Minimum Household Income
$82,004
Mortgage Plan
Expenses
Stamp Duty [1]
438,750
Agent Commission [2]
117,000
Sub Total
555,750
Deposit
Initial Deposit (5%) [3]
585,000
S & P Agreement (5%) [3]
585,000
Further Down Payment
2,340,000
Sub Total
3,510,000
Total Cash Outlay
4,065,750
Financing
8,190,000
Total Interest Payable
4,110,600
Total Repayment
12,300,600
Monthly Repayment
41,002
[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.