Minimum Household Income
$109,338
Mortgage Plan
Expenses
Stamp Duty [1]
585,000
Agent Commission [2]
156,000
Sub Total
741,000
Deposit
Initial Deposit (5%) [3]
780,000
S & P Agreement (5%) [3]
780,000
Further Down Payment
3,120,000
Sub Total
4,680,000
Total Cash Outlay
5,421,000
Financing
10,920,000
Total Interest Payable
5,480,700
Total Repayment
16,400,700
Monthly Repayment
54,669
[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.