Minimum Household Income
$122,234
Mortgage Plan
Expenses
Stamp Duty [1]
654,000
Agent Commission [2]
174,400
Sub Total
828,400
Deposit
Initial Deposit (5%) [3]
872,000
S & P Agreement (5%) [3]
872,000
Further Down Payment
3,488,000
Sub Total
5,232,000
Total Cash Outlay
6,060,400
Financing
12,208,000
Total Interest Payable
6,127,100
Total Repayment
18,335,100
Monthly Repayment
61,117
[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.