1) fully renovated 470k
or
2) Basic unit at 410k

Is it wise to get the renovated unit at 470k, with 80% loan. So down payment of 94000 + legal fee around 10k.. Total payment of 104k (Stamp duty for MOT and Loan Agreement i believe is waived for first house buyer under 500k). Total loan about 376,000 for 30 years.

Or

To get the basic unit at 410k.. with 80% loan . Down payment + Legal fee = 82,000 + 10,000 = 92,000. Total loan amount about 330k for 30 years.

Reason of loan 80% is trying to minimize the monthly commitment to be lower.. or perhaps its better to go with 90% loan ?

Currently having FD around 110k, stocks 30k market value if i sell all today, KWSP account 2 about 50-60k..
I believe KWSP account 2 can withdraw all right for first time buyer.

Thanks for sifu input..

Is the unit a condo? I suggest to go for basic unit at 410k and renovate and pay yourself. At least that way you can choose your own furniture and materials for carpentry work tiles etc and might even spend less than 60k.

It's good if you can borrow less since less money borrowed means less interest paid. If you borrow 60k, the interest is about 60k as well so you are gonna pay 120k to the bank for a additional 60k loan.