Minimum Household Income
$70,648
Mortgage Plan
Expenses
Stamp Duty [1]
378,000
Agent Commission [2]
100,800
Sub Total
478,800
Deposit
Initial Deposit (5%) [3]
504,000
S & P Agreement (5%) [3]
504,000
Further Down Payment
2,016,000
Sub Total
3,024,000
Total Cash Outlay
3,502,800
Financing
7,056,000
Total Interest Payable
3,541,200
Total Repayment
10,597,200
Monthly Repayment
35,324
[1] Exact Stamp Duty to be determined by Government
[2] Exact Real Estate Agent Commission to be confirmed by Real Estate Agent
[3] Normally 5% of the purchase price (Exact % to be negotiated between buyer and seller)
The calculated values are based on assumptions and provide an approximate result for your reference only.