Minimum Household Income
$83,194
Mortgage Plan
Expenses
Stamp Duty [1]
445,125
Agent Commission [2]
118,700
Sub Total
563,825
Deposit
Initial Deposit (5%) [3]
593,500
S & P Agreement (5%) [3]
593,500
Further Down Payment
2,374,000
Sub Total
3,561,000
Total Cash Outlay
4,124,825
Financing
8,309,000
Total Interest Payable
4,170,100
Total Repayment
12,479,100
Monthly Repayment
41,597
[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.