Minimum Household Income
$136,672
Mortgage Plan
Expenses
Stamp Duty [1]
731,250
Agent Commission [2]
195,000
Sub Total
926,250
Deposit
Initial Deposit (5%) [3]
975,000
S & P Agreement (5%) [3]
975,000
Further Down Payment
3,900,000
Sub Total
5,850,000
Total Cash Outlay
6,776,250
Financing
13,650,000
Total Interest Payable
6,850,800
Total Repayment
20,500,800
Monthly Repayment
68,336
[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.