Clarry vs Andy

HDB Asset Progression Comparison

Clarry Au PDF
Andy Excel
Source
Clarry PDF + Andy Worksheet • Mar 2026

Where does my money go?

Follow your sale proceeds step by step — from selling your flat, into two wallets (bank + CPF), then paying for the new flat. Edit your numbers here — the comparison table below mirrors this view (read-only).

Live · Your numbers
Step 1
You sell your flat — the money gets split
The buyer pays one price. From that pot, you clear the loan, refund CPF, pay fees — then whatever's left lands in your bank.
Sale price
→ −211,000 Goes to the bank, not to you.
→ −157,430 Leaves the sale, but credits your CPF Ordinary Account (not your bank).
→ −2,000 Paid from sale in cash.
→ 329,570 This is your cash after the sale.
You used CPF to buy this flat. On sale, Singapore rules require you to repay CPF (plus interest) from the proceeds. That money doesn't vanish — it moves into your CPF OA wallet, ready for your next flat. It's the same dollars, not a bonus.
Step 2
You now have two wallets for the next flat
Cash and CPF are separate. You can't pay everything from one pocket — HDB rules decide which costs come from where.
Bank (cash)
329,570
From sale, after loan + CPF refund + fees
CPF OA
157,430
Refunded from sale (Owner 1 + Owner 2 CPF)
Combined spending power: 487,000 (cash + CPF — not all cash!)
Step 3
Buying the new flat — each wallet pays its share
Some costs must be cash (e.g. part of down payment, stamp duty, fees). The rest can come from CPF OA, up to limits.
Paid from bank
−92,500
5% down payment, stamp duty, legal — amounts you typically cannot cover fully with CPF.
Paid from CPF OA
−384,100
Remaining down payment + CPF earmarked for the new flat purchase.
Step 4
What's left after you buy — your cushion
If either wallet goes negative, you don't have enough — you'd need more savings, a smaller flat, or different financing.
Cash left in bank
237,070
For renovations, emergency fund, living expenses
CPF OA left
24,185
Buffer in CPF for future installments / rules

What can I buy?

Compare Clarry PDF paths (sole HDB, joint HDB, condo) and Andy Excel (HDB 5R worksheet) side by side — plus one Custom sandbox column.

Scenarios · Your numbers

Your full wallet (beyond sale refund)

Per-owner wallet beyond the sale refund. Slide Use toward property to model partial CPFIS liquidation — updates downpayment cushions & affordability. Mortgage per scenario stays the same unless you change price/LTV.

Owner 1
Andy Excel · Ray / Yiwei
Total stocks / gold / bonds in CPFIS
100%
0%100%
Applying $0 of $0
Beyond sale proceeds
Offsets mortgage from cash
Owner 2
Andy Excel · BinBin
Total stocks / gold / bonds in CPFIS
100%
0%100%
Applying $0 of $0
Beyond sale proceeds
Offsets mortgage from cash
Total cash available
329,570
Sale cash + extra savings
Total CPF OA available
451,285
Refund + existing OA + CPFIS

Clarry PDF — 3 purchase paths

From Clarry Au's PDF. These were static scenarios — now recalculated with your sale numbers.

Explore property types

Source columns only — Clarry (Options 1–3 from PDF) and Andy (HDB 5R application worksheet). No generated EC/4R columns. Custom is your playground. Clarry HDB paths share Andy’s $597k target unless you change price.

Cheapest → priciest (Custom last). Edit price and loan terms per column, or Your bank offer → Apply to all. Clarry sole/joint use PDF cash & CPF outlays. Double-click auto numbers to trace.

Your bank offer

Each column starts with Andy / Clarry source loan terms (see Loan terms row). Apply to all only if you want one bank quote everywhere.

Table wider than screen — click and hold, then drag left or right to pan (hand cursor). Right-click drag works too.

Illustration only — not financial or tax advice. Columns trace Clarry Au PDF and Andy Excel only. LTV defaults 75% where sources imply it — actual LTV can be lower (age, tenure, MSR/TDSR). Appreciation % are rough guesses. ABSD defaults to 0% (sell-then-buy, SC first home). Verify with HDB, CPF, bank, and your agents.
Detailed line-by-line comparison

Net Cash Proceeds Breakdown

Line-by-line compare vs Clarry PDF and Andy Excel. You column mirrors Money Journey ↑ — edit sale & requirements there, not here.

Double-click any auto-calculated number in You to trace its formula — source fields light up in colour (like Google Sheets).

Category / Item Clarry (PDF) Andy (Excel) You (read-only)Edit ↑ Formula / Logic / Note
Sale Proceeds & Deductions
Selling Price700,000700,000700,000PropNex / market analysis
Outstanding Loannetted in pool-211,000−211,000Repay bank (Andy explicit)
Owner 1 CPF Use + Interest-42,900-36,112−36,112Refund to CPF OA
Owner 2 CPF Use + Interest-167,000-121,318−121,318Refund to CPF OA
Legal / Conveyancing (Private)netted-2,000−2,000Andy private cash note (treated as legal)
Net Proceeds (Cash + CPF)
Net Cash Proceeds314,360329,570329,570Clarry pool / Andy = 700k -211k -36.1k -121.3k -2k
CPF Proceeds (Refund)209,900157,430157,430Clarry total pool / Andy = 36.1k +121.3k
Total Proceeds (Cash + CPF)524,260487,000487,000Clarry 314k+209k / Andy 329k+157k
Clarry Option Details (Balances after outlay)
Option 1 Sole - Cash Balance65,270--157,180 - 91,910 (5% DP + top-up)
Option 2 Joint - Cash Balance259,350--314,360 - 55,010 (recommended)
Option 2 Joint - CPF Balance6,000--209,900 - 203,900
Option 3 Condo - Shortfall-10,940--535,200 purchase - total proceeds
Andy Application & Monthly Cashflow
Owner 1 Total CPF (refund + existing)-243,035-36,112 + 206,923
Owner 2 Total CPF (refund + existing)-165,250-121,318 + 43,932
Total CPF Available-408,285157,430
Total Cash Available-329,570329,570Net cash proceeds
GRAND TOTAL CPF + CASH-737,855487,000
CPF Required (new purchase)-384,100−384,100
CPF Balance-24,18524,185my-cpf - my-cpf-req
Cash Required (new purchase)-92,500−92,5005% + fees
Cash Balance-237,070237,070my-net-cash - my-cash-req
Monthly Installment-1,834.12-448,000 loan @1.2%, 25yr
Monthly O.A. Contribution-1,554.00-
Nett Cash Payable (monthly)--280.12-Installment - O.A. contrib
Loan Amount (75% LTV)-448,000-
Loan Tenure / Rate-25yr / 1.2%-HDB fixed
Sole vs Joint Strategy (Clarry PDF)
CPF UsageCon: Only owner can use CPF; occupier untouched--Pro: Both can use CPF for DP & monthly
Loan QuantumCon: Smaller (single income, MSR 30%)--Pro: Higher from combined income
Future ABSD (Private)Pro: No ABSD if first-time after MOP--Con: 20% ABSD if buy without selling HDB
Future Loan LTV (Private)Pro: Up to 75% LTV as occupier--Con: Max 45% LTV with existing HDB
Legal Ownership / InheritanceCon: Occupier zero rights; Per Intestate Act--Pro: Both have rights; Joint Tenancy survivorship
MOPNeutral: Both fulfill 5yr--Neutral: Both fulfill 5yr

Click and hold, then drag sideways to pan this table.

All numbers and logic consolidated from Clarry PDF and Andy Excel. Differences highlighted by structure.

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For illustration & educational purposes only. Always verify with HDB, CPF, your bank, and a licensed advisor.
Data: Clarry Au PDF + Andy Excel • Mar 2026