BTO Mortgage
Inputs
Applying as
BTO ages
2832
ApplicationCollection
4 yrs wait· Most BTO flats are ready in ~4 years. Maximum gap is 7 years.
Loan type
Loan tenure25 yrs
Downpayment scheme
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.
Monthly mortgage
$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 | ||