $19,114 | $1,301 | — |
39 | $20,415 | $19,496 | $919 | — |
40 | $20,415 | $19,886 | $529 | — |
41 | $20,415 | $20,284 | $132 | — |
42 | $20,415 | $20,415 | — | $274 |
43 | $20,415 | $20,415 | — | $969 |
44 | $20,415 | $20,415 | — | $2,103 |
45 | $20,415 | $20,415 | — | $3,696 |
46 | $20,415 | $20,415 | — | $5,768 |
47 | $20,415 | $20,415 | — | $6,163 |
48 | $20,415 | $20,415 | — | $6,981 |
49 | $20,415 | $20,415 | — | $8,241 |
50 | $20,415 | $20,415 | — | $9,963 |
51 | $20,415 | $20,415 | — | $12,166 |
52 | $20,415 | $20,415 | — | $10,070 |
53 | $20,415 | $20,415 | — | $8,281 |
54 | $20,415 | $20,415 | — | $6,815 |
55 | $20,415 | $20,415 | — | — |
56OA depleted | $20,415 | — | $20,415 | — |
| Total (25 yrs) | $470,631 | $39,748 | ||