Friday, April 15, 2011

Calculating Finance


just did a little calculation on HDB wesbite for a 300K Loan repayable in 30yrs with 2.6% interest, montly contribution will be $1.2K/mth


From CPF allocation, OA which is used to pay for HDB loan will be 23% of wage that means.. to support $1.2K/mth, gross combined pay should be around $5.2K/mth

so dear and I must earn >$5K combined to get decent flat

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