The loan-to-value (LTV) limit has been tightened to 80% from 85%. This means someone buying a $500,000 flat can get only a $400,000 loan, down from $425,000 before. He has to top up $25,000 more in cash or CPF. But the tighter LTV limit will reduce the loan quantum and the monthly repayment for a $400,000 loan will fall to $1,897. The minimum monthly household income required will therefore also be lower.