Edge Fair Value (EFV) payment is not a specific payment, but rather refers to the estimated fair value of a property determined by EdgeProp’s automated valuation tool. To assess what your monthly payment would be based on the Edge Fair Value, first obtain the EFV for your desired property using the EdgeProp tool. Then, you can use EdgeProp’s mortgage calculator by inputting the EFV as the property price, along with your preferred loan tenure, down payment, and interest rate to calculate an estimated monthly mortgage payment.
This approach allows you to see your expected monthly payment if you purchase the property at its estimated fair value in today’s Singapore property market.
We appreciate you using EdgeProp Buddy. As I'm in Beta mode, I'd recommend seeking expert advice in real estate for such concerns.