Hi, I'm a first time home buyer, and are quite inexperience on property, based on the loan calculators i found online, and with the interest around 3% now for house loan, apparently there's high chance my loan will get approved for property with price around 700k, and most agents are saying the same thing to me too but I still have doubt.


Let say the property price is around 700k after rebate from orignal SPA price, and monthly payment once approved will be around 2660 + 400 maintenace fee per month, and the estimation completion date is 2024/25, below are my commitments so far:


car loan - 700 (finish paying in less than 3 years time)
ptptn - 300
others - 810.58 (insurance, phone)


is this going to be a huge risk if i decide to pursue further? appreciate all opinion here, thanks

Own stay

Yea, I do consider what you mentioned as what of the worst case scenarios, which was one of the reason on my doubt 😅