Minimum Household Income
$119,430
Mortgage Plan
Expenses
Stamp Duty [1]
639,000
Agent Commission [2]
170,400
Sub Total
809,400
Deposit
Initial Deposit (5%) [3]
852,000
S & P Agreement (5%) [3]
852,000
Further Down Payment
3,408,000
Sub Total
5,112,000
Total Cash Outlay
5,921,400
Financing
11,928,000
Total Interest Payable
5,986,500
Total Repayment
17,914,500
Monthly Repayment
59,715
[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.